Provided through Unum
Accidental Death and Dismemberment (AD&D) insurance provides a benefit to you in the event of certain injuries resulting from an accident or to your beneficiary in the event of your accidental death. This coverage can provide valuable peace of mind and financial protection for you and your loved ones.
You are automatically enrolled in company-paid Basic AD&D Insurance. If you want additional coverage, you can choose Voluntary AD&D Insurance as a new hire and during Open Enrollment through the Alera Benefits Center.
Basic AD&D Insurance
The basic coverage provides a benefit equal to one times your annual earnings, with a minimum benefit of $50,000 and a maximum benefit of $200,000.
You are automatically enrolled in this coverage, but it’s important to designate your beneficiary through the Alera Group Benefits Center.
Voluntary AD&D Insurance
You can purchase Voluntary AD&D Insurance for you, your spouse/domestic partner and your dependent children as a new hire and during Open Enrollment. You pay for this coverage through after-tax payroll deductions. You can find your costs when you enroll through the Alera Group Benefits Center.
| Voluntary Coverage | Amount Options |
|---|---|
| For colleagues | $10,000 increments up to $1,000,000 |
| For spouses/domestic partners | $10,000 increments up to $500,000 (cannot exceed 50% of the colleague’s coverage amount) |
| For children (one policy covers all dependent children) | 6 months to age 26: $10,000 or $20,000 14 days to 6 months: $1,000 |
Additional Details
- When you reach age 70, the basic and voluntary benefit amounts reduce by 50%.
- When you leave Alera Group, you’ll receive information from Unum about continuing your coverage through portability options.