Accidental Death & Dismemberment (AD&D) Insurance
- Beneficiary Designation Form OR MaineStreet Self-Service Quick Guide
- Prudential Group Life Summary Plan Description (SPD)
For an added measure of financial protection, the University also provides Accidental Death & Dismemberment (AD&D) insurance at no cost to eligible employees. AD&D insurance differs from life insurance in that in addition to protection against death, employees are covered for other life changing injuries such as loss of limbs and loss of sight or hearing. Additional AD&D coverage can also be purchased. The AD&D insurance program is also insured through Prudential.
Basic Accidental Death & Dismemberment (AD&D)
The University of Maine System provides, at no cost to eligible employees, an insurance amount equal to employees' annual salary, rounded up to the next highest $1,000. Employee AD&D insurance benefits are paid to the employee or their designated beneficiary(ies).
When employees are age 70 or more, their amount of insurance is limited to 65% of the amount for which they would then be insured if there were no limitation.
When group term basic AD&D coverage
ends due to termination, resignation, retirement,
etc., there is no option to convert the group
coverage to an individual policy.
The Basic AD&D plan includes:
- Repatriation of Remains Benefit.
- Seat Belt & Airbag Benefit.
Supplemental (Optional) Accidental Death & Dismemberment (AD&D)
In addition to the coverage that the University of
Maine System provides to employees at no cost, eligible employees may
elect to purchase additional AD&D coverage in
increments of $10,000 to a maximum of $350,000. Employees pay for the Optional AD&D insurance at low
group rates through payroll deductions. The
amount elected cannot exceed 10 times the employee's
salary. Employees may purchase either individual or family
coverage. If individual coverage is purchased, employees
will be insured for the amount elected. If family coverage is
purchased, employees' spouses and
dependent children will receive partial coverage.
When employees are age 70 or more, their amount of insurance is limited to 65% of the amount for which they would then be insured if there were no limitation. This amount continues to decrease to a minimum amount of 15% by age 85.
FAMILY COVERAGE
Each family member’s coverage is a percentage of the benefit amount selected.
- If an employee has a spouse, their spouse’s coverage
amount is 60% of the employee's election. - If an employee has dependent children, each child is
covered for 20% of the employee's amount (up to a
maximum of $50,000 per child).
For family coverage, if a family
members passes away, the employee is
automatically named as beneficiary.
SCHEDULE OF BENEFITS
Under the Basic AD&D plan, and if employees
participate in the Optional AD&D plan, they (and
if enrolled for family coverage, their eligible
dependents) are insured for injuries that result
from a covered accident within 365 days as
specified below:
| For the loss of: | Amount Payable: |
|---|---|
| Life | 100% |
| Both hands, feet or sight of eyes | 100% |
| One hand and one foot | 100% |
| One hand or foot and one eye | 100% |
| Speech and hearing in both ears | 100% |
| One hand or foot or one eye | 50% |
| Speech or hearing in both ears | 50% |
| Thumb and index finger of same hand | 25% |
The Optional AD&D plan includes:
- Seat Belt & Airbag Benefit.
Premium Rates for Supplemental (Optional) Accidental Death & Dismemberment Insurance
All costs per $10,000 of coverage
| Coverage | Monthly | Biweekly |
|---|---|---|
Employee Cost |
Employee Cost |
|
| Employee Only | .15 |
.07 |
| Family | .26 |
.12 |
How to calculate the estimated cost of Supplemental AD&D:
- Divide the coverage amount by 10,000
- Multiply the amount in #1 by the appropriate rate above
See Also: Understand Your Pay Stub
Contact Benefits
The above is a brief summary of benefits offered by the University of Maine System. If you have a question about benefits enrollment, call toll-free 866-269-9635 (or 973-3373) or email benefits@maine.edu. Have your Employee ID number for faster service.
Last Updated: October 15, 2010