Basic Life and AD&D Insurance
(Accidental Death & Dismemberment Insurance)
Life insurance provides a benefit to help meet expenses in the event of your death. Accidental death and dismemberment (AD&D) insurance can provide a benefit in the event of an accidental loss of limb or sight or in the event of accidental death.
Sun Life is our Life and AD&D insurance provider.
EMPLOYER PAID BASIC EMPLOYEE LIFE AD&D INSURANCE
The Company provides basic employee Life and AD&D insurance combined. You may elect to increase your coverage by also enrolling in Voluntary Employee Life as well as Voluntary AD&D.
Guaranteed Issue means that you may be able to purchase coverage without medical exams or health questions. See “Guaranteed Issue” below for more information.
How to file a Life Insurance claim
Why create a Sun Life Account
SunLife Online Services for Members Account Registration Guide
Voluntary Life Insurance
As a new hire, once you have completed 60 days of employment, you can elect to add additional life insurance through the Sun Life Voluntary Life and AD&D insurance plan at a low cost at Guaranteed Issue amounts. The Sun Life Guaranteed Issue amount is $140,000 for employee, $25,000 for spouse, and $10,000 for child.
Guaranteed Issue means that you may be able to purchase coverage without medical exams or health questions (evidence of good health). If you do not elect Voluntary Life and/or AD&D as a new hire, when trying to enroll at any time thereafter as a late entrant be subject to apply for coverage through Evidence of Good Health.
Your employee term life insurance options are:
- In units of $10,000
- Maximum is lesser of 5 times salary or $500,000
- Guaranteed Issue amount of $140,000
Voluntary Dependent Life
You may elect voluntary dependent life insurance for your spouse and/or your dependent child(ren). Dependent life insurance is rounded up to the next $1,000.
Spousal Life Insurance Options
Life insurance coverage for your spouse cannot exceed 100 percent of your employee life insurance election or your company-paid basic life election.
- Your spousal life insurance options are:
- In units of $5,000
- Maximum of $500,000
- Guaranteed Issue Amount of $25,000
If you increase your spouse’s life insurance coverage and your spouse is hospitalized at that time, the life insurance carrier reserves the right to disallow the increase in your spouse’s coverage. If you and your spouse both work for the Company, there is no need to purchase dependent life insurance because:
- If you purchase dependent life insurance for one another, the surviving spouse will only receive the insurance benefit that the deceased spouse purchased for himself/herself.
- The surviving spouse will not receive the insurance benefit he she purchased on his/her deceased spouse.
Child Life Insurance Options
You can also elect coverage for your eligible child(ren) up to $10,000.
- Your child life insurance options are:
- In units of $2,000
- Maximum of $10,000
- Guaranteed Issue of all amounts
If you and your spouse both work for the Company, you cannot both purchase life insurance for the same child.
Available Voluntary Life Coverage
The insurer reserves the right to request and/or deny coverage based on Evidence of Insurability.
Evidence of Insurability (EOI)
EOI - Employee Guide
EOI - Frequently Asked Questions
EOI Online Form
Voluntary Life Rates
Employee’s Monthly Cost of Coverage
Benefits will reduce based on age (see benefits reduction schedule for details).
How to Calculate Your Monthly Cost:
- STEP 1: Use the chart above to find our Monthly rate based on your age as of your effective date.
- STEP 2: Multiply this rate by your desired coverage amount, in units. Reference the table above to find the appropriate unit amounts for employee and/or dependents.
- STEP 3: The result is the Monthly cost.
VOLUNTARY AD&D Insurance
AD&D (ACCIDENTAL DEATH AND DISMEMBERMENT)
If you or a loved one pass away or are seriously injured as a result of a covered accident or injury, you or your beneficiaries will receive a set amount to help pay for unexpected expenses, or help your loved ones pay for future expenses after you’re gone.
Available Coverage
Benefit Detail
Note: Some accidents are not covered. Please visit the Benefits Guide for more information.
Your Monthly Cost of Coverage
- Employee Cost Per $10,000 = $0.340
- Spouse Cost Per $5,000 = $0.170
- Child Cost Per $2,000 = $0.068
Actual per pay period premiums may differ slightly due to rounding. Benefits will reduce on age (see Benefits Reduction Schedule for details). Rates may be subject to change in the future.
How to Calculate Your Monthly Cost:
- STEP 1: Find the above Monthly rate.
- STEP 2: Multiply this rate by your desired coverage amount, in units. Reference the table above to find the appropriate unit amounts for employee and/or dependents.
- STEP 3: The result is the Monthly cost.