Accidental Death and Dismemberment Insurance

Additional resources regarding our accidental death and dismemberment insurance

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Carrier: Assurity Life Insurance | 800.869.0355

Accidental Death & Dismemberment (AD&D) insurance helps protect covered participants against financial losses due to accidents. A covered accident is a sudden unforeseeable event that results in injury or death and that occurs while coverage is in force. You may also add spouse and/or child coverage. Spouse coverage is available at the benefit amount you elect for yourself or less. By electing child coverage, all children are covered for one set fee, and each child is insured independently for 10% of the benefit amount. Voluntary AD&D premiums are deducted from your pay after-tax.

Monthly Premiums

Benefit

Amount

Monthly Cost

Children - 10% Coverage

$250,000

$10.00

$2.00

$200,000

$8.00

$1.60

$150,000

$6.00

$1.20

$100,000

$4.00

$0.80

$75,000

$3.00

$0.60

$50,000

$2.00

$0.40

$25,000

$1.00

$0.20

Note: Associate, spouse, and child coverage cannot have differing benefit amounts.

UBT pays $2.50 per month toward AD&D coverage for officers.

Severe Accidents

To help survivors of severe accidents adjust to new living circumstances, benefits are payable for paralysis, dismemberment, and loss of eyesight, speech, or hearing according to the chart below:

 

If, within 365 days of a covered accident and while you are covered by the policy, bodily injuries result in:

% of the

Principal Benefit amount:

Loss of life, both hands or both feet, sight of both eyes, speech and hearing, one hand and one foot, one foot and sight of one eye, one hand and sight of one eye, Quadriplegia (total and irreversible paralysis of both upper and lower limbs)

100%

Paraplegia

(total and irreversible paralysis of both lower limbs)

75%

Sight of one eye, speech or hearing, one hand or one foot,

Hemiplegia (total and irreversible paralysis of upper and lower limbs on one side of the body)

50%

Thumb and index finger of one hand, Uniplegia

(total paralysis of one limb)

25%

Note: If the same accident causes more than one of these losses,

only the largest applicable benefit amount will be paid.

 

Benefit Reductions

When you reach the age of 70, your benefits will be reduced to 65% of the benefit amount selected; at age 75 reduced to 45%; at age 80 reduced to 30%; and at age 85 reduced to 15%. Coverage for your spouse ends when you, the associate, reach age 70.

 

To update your life insurance beneficiary designations, please go to UKG on the Intranet and navigate to Myself > Benefits > Manage My Benefits.