Life and Accident Insurance

Life Insurance

Basic Term Life

You’re automatically enrolled in company-paid basic term life insurance.

For more details, please click the appropriate link below.

Office Hourly and Salaried Employees

Production Employees

Optional Group Term Life Insurance

Employee Coverage

You can purchase coverage in increments of $10,000, up to a maximum of $1,000,000, capped at eight-times annual earnings.

• New hires: Get the lesser of three times your base salary not to exceed $250,000 — no medical questions asked — when enrolling when first eligible in Optional Group Term Life.
• Current participants: Your current coverage amount can be increased at any time. Evidence of Insurability satisfactory to Reliance Standard Life Insurance Company is required for all increases in coverage amounts.
• Late entrants (did not enroll when first eligible): Evidence of Insurability satisfactory to Reliance Standard Life Insurance Company is required for all coverage amounts. Coverage is not effective until this approval is received.

Spouse Coverage

You can purchase coverage for your spouse in increments of $10,000, up to a maximum of $250,000, not to exceed 100% of the employee total amount of Basic and Optional Group Term Life Insurance. Spouse coverage terminates at age 75.

Child Coverage

You can purchase coverage for your children in increments of $2,500 up to a maximum of $10,000. There are no health requirements for this coverage. Coverage begins from 14 days and continues to age 19, if unmarried. If your child is unmarried, dependent on you and a full-time student, coverage continues to age 26.

Accidental Death & Dismemberment Insurance

Basic AD&D Coverage

You’re automatically enrolled in company-paid Basic AD&D Insurance for an amount equal to your Basic Term Life amount. Basic AD&D pays you and your beneficiary a benefit for the loss of life or other injuries resulting from a covered accident — 100% for loss of life and a lesser percentage for other injuries. Injuries covered may include loss of sight or speech, paralysis, and dismemberment of hands or feet. Basic AD&D benefits are paid regardless of other coverages you may have.

Voluntary AD&D

Voluntary AD&D insurance is an optional benefit that helps protect you against losses due to accidents. You can purchase supplemental coverage for yourself in increments of $10,000, up to $500,000. Benefit amounts over $150,000 cannot be greater than 10 times your annual earnings. If you choose to cover your family, your spouse’s benefit amount will be 50% of yours, or 60% if you have no dependent children. Each of your covered children’s benefit amount will be 15% of yours, or 20% if you have no eligible spouse, subject to a maximum benefit of $60,000.

You may elect to cover your lawful spouse under age 70 and your unmarried dependent children who are under age 19 (or under age 26 if they are full-time students). Children must be dependent upon you for support and maintenance.