SiteImpact • 2023-2024 Benefits Guide
LIFE INSURANCE MUTUAL OF OMAHA
Basic Life & Accidental Death & Dismemberment Life and AD&D insurance offers financial protection by providing you coverage in case of an untimely death or accident that takes away your income-earning ability. Life benefits are payable to your beneficiaries in the event you pass away. Site Impact will continue to offer Employer-Paid Basic Life/ AD&D. Please visit www.mutualofomaha.com or call them at 800-877-5176.
Benefit summary Maximum Benefits
Flat amount $25,000
Accidental Death & Dismemberment (AD&D)
Matches Basic Life amount
If you leave your employment, you may convert your Group Life insurance to an individual life insurance policy without having to answer any medical questions (within 31 days)
Conversion
Age Reduction Formula
Your benefit reduces by 35% at age 65, 60% at age 70, and 75% at age 75
You can request an accelerated benefit up to 80% of the amount of your employee basic life insurance currently in force if you become terminally ill and have a life expectancy of 12 months or less, not to exceed $8,000
Accelerated Death Benefit / Terminal Illness Benefit
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