Life and AD&D Benefits

Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer-paid benefit, provided at no cost to you. The basic life benefit will be paid to your beneficiaries in the event of your death. The AD&D benefit will be paid in the event of an injury resulting from a covered accident.

	Vermeer pays for 100% of this benefit
Eligibility	Full-time employees working 30+ hours per week
Benefit Amount	Flat $10,000 benefit
Coverages
Basic Life	Beneficiary will receive a set dollar amount in the event of your death while you are covered by the policy
AD&D	Beneficiary will receive an additonal benefit if your death was due to a specified covered accident

Downloads

Summary of Benefits

When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children. Coverage purchased through this plan is offered at a group discounted rate with guarantee issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.

	Employee	Spouse	Child(ren)
Benefit	In Increments of $10,000 to a maximum of $300,000	In increments of $5,000 to a maximum of $100,000, not to exceed 50% of the employee’s enrolled amount	For children 6 months of age and older you can purchase benefits of $2,000, $3,000, $4,000, $5,000 or $10,000.
Guarantee Issue	New Hires: $100,000	New Hires: $30,000	No Medical questions asked
Age Reductions	Reduced to 65% at age 65, 50% at age 70	Reduced to 65% at age 65, 50% at age 70	Benefit Terminates at age 26

Downloads

Summary of Benefits

Provided By

Mutual of Omaha

Provider Website

http://mutualofomaha.com/

Customer Service

800.877.5176