Group Life Insurance and AD&D

Preparing for the unimaginable

Group Life insurance is a mandatory component of most group insurance plans. The coverage provides a lump sum benefit to the chosen beneficiary in the event of death. The amount of insurance is expressed as either a flat amount or as a function of salary. Coverage is guaranteed medically up to a certain threshold and additional protection is often available. Group life insurance can generally be converted to personally owned coverage if employment ceases.

Group AD&D Coverage

Group Accidental Death and Dismemberment (AD&D) provides financial support following the accidental loss of sight, hearing, speech, a limb, use of a limb, or life. AD&D coverage is combined with Group Life Insurance as a mandatory component of most group plans.