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.