LIFE INSURANCE

LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) INSURANCE COVERAGE

Life insurance is an important part of your financial security, especially if others depend on you for support. Accidental Death & Dismemberment (AD&D) insurance is designed to provide a benefit in the event of accidental death or dismemberment.

Camden County provides Basic Life and AD&D Insurance in the amount of One times your Salary to a maximum of $200,000 to all Full Time Employees at no cost through The Hartford.

EMPLOYEE-PAID TERM LIFE INSURANCE

To supplement the life insurance provided by Camden County, you can purchase additional term life insurance through The Hartford for yourself, your spouse and your child(ren).

As a new hire, you can purchase up to the Guarantee Issue Amount without answering medical questions. Evidence of insurability is required for any amounts over the Guarantee Issue Amount. If you did not elect additional life insurance when you were first eligible and want to elect it now, evidence of insurability is required for any amounts of life insurance. If you are increasing current coverage amounts, evidence of insurability will also be required.

During Open Enrollment, Hartford allows you to increase your current coverage for you and/or your spouse by one increment (25,000 for employee or $5,000 for spouse) without answering medical questions as long as your total amount is not above the guarantee issue amounts listed above. Any amounts of life insurance above this amount will require Evidence of Insurability.

If you (the employee) are age 70 or older: The life insurance benefit amount elected are subject to benefit reductions due to your age. At age 70, the benefit elected decreases to 50% of the original amount.