Life and Accident Death & Dismemberment Insurance, by Guardian
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 pays the entire cost of Basic Term Life Insurance and Basic AD&D for you and you are automatically enrolled upon meeting eligibility. Life Insurance & Accidental Death & Dismemberment (AD&D) Life insurance coverage is a way to protect your family and those who depend on you for financial support. It can provide a large, income tax-free payout to help them carry on if you pass away unexpectedly. Nordea Bank provides basic life insurance up to 3x your annual earnings to a maximum of $1,500,000 at no cost to you. If your Basic Life & AD&D coverage exceeds the $650,000 Guarantee Issue amount, members will need to complete an Evidence of Insurability Form before the additional Basic Life & AD&D can be approved.
If you would like additional coverage you can choose to enroll in our voluntary options listed on the next page.
2024-2025 Benefit Summary
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