Life and AD&D Benefits
Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer -paid benefit, provided at no cost to you. The basic life benefit will be paid to your beneficiaries in the event of your death. The AD&D benefit will be paid in the event of an injury resulting from a covered accident.
Benefits |
|
|---|---|
Basic Life and AD&D |
|
Employee Life Benefit |
$50,000 |
Employee AD&D Benefit |
$50,000 |
Payroll Deduction |
No Cost to You! |
Dependent Life |
|
Spouse |
$5,000 |
Child |
$2,000 |
Payroll Deduction |
$1.18 per Pay Period |
Benefit Reduction |
50% at age 70 |
When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children.
Coverage purchased through this plan is offered at a group discounted rate with guaranteed issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Employee |
|
Benefit Maximum |
In $10,000 increments - 8x |
Guaranteed Issue |
$200,000 |
Spouse |
|
Benefit Maximum |
In $5,000 increments |
Guaranteed Issue |
$50,000 |
Child(ren) |
|
Benefit Maximum |
$10,000 |
Note that at age 70, your benefits are reduced by 50%. |
| Remember! |
|---|
Spouse Life cannot exceed 100% of Employee Amount |
Age |
Monthly Cost by Age for |
|---|---|
Under 25 |
$0.059 |
25-29 |
$0.059 |
30-34 |
$0.078 |
35-39 |
$0.085 |
40-44 |
$0.098 |
45-49 |
$0.146 |
50-54 |
$0.224 |
55-59 |
$0.420 |
60-64 |
$0.644 |
65-69 |
$1.239 |
70 and over |
$2.010 |
Dependent Child(ren) Premium / $10,000 |
|
$2.00 |
Group Number
G000CJGN
Provided By
Mutual of Omaha
Provider Website
https://www.mutualofomaha.com/life
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Frequently Asked Questions