The Foundation of any Benefits Program
Group Life and Accidental Death and Dismemberment (AD&D) Insurance
Providing a competitive benefits package to attract and retain quality employees can be a challenging proposition for any employer. Double-digit increases in health-care costs make this even more difficult, reducing an employer’s ability to exclusively provide and pay for a comprehensive benefits program. Life insurance from The Standard makes it easier for you to offer the insurance coverage that employees want at competitive group rates.
Life Insurance
Life insurance helps protect employees and their loved ones from financial hardship in the event of an eligible member’s covered death.
Accidental Death and Dismemberment (AD&D) Insurance
With AD&D coverage, eligible employees and their beneficiaries may receive an additional amount in the event of a covered accidental death or dismemberment, helping to restore financial balance when the unexpected happens.
Follow the links below to learn about the various plan designs and their key features. Before selecting a plan, review the Group Life Insurance Brochure and the Group Life Certificate of Insurance.
- Plan A - Benefits at a Glance
- Life coverage amount is available in increments of $1,000, from $10,000 to a maximum of $150,000. An additional $20,000 of coverage for each employee is paid by PDT.
- Dependents Life coverage for spouses is available in increments of $1,000, from $10,000 to a maximum of $30,000.
- Dependents Life coverage for child(ren) is available in the amount of $5,000.
- Plan B - Benefits at a Glance
- Life coverage amount is available as 1 times, 1.5 times or 2 times annual earnings options. The maximum amount is $150,000 and the minimum amount is $10,000. An additional $20,000 of coverage for each employee is paid by PDT.
- Dependents Life coverage for spouses is available in increments of $1,000, from $10,000 to a maximum of $30,000.
- Dependents Life coverage for child(ren) is available in the amount of $5,000.
For a covered accidental loss of life, the AD&D coverage amount is equal to the Life coverage amount. For other covered losses, a percentage of this benefit will be payable.
Watch a video about how Life and AD&D insurance can help provide more financial security for employees.