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BASIC LIFE AND VOLUNTARY LIFE

BASIC LIFE AND VOLUNTARY LIFE

Basic Life AD&D – This benefit is paid on your behalf by Andover Corp.  The benefit is a flat amount of $20,000 and is payable to your beneficiary if you were to pass away. There is also a dismemberment schedule. If you were to lose a limb or eyesight, a portion of your benefit would be payable to you. The premiums are paid for 100% by Andover Corp.

The Voluntary Life benefit is a supplemental benefit and is voluntary. 

The employee benefit is in $10,000 increments to a max of $500,000 and is payable to your beneficiary if you were to pass away.  You may also enroll your spouse.  

The spouse benefit is $5,000 increments a max of $250,000 not to exceed 100% of the employee elected amount.   A child benefit is available, also. 

The child benefit is up to $10,000, not to exceed 10% of the employees amount. 

Additional benefit information can be found in your Voluntary Life Summary which is located under Resources.

Andover Corporation
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