Accidental Death & Dismemberment(AD&D)
Life is risky and accidents can happen in an instant, but the consequences can last a lifetime. Accidental death and dismemberment (AD&D) insurance gives you added financial security in sudden and tragic circumstances. AD&D insurance can be a valuable and low-cost addition to your current benefits package
Basic Accidental Death and Dismemberment Insurnace
AAA Carolinas provides full-time (30+ hours) employees the equivalent of their annual salary in accidental death and dismemberment (AD&D) insurance and pays the full cost for this benefit (maximum $200,000).
Voluntary Accidental Death and Dismemberment Insurance
Employees, who want to supplement their AD&D insurance benefits, may purchase additional coverage. When you enroll yourself and/or your dependents in this benefit you pay the full cost through payroll deductions.
Carrier: Life Insurance Company Of North America
Eligibility: All Fulltime Employees(>30 hours)
|EMPLOYEE ONLY AD&D||FAMILY AD&D COVERAGE|
|Covers employee only||Covers employee, spouse, and dependent children|
|Minimum Coverage $10,000||Minimum Coverage $10,0000|
|Maximum Coverage $500,0000||Maximum Coverage $500,0000|
|In increments of $10,0000||In increments of $10,000|
|TYPE OF LOSSES||BENEFIT AMOUNT|
|Loss of Two or More Hands or Feet||100% of the Principal Sum|
|Loss of Sight of Both Eyes||100% of the Principal Sum|
|Loss of One Hand or One Foot and Sight in One Eye||100% of the Principal Sum|
|Loss of Speech and Hearing (in both ears)||100% of the Principal Sum|
|Loss of Thumb and Index Finger of the Same Hand||25% of the Principal Sum|
|Loss of all the Toes of the Same Foot||20% of the Principal Sum|
See SPD, SBC, brochures, flyers and/or policy contract for full detail. Final rates can fluctuate a few cents on your paycheck. The benefit highlights and summaries are not an official outline of coverage.