Group Number
G000C2KW
Provided By
Mutual of Omaha
Provider Website
https://www.mutualofomaha.com/
Customer Service
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.
Benefits |
|
|---|---|
Life Benefit |
Equal to 1.5 x your annual earnings up to $150,000 |
AD&D Benefit |
Equal to amount of life insurance |
Benefit Reduction |
Age 65 = 65% |
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 guaranteed issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Employee |
|
Benefit Maximum |
Up to $250,000 |
Guaranteed Issue |
5 x your annual earnings or $100,000, |
Spouse |
|
Benefit Maximum |
Up to $250,000, not to exceed 100% of |
Guaranteed Issue |
100% of employee's elected amount or $25,000, |
Child(ren) |
|
Benefit Maximum |
$10,000 |
Guaranteed Issue |
100% of employee's elected amount or $10,000, |
Monthly Cost |
|
|---|---|
Age |
Rate |
< 29 |
$0.087 |
30-34 |
$0.094 |
35-39 |
$0.110 |
40-44 |
$0.165 |
45-49 |
$0.261 |
50-54 |
$0.417 |
55-59 |
$0.655 |
60-64 |
$0.993 |
65-69 |
$1.596 |
70+ |
$3.016 |
Child(ren) |
$0.160 |
AD&D Monthly Cost by |
|
EE & Spouse |
$0.025 |
Child(ren) |
$0.040 |
Group Number
G000C2KW
Provided By
Mutual of Omaha
Provider Website
https://www.mutualofomaha.com/
Customer Service