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Life / AD&D Insurance
If you have loved ones who depend on your income for support, having life and
accidental death and dismemberment (AD&D) insurance can help protect your family's
financial security.
Basic 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, or hearing, or if you die
in an accident. The cost of coverage is paid in full by Pacific Southwest Realty Services and is provided by The
Standard.
Eligibility
All Presidents, Vice Presidents and other Members earning $40,000 or more
annually working at least 30 or more hours per week.
Basic Life Amount
$105,000
Benefit Maximum
$105,000
Guaranteed Issue
$105,000
Benefits Will Reduce To
65% at age 65, 40% at age 70; and 25% at age 75. Benefits terminate at
retirement.
Basic AD&D Amount
Same As Life Benefit Amount
Beneficiary Reminder:
Make sure that you have named a beneficiary for your life insurance benefit. It's important to
know that many states require that a spouse be named as the beneficiary, unless they sign a waiver.
Taxes:
Due to IRS regulations, a life insurance benefit of $50,000 or more is considered a taxable benefit. You will see
the value of the benefit included in your taxable income on your paycheck and W-2.
Your Basic Life plan includes:
Accelerated Death Benefit
Portability of Insurance Provision
Repatriation Benefit
Right to Convert Provision
Standard Secure Access account payment option
Waiver of Premium
Your Basic Accidental Death and Dismemberment (AD&D) plan includes:
Air Bag Benefit
Family Benefits package
Seat Belt Benefit
The Life Services Toolkit
The Standard values your life and provides additional support to help you. The Standard helps you with your
Health and Wellness, Identity Theft, Estate Planning, Financial Planning and Funeral Arrangements. If you need
to use the Accelerated Benefit your Beneficiaries have Grief Support, Legal Services, Financial Assistance,
Support Services and Online Resources available to them at no cost.
For more information, visi
t www.standard.com/mytoolkit (USER ID
: Support) or call 800-378-5742.