Basic Life and AD&D Insurance:
As part of your benefits package, employees are eligible for Basic Life Insurance and AD&D coverage to help protect employees and their family should you the employee pass away. All benefit eligible employees are covered with 2 times their annual earnings.
Supplemental life insurance is an optional benefit offered by some employers where the employee pays the premium. The premiums, which are based on age and the amount of insurance purchased, may be less expensive than individual life insurance premiums because of an employee group discount. In addition, if you elect to cover yourself as the employee under the Supplemental Life you can also cover your spouse and dependent children for a flat amount.