Group Life And AD&D Insurance
Momentive Software provides all full-time employees with $50,000 in Base Life and Accidental Death & Dismemberment (AD&D) Insurance. This coverage is provided at no cost to you.
Employees may also elect additional Voluntary Life and AD&D insurance on themselves, their spouse, and their dependent children.
Employees who are already enrolled in Voluntary Life insurance can add up to $20,000 in coverage on themselves, and up to $10,000 on their spouse during open enrollment with no medical underwriting required, up to the Guaranteed Issue limits
Voluntary Employee Paid Life and AD&D Insurance
Employees may also purchase additional life and AD&D insurance through Unum. This coverage is available for employees, their spouse and dependent children.
Employees may purchase coverage in increments of $10,000 up to a maximum of $500,000, not to exceed 5 times your annual salary. Spouses may be covered up to 100% of the employee coverage amount. Child life coverage of $10,000 is also available. Coverage must be elected on the employee to elect coverage on your spouse or children. AD&D provides an additional death benefit equal to the amount of coverage elected for an accidental death.
During your initial enrollment with Unum, you may elect up to $250,000 in coverage on yourself, up to $50,000 on your spouse, and $10,000 on dependent children on a guaranteed issue basis. This means no medical underwriting is required, and coverage cannot be denied, regardless of your medical history.
Employees who waive(d) coverage during their initial enrollment but wish to enroll at a later time will be required to answer medical questions, and Unum may decline to provide coverage.
Please use the calculator below to view bi-weekly premiums for employee and spouse Voluntary Life and AD&D coverage.
Group Life And AD&D Insurance Resources
