Common use of Voluntary Accidental Death & Dismemberment Clause in Contracts

Voluntary Accidental Death & Dismemberment. Premiums: 100% employee paid Eligibility: All active, full-time employees under 70, their spouses under age 70 and their dependent children under age 21 (age 25 for students). Classification: All employees Dependent benefit Spouse Each child Principal Amount: - an amount which is a multiple of $25,000 - minimum benefit amount of $25,000 - maximum benefit amount of $250,000 - percentage of employee's benefit - 50% if there are no children, or 40% if there are children - 20% if there is no spouse, 10% if there is a spouse

Voluntary Accidental Death & Dismemberment. Premiums: 100% employee paid Eligibility: All active, full-time employees under age 70, their spouses under age 70 and their dependent children under age 21 (age 25 for students). Classification: All employees Dependent benefit Spouse Each child Principal Amount: - an amount which is a multiple of $25,000 - minimum benefit amount of $25,000 - maximum benefit amount of $250,000 - percentage of employee's benefit - 50% if there are no children, or 40% if there are children - 20% if there is no spouse, 10% if there is a spouse

Voluntary Accidental Death & Dismemberment. Premiums: 100% employee paid Eligibility: All active, full-time active employees under age 70, their spouses under age 70 and their dependent children under age 21 (age 25 for students). Classification: All employees Dependent benefit Spouse Each child Principal Amount: - an amount which is a multiple of $25,000 - minimum benefit amount of $25,000 - maximum benefit amount of $250,000 - percentage of employee's benefit - 50% if there are no children, or 40% if there are children - 20% if there is no spouse, 10% if there is a spouse