Basic Life & AD&D Insurance
Your family depends on you in many ways and you’ve worked hard to ensure their financial security. But if something happened to you, will your family be protected? Will your loved ones be able to stay in their home, pay bills, and prepare for the future? Life insurance provides a financial benefit that your family can depend on. Nordea Bank Abp, New York Branch pays the entire cost of Basic Term Life Insurance and Basic AD&D for you and you are automatically enrolled upon meeting eligibility. If your basic coverage exceeds the $650,000 Guarantee Issue amount, members will need to complete an Evidence of Insurability Form before the additional Basic Life can be approved
Type
Available Coverage
Basic Term Life
$3x Annual earnings to $1,500,000
Basic AD&D
$3x Annual earnings to $1,500,000
Guarantee Issue
$650,000
Age
Reduction
65 70
35% 50%
Benefit Reductions
We recommend that each employee elects a beneficiary for their life insurance benefit. If you would like additional coverage you can choose to enroll in one of our voluntary options listed on the next page.
14
Made with FlippingBook interactive PDF creator