Life Insurance

Basic Life and AD&D Insurance
Employer-sponsored basic life and accidental death & dismemberment (AD&D) insurance provides financial protection for those who depend on you for financial support. Symetra Life Insurance Company provides the life, AD&D, disability and EAP policies to ICSO H&W participating employers.

Employee Basic Life

• Employer-sponsored basic life insurance
• Employer selects benefit level of either 1x annual salary or 2x annual salary
• Minimum benefit = $5,000
• Maximum benefit = $600,000
• Guarantee issue, no medical questions
• Competitive premiums
• Two (2) levels available for retiree life insurance: $5,000 or $10,000

Employee Basic Accidental Death & Dismemberment

• Employer-sponsored AD&D insurance
• Benefit level equal to chosen Employee Basic Life amount
• Minimum benefit = $5,000
• Maximum benefit = $600,000
• Guarantee issue, no medical questions

Dependent Basic Life

• Employer-sponsored dependent life insurance
• Spouse benefit: $10,000
• Child(ren) benefit: $ 1,000 for each dependent child aged 6 months to age 19, or to age 25 if a full-time student ($250 benefit from 14 days to 6 months)

Supplemental Life Insurance

In addition to the employer-sponsored basic life insurance, employees can be given the opportunity to purchase additional life insurance for themselves and/or eligible dependents.

Employee Supplemental Life Insurance

• Policy amounts available = 1x, 2x, or 3x base salary
• Employee maximum amount = $600,000
• Guarantee issue amount (available upon initial hire only) = $250,000
• Employees can increase supplemental life amounts during open enrollment periods but may be subject to Evidence of Insurability
• Combined basic and supplemental life insurance amounts cannot exceed an overall maximum of $1,200,000

Dependent Supplemental Life Insurance

• Spouse policy amounts
  • Policy amounts starting at $5,000, available in $5,000 increments
  • 50% of employee supplemental life benefit, up to $300,000
  • Guarantee issue amount (available upon employee initial hire only) = $30,000
• Benefits are available for all eligible children
  • For ages 14 days to 6 months = $250
  • Age 6 months to 19 years (25 if full time student) = $10,000
  • Policy amount is effective for each individual child