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Life/Accidental Death & Dismemberment
Group Term Life and AD&D is one of the most important and best values of all employee benefits. For many employees, group term life insurance is the only life insurance they have. Companion Life's Group Term Life and AD&D plans provide almost unlimited flexibility to employers for plan designs, with competitive rates and guaranteed issue amounts. We pay life benefits for death from any cause.
AD&D benefits normally equal the amount of life benefits, but other arrangements are available. We pay these AD&D benefits for the following losses that are the result of an accident:
- Loss of life — 100%
- Loss of both hands or both feet — 100%
- Loss of entire sight in both eyes — 100%
- Loss of one hand and one foot — 100%
- Loss of one hand and the entire sight in one eye — 100%
- Loss of one foot and the entire sight in one eye — 100%
- Loss of one hand or one foot — 50%
- Loss of entire sight in one eye — 50%
"Loss" means:
- With reference to hand or foot, the complete loss of the use of the hand or foot.
- With reference to eye, the irrecoverable total loss of sight.
If a covered person suffers more than one of these losses as a result of the same accident, we will pay benefits only for the greatest loss.
Choices are available for schedules of reduced benefits for workers older than the normal retirement age.
Find out more about additional benefits.
To learn more about Life/Accidental Death & Dismemberment plans, please contact us.
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