VOLUNTARY LIFE AND AD&D INSURANCE PLAN
While Village of Pinehurst offers Basic Life and AD&D insurance through Principal, some employees may want to purchase additional coverage, through USAble. Think about your personal circumstances. Are you the sole provider for your household? What other expenses do you expect in the future? Depending on your needs, you may want to consider buying additional coverage. With Voluntary Life insurance, you are responsible for paying the full cost of coverage through payroll deductions. In order to purchase additional coverage for yourself and/or dependents, you must elect coverage. For any amount requested over the guarantee issue amount, you will need to complete the Evidence of Insurability (EOI). EOI is a request to verify good health. Ask your HR contact for the form. Also, please make sure you have an up to date beneficiary on file with your HR representative.
Voluntary Life and AD&D
Employee Life and AD&D Benefit
Increments of $10,000 up to $300,000
DependentLife and AD&D Benefit
Increments of $5,000 up to $150,000
Employee: Max $100,000* Spouse: Max $30,000*
GuaranteedIssue Amount
35% at age 65 50% at age 70
Age Reduction Benefits
The benefit plan information shown in this guide is illustrative only. To the extent the benefit plan information summarized herein differs from the underlying plan details specified in the insurance documents that govern the terms and conditions of the plans of insurance described in this guide, the underlying insurance documents will govern in all cases . *Guaranteed Issue (GI) is only available to new hires. GI does not require Evidence of Insurability.
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