LIFE + AD&D
SUMMARY OF COVERAGE
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This benefit is paid for 100% by Callen Lorde. There is no cost to you, the employee.
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All benefit eligible employees with Callen Lorde are provided with employer-paid Basic Life and Basic Accidental Death & Dismemberment (AD&D) coverage. All eligible employees are automatically enrolled in Basic Life and Basic AD&D.
Employee Basic Life Insurance • Benefit amount is dependent on your earnings, up to a maximum of $50,000
Basic Accidental Death and Dismemberment (AD&D) • 100% of the Basic Life benefit, up to $50,000 in increments of $1,000 • Provides specified benefits for a covered accidental bodily injury that directly causes dismemberment • In the event of death that occurs from a covered accident, both Life and AD&D benefit would be payable each in the amount of the basic life insurance
Benefits After Age 70 Your life benefits will reduce after age 70, and the reduction schedule is as follows:
• Reduce by 35% at age 70 • Reduce by 50% at age 75 • Benefits will terminate at retirement
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LIFE INSURANCE I
Callen Lorde BENEFITS GUIDE
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