Basic Life/AD&D Insurance Life and AD&D
This benefit is paid for 100% by The Standard. There is no cost to you, the employee.
All benefit eligible employees with The Standard 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 of $20,000
Basic Accidental Death and Dismemberment (AD&D) • 100% of the Basic Life benefit • 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 65 Your life benefits will reduce after age 65, and the reduction schedule is as follows:
Refer to the Symetra plan documents for a complete description of this plan.
• Reduce by 35% at age 65 • Reduce by 50% at age 70 • Reduce by 65% at age 75 • Benefits will terminate at retirement
Consider updating your Life Insurance beneficiary by updating the universal enrollment form and returning the form to Human Resources.
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