AD&D insurance benefits are paid in addition to any life insurance you may have. It pays benefits if you die as a result of a covered accident, such as a traffic accident or fall – not natural causes. It also pays partial benefits if you lose your vision, hearing, speech, or a bodily appendage (fingers, limb, etc.) in a covered accident. A benefit may also be payable for conditions such as coma, paralysis or total disability if due to a covered accident. Limitations and exclusions apply.
Employee Basic AD&D Insurance
The College provides each benefits-eligible employee with $50,000* of AD&D insurance.
Employee Voluntary AD&D
You may purchase additional, voluntary AD&D insurance in increments of $20,000*. The maximum amount of coverage you may purchase is $300,000, but cannot exceed 10 times your annual base salary.
AD&D Insurance for Your Dependents
You may also choose voluntary AD&D insurance for your spouse/grandfathered qualified domestic partner and/or dependent child(ren) in the following amounts:
- Spouse/GFQDP covered at 50% of the amount you select for yourself if you do not cover any children
- Spouse/GFQDP covered at 40% of the amount you select for yourself if you have children whom you cover
- Child(ren) covered at 15% of the amount you select for yourself if you do not cover a spouse/GFQDP
- Child(ren) covered at 10% of the amount you select for yourself if you have a spouse/GFQDP whom you cover
You may not elect coverage for your spouse/GFQDP if your spouse is already covered as an employee under this policy. AD&D insurance is paid for with after-tax dollars.
*Age reduction rule: coverage amounts are reduced by 35% at age 65, 60% at age 70, and 75% at age 75.