Basic Life and AD&D
In the event of your death, Life Insurance will provide your family members or other beneficiaries with financial protection and security. Additionally, if your death is a result of an accident or if you become dismembered, your Accidental Death & Dismemberment (AD&D) coverage may apply.
Your Coverage
Paid for in full by the Joint Health Management Board, the benefits outlined below are provided by The Standard:
| Age of Insured | Benefit Amount |
|---|---|
| Less than 25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70+ | $30,000 Regardless of Age |
IRS Regulation: Employees can receive employer paid life insurance up to $50,000 on a tax-free basis and do not have to report the payment as income. However, an amount in excess of $50,000 will trigger taxable income for the “economic value” of the coverage provided to you.
Required! Are Your Beneficiaries Up to Date?
Beneficiaries are individuals or entities that you select to receive benefits from your policy.
- You can change your beneficiary designation at any time (Community property rules may apply. Please refer to plan summary or forms for information.)
- You may designate a sole beneficiary or multiple beneficiaries to receive payment in the percent allocated
- To select or change your beneficiary, fill out the form below.