Benefits for 2023
Life Insurance
SUMMARY OF COVERAGE
LIFE/AD&D
Plan Features
Employee Life Benefit Amount
Flat $10,000
AD&D Benefit
Flat $10,000
The following shows how much benefits are reduced at certain ages:
Age Band
Benefit Reduction
65-69
65%
70 +
50%
*Employer Paid Life Insurance is for Full-Time Employees ONLY
VOLUNTARY LIFE/AD&D
Employee Voluntary Life/AD&D Benefit Increments
$10,000
Benefit Maximum
5x Annual Salary up to $500,000
Guarantee Issue
$150,000
Spouse Voluntary Life/AD&D
Benefit Increments
$5,000
Benefit Maximum
100% of Employee Amount up to $500,000
Child Voluntary Life/AD&D Benefit Increments
$2,000
Benefit Maximum
100% of Employee Amount up to $10,000
Available for employees working 20+ hours/week * For illustrative purposes only. Please refer to your plan documents for all plan details
This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.
2023 Employee Benefit Guide
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