Life Insurance and AD&D
This coverage helps your family with financial obligations in the event of a death, terminal illness, or serious injury.
Life insurance and Accidental Death & Dismemberment (AD&D) coverage is designed to protect you and your family against loss of income in the event of an accident or death.
Employer-Paid Basic Life & AD&D Coverage
Attentive is proud to support your loved ones with this plan, at no cost to you!
- 2X Base Salary up to $500,000
- This coverage is automatically reduced when you reach age 65.
You are subject to imputed income on Life Insurance amounts over $50,000 paid by your employer.
Voluntary Life Insurance Coverage
For additional protection, you have the option to purchase voluntary life insurance for yourself, your spouse, and/or your child(ren). As the employee, you must be enrolled in the Voluntary Employee Life Insurance coverage before you can enroll in the Spouse and/or Child(ren) life insurance coverage.
| Employee | Spouse | Child(ren) | |
|---|---|---|---|
| Coverage Amount & Maximums | $10,000–$500,000 Not to exceed 5x Salary ($10,000 Increments) |
$5,000–$250,000 Not to exceed 50% of Employee Vol. Life Amount ($5,000 Increments |
Flat $10,000 |
| Guaranteed Issue (GI) Amount for Initial Offer | $300,000 | $25,000 | $10,000 |
Premiums
Voluntary Life Insurance premiums for Employee & Spouse vary based on coverage level and the employee’s age. Child(ren) Life is only based on coverage level.
| Voluntary Life | ||
|---|---|---|
| Coverage | Age Band (Based on Employee’s Age) | Semi-Monthly Rate Per $1,000 |
| Voluntary Life—Employee & Spouse | < 25 | $0.025 |
| 25–29 | $0.03 | |
| 30–34 | $0.04 | |
| 35–39 | $0.045 | |
| 40–44 | $0.05 | |
| 45–49 | $0.075 | |
| 50–54 | $0.115 | |
| 55–59 | $0.215 | |
| 60–64 | $0.33 | |
| 65–69 | $0.635 | |
| 70–74 | $1.03 | |
| 75+ | $1.03 | |
| Voluntary Dependent Life—Child (Per $1,000 Benefit) | $0.85 | |
Beneficiary Allocation(s)
Remember to review your beneficiary allocation(s) regularly and update ADP as needed throughout the year. Follow the instructions to add or change your beneficiary allocation(s).