Basic Life Insurance and Accidental Death & Dismemberment (AD&D)
Imagine! provides you Basic Life and AD&D insurance equal to one times your annual salary up to a maximum of $50,000 at no cost to you. You simply have to designate a beneficiary and is provided in the event of an accidental death. AD&D insurance may also pay a partial benefit if you are seriously injured in an accident and suffer a significant injury (such as a loss of a limb).
Voluntary Term Life Insurance*
You may choose to increase your Life insurance by purchasing Voluntary Term Life coverage. This plan includes the option to select voluntary coverage for your spouse and dependent child(ren).
Employee – You may elect coverage in increments of $10,000 up to a maximum of $250,000, not to exceed 5 times your annual salary. Requests for coverage over $180,000 will require evidence of insurability.
Spouse – You may elect coverage in increments of $5,000 up to a maximum of $100,000, not to exceed 100% of employee’s benefit. Requests for coverage over $50,000 will require evidence of insurability.
Child(ren) – You may elect coverage in increments of $5,000 up to a maximum of $10,000. Your depended children must be under age 21 (or under age 25 if a full time student).
* Please note: If you do not enroll when initially eligible, all amounts are subject to evidence of insurability.