Life Insurance

Basic Life and AD&D

CJM provides employees with basic Term Life and AD&D in the amount of $15,000 at no additional cost. No Medical Underwriting is required, and employees are automatically enrolled.

Benefits will not reduce as you age. If you leave employment, you may convert your insurance to an individual life insurance policy insured by The Standard.

Voluntary Life and AD&D Insurance

In addition to the Basic Life and AD&D provided to you at no cost, you may purchase additional voluntary life insurance coverage for yourself in increments of $10,000 up to a maximum of $500,000, not to exceed 7 times your annual earnings.

Guarantee Issue Amount: New Hires are eligible to purchase up to $200,000 of Voluntary Life and AD&D with no medical underwriting required (all others must provide proof of good health)

Benefits reduce to 65% at age 65 and 50% at age 70.

Voluntary Spouse/Child Life and AD&D Insurance

You may purchase spouse voluntary life insurance coverage in increments of $5,000, up to a maximum of $250,000 or 50% of your supplemental life amount, whichever is less. You may purchase child voluntary life insurance coverage in increments of $2,000 to a maximum of $10,000 or 50% of your supplemental life amount, whichever is less.

Guarantee Issue Amount: New Hires are eligible to purchase up to $20,000 of Voluntary Spouse Life and

AD&D with no medical underwriting required (all others must provide proof of good health).

Underwriting is not required for Child voluntary life insurance.

Spousal benefits reduce to 65% at age 65, 50% at age 70 Child coverage continue to age 19 unless a full-time student, then until age 25