Life and AD&D Insurance: Why It Matters.
Life can be unpredictable, but you can be prepared with benefits that help protect you and your family from unexpected financial challenges. Life and Accidental Death & Dismemberment (AD&D) Insurance, issued by The Prudential Insurance Company of America (Prudential), can help ensure your family is financially secure if you pass away, or are seriously injured due to an accident. We've made it easy for you to learn more about these benefits.
What are Life and AD&D Insurance? Life Insurance pays a benefit to your designated
• You can depend on them. Regardless of economic market conditions, the value of some insurance benefits from a trusted carrier like Prudential may remain steady and consistent. • They may be more affordable than you think. Because your employer’s plan offers group rates, Life and AD&D Insurance may be more affordable than buying coverage on your own. • You can update your insurance as your life changes. If your income has increased, or you’ve gotten married, bought a home, or had a child, you may need to increase your coverages. • These benefits can help ensure that you leave the financial legacy you want and take care of final arrangements that could burden spouses, children, and others.
beneficiary(ies), the people you choose to receive your Life Insurance benefits. Your loved ones can use these proceeds as income replacement for expenses like rent or mortgage, child care, tuition, utilities, and car payments, to name a few. AD&D Insurance also pays a benefit if you die or are seriously injured due to an accident, including the loss of a limb, a hand, a foot, sight in one eye, speech, or hearing-injuries which, depending on your occupation, could make it difficult or impossible for you to continue working. Why do Life and AD&D Insurance make sense? Life and AD&D Insurance can help you promote the financial health of you and your loved ones.
Important Change: New Insurance Provider This year, we’re transitioning to a new provider for Basic Life and AD&D, Long-Term Disability, Voluntary Term Life Insurance, Short-Term Disability, Accident and Critical Illness coverages. Be sure to review the new coverage options and pricing details carefully in Bswift Benefits. If you currently have life insurance, short-term disability, accident or critical illness coverages, you’ll need to decide whether to maintain, adjust, or opt-out of coverage with the new provider during this Open Enrollment period.
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