BASIC LIFE AND AD&D INSURANCE COVERAGE
Infratech Corporation provides all Full-Time employees with Basic Life and Accidental Death & Dismemberment at no cost to you. Mutual of Omaha Basic Life w/AD&D Insurance Eligibility Requirement Officers, Managers, Supervisors Life Insurance Benefit Employee 1x Salary; Minimum $10,000 / Maximum $250,000 Spouse $6,000 Child(ren) 14 days and older - $3,500 / Less than 14 days - $0 Guarantee Issue Yes Accidental Death & Dismemberment Benefit (AD&D) Same as Basic Life Amount
VOLUNTARY TERM LIFE INSURANCE COVERAGE
As a supplemental benefit, Infratech Corporation allows eligible employees to purchase additional life insurance coverage for yourself and your dependents. This coverage is paid for by you and is offered through Mutual of Omaha. Rates for the voluntary term life insurance are based on age, and volume, and benefits are subject to applicable age reductions. Mutual of Omaha Voluntary Life w/AD&D Insurance Eligibility Requirement All Full Time Employees Employee Benefit Amounts Employee 5x Annual Earnings to $500k in increments of $25k Spouse 100% of employee’s benefit up to$250k Child(ren) 100% of employee’s benefit up to $250k Guarantee Issue* Employee $100k Spouse 100% of employee’s benefit Child(ren) 100% of employee’s benefit
*Guarantee Issue applies only to new hires.
8 | Infratech Corporation 2024 Benefits Guide
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