Group Life Insurance and AD&D


Group Life Insurance

Group Life insurance is a mandatory component of most group insurance plans. The coverage provides a lump sum benefit to your chosen beneficiary in the event of your death. The amount of insurance is expressed as either a flat amount or as a function of salary. Coverage is guaranteed medically up to a certain threshold and additional protection is often available. Group life insurance can generally be converted to personally owned coverage if employment ceases.

Group AD&D Coverage

Accidental Death & Dismemberment (AD&D) coverage is combined with Group Life Insurance as a mandatory component of most group plans. Group AD&D provides financial support following the accidental loss of sight, hearing, speech, a limb, use of a limb, or life.