Coastal Plains RESA
VOLUNTARY LIFE & AD&D
What is Voluntary-Term Life and Accidental Death & Dismemberment Insurance?
A financial protection plan which provides a cash benefit to the beneficiary upon death of the insured. Proceeds can be used to replace lost potential income during working years and help ensure your family’s financial goals will be met; goals like paying off a mortgage, keeping a business running, and paying for college. AD&D coverage is included as part of life insurance benefits and will pay out a lump-sum death benefit in the event you or a covered loved one are killed accidently or die later as the direct result of an accident. This plan also includes a dismemberment benefit which provides an additional lump sum payment if an insured becomes dismembered in an accident.
Plan Rules:
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Eligibility: Eligible full-time employees working 20+ hours/week and all 49% employees working 17.5 hours/week, spouse, & unmarried children (up to age 26)
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Coverage through OneAmerica
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Must be actively at work on the effective date
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If electing for the first time outside of the initial open enrollment period, health questions will be required for employee and spouse
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Employee must elect coverage for themselves in order to cover spouse and/or children
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Dependent coverage cannot exceed 100% of employee amount
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If you still have questions, contact Campus Benefits:
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Call 1-866-433-7661, option 5
