LIFE AND AD&D INSURANCE PLAN
The Village of Pinehurst provides all full time employees with a company paid life insurance policy of $25,000. Please make sure you have an up to date beneficiary on file with your HR representative. Benefits reduce to 35% at age 65 and 50% at age 70.
Carrier Name
Principal
Life Benefit
$25,000
AD&D Benefit
$25,000
Guaranteed Issue Amount
$25,000
Conversion Privilege
Yes
Waiver of Premium
Yes
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.
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