Life/AD&D

Employer Paid Life/AD&D Insurance

Life Insurance is a key element of proper financial planning and helps provide financial stability and protection for families in case of an untimely death. If you are an eligible full-time employee, High Meadows School provides $50,000 of basic group term life insurance and an additional matching amount of accident death and dismemberment (AD&D) insurance through Equitable.

Supplemental Life/AD&D Insurance

Employees have the option of purchasing Supplemental Life/AD&D Insurance, on top of their employer-paid insurance through Equitable. Supplemental Life/AD&D is are intended to provide additional protection to full-time employees. AD&D provides additional protection in the event of accidental death. It also covers loss of limb or eye due to accident. Those interested can elect the amount that suits their needs at an affordable rate.

Employee: Coverage is available in increments of $10,000 up to a maximum of $500,000. The guarantee issue amount is $150,000. Employees wishing to apply for coverage above $150,000 will need to seek approval for this coverage by completing an Evidence of Insurability form, where they will answer a series of simple health questions for Equitable underwriting to review. There is no age reduction in the benefit.

If electing for yourself, you can also elect for your spouse and/or children. Spouse: Increments of $5,000 to the lesser of $150,000 or 50% of the employee’s supplemental life amount. The

guarantee issue amount is $30,000.

Child: $5,000 or $10,000. All child life is guarantee issue.

Choose Your Beneficiary

Make sure your life and accident death benefits will be paid as you intend.

Be sure you name a beneficiary when you enroll in Life and AD&D benefits during open enrollment.

Then, continue to review your beneficiary designations as you experience life changes. Future Increase Benefit: Any employee, spouse or child who enrolls during their initial eligibility period can increase coverage up to the Guarantee Issue at any future Open Enrollment with no Evidence of Insurability (EOI).