Seguro de vida y seguro por muerte accidental y por desmembramiento
Dexter provides basic life coverage at no cost to you, and you can buy more for yourself and your family.
Basic life and AD&D is automatic — you do not need to enroll and you do not pay for it. Voluntary coverage is optional, purchased at discounted group rates through payroll deduction on a post-tax basis.
Basic life and AD&D, Dexter-paid
Coverage exceeding $50,000 is considered imputed income. Any amount over $50,000 must be included as income and is subject to Social Security and Medicare taxes, which may be reflected in your paycheck.
| Classification | Beneficio |
|---|---|
| Non-union hourly | $50,000 |
| Salaried | 1.5× your base annual salary, up to a maximum of $1,000,000 |
Voluntary life and AD&D
You must cover yourself to purchase voluntary life for your spouse or child(ren).
| Employee | Spouse* | Dependent child(ren)* | |
|---|---|---|---|
| Coverage increments | $10,000 | $5,000 | Under 14 days: $1,000 Over 14 days: increments of $2,000 |
| Maximum | The lesser of $1.25 million or 5× your base annual earnings | The lesser of $250,000 or 50% of your coverage amount | $10,000 |
| Guaranteed issue amount | $200,000 | $50,000 | $10,000 |
| Guaranteed issue period | Within 30 days of benefits eligibility | Within 30 days of benefits eligibility | Within 30 days of benefits eligibility |
*You must cover yourself to purchase voluntary life for your spouse or child(ren).
What is Evidence of Insurability?
Evidence of Insurability (EOI) is the process of providing health information to qualify for certain coverage. If you elect voluntary life and AD&D above the guaranteed issue limit, or after the guaranteed issue period, you will need to submit a health questionnaire — and in some cases a physical exam. The carrier reviews it and notifies you of the decision directly.
Name Your Beneficiary
The person you name as your beneficiary receives your coverage amount if you pass away. Review or update your beneficiary designation at any time in ADP. It takes a few minutes and it is the single most important thing you can do with this benefit.
Contacto:
Documentos relacionados:
- Term Life & AD&D Summary:
Salaried | Hourly | Union - Life Certificate Booklet:
Group 1 (Salaried) | Group 2 (Hourly) | Group 3 (Plant 12 Union)