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Life Insurance
If you have loved ones who depend on your income for support, having life and accidental death insurance can
help protect your family's financial security.
LIFE AND AD&D
Basic Life Insurance pays your beneficiary a lump
sum if you die. AD&D insurance provides another
layer of benefits to either you or your beneficiary if
you suffer from loss of a limb, speech, sight,
hearing, or if you die in an accident. Coverage is
provided by Cigna and is paid in full by Alliant.
Basic Life Amount
2 x base annual earnings up
to a maximum of $200,000
Basic AD&D
Amount
2 x base annual earnings up
to a maximum of $200,000
Notes:
Benefit amount reduces to 65% at age 70; 50% at
age 75.
VOLUNTARY LIFE
Voluntary Life Insurance allows you to purchase
additional life insurance to protect your family's
financial security. Coverage is provided by Cigna.
Employee
Voluntary Life
Amount
Increments of $10,000 up
to $500,000
Spouse Voluntary
Life Amount
Increments of $10,000 up
to $500,000
Child(ren)
Voluntary Life
Amount
Increments of $2,500 up to
$10,000
Notes:
Benefit amount reduces for you and your spouse to
60% at age 75; 35% at age 80; 27.5% at age 85;
20% at age 90; 7.5% at age 95.
VOLUNTARY AD&D
Voluntary AD&D Insurance allows you to purchase
additional accidental death and dismemberment
insurance to protect your family's financial security
in case you suffer from loss of a limb, speech, sight
hearing or if you die in an accident. Coverage is
provided by Cigna.
Employee
Voluntary AD&D
Amount
Increments of $10,000 up
to $500,000 (benefit
cannot exceed 10 x the
employee's base annual
earning for amounts over
$250,000)
Spouse Voluntary
AD&D Amount
Without child coverage:
50% of employee’s principal
amount.
With child coverage: 40% of
employee’s principal
amount.
Maximum of $250,000
Child(ren)
Voluntary AD&D
Amount
Without spouse coverage:
15% of employee’s principal
amount.
With spouse coverage: 10%
of employee’s principal
amount.
Maximum of $75,000
Notes:
Benefits will be reduced to 50% at age 75; and
25% at age 80.