Life and AD&D Insurance
The Voluntary Life insurance plan offered with our group policy includes both Life and Accidental Death and Dismemberment (AD&D) insurance. Life insurance provides a financial benefit to designated beneficiaries in the event of an insured's death. AD&D insurance provides specified benefits for a covered accidental bodily injury that directly causes dismemberment (e.g., the loss of a hand, foot, or eye). In the event that death occurs from a covered accident, both the Life and the AD&D benefit would be payable.
|Insurance Carrier||The Standard Insurance Company|
|Policy Term||January 1 to December 31|
|Premium Payment||Monthly via Credit Card or ACH, no invoice of premium|
|Effective Date||January 1, 2015|
|Hours Requirement||Minimum 30 hours per week of cantorial work for a single employer|
|Insurance Benefit||Minimum $10,000 up to $500,000 maximum|
|Spouse, Dependent Coverage||Yes, optional|
|Enrollment and Change Form||Required to enroll|
|AutoPay Enrollment Form||Required to enroll|
|Medical History Statement Form||Required to enroll after the first 31 days of ACC membership and/or benefit amounts above $150,000|
ACC members who work 30 hours or more per week for a single employer are eligible to enroll.
New ACC members must enroll within the first 31 days of ACC membership for guarantee issue of up to a $150,000 benefit. Increments above $150,000 to a maximum of $500,000 benefit require a Medical History Statement Form and are subject to insurance carrier approval. The minimum amount that can be elected is $10,000.
Existing ACC members may enroll at any time. Insurance is available in increments of $10,000, up to the maximum benefit of $500,000. Submission of a Medical History Statement Form is required and is subject to insurance carrier approval.
Please read the Benefits At a Glance and Summary Plan Description for the Voluntary Life and AD&D insurance, complete the required enrollment forms and return to Group Benefit Associates in Chicago. To remain eligible for these benefits, you must be working a minimum of 30 hours per week. Please notify GBA if your eligibility should change in the future.