Life and AD&D Benefits

Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer-paid benefit, provided at no cost to you. The basic life benefit will be paid to your beneficiaries in the event of your death. The AD&D benefit will be paid in the event of an injury resulting from a covered accident.

SE3 pays for 100% of this benefit
Eligibility	Full-time employees working 30+ hours per week
Benefit Amount	Lump sum of $50,000 in the event of death or certain accidents
Coverages
Basic Life	Beneficiary will receive a set dollar amount in the event of your death while you are covered by the policy
AD&D	Beneficiary will receive an additonal benefit if your death was due to a specified covered accident
Separately, AD&D may also provide a lump sum payment due to certain accidental injuries that don’t result in death

Downloads

Basic Life Summary

When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children. Coverage purchased through this plan is offered at a group discounted rate with guarantee issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.

	Employee	Spouse	Child(ren)
Benefit	In Increments of $10,000 to a maximum of $500,000	In increments of $5,000 to a maximum of $150,000, not to exceed 50% of the employee’s enrolled amount	Flat $10,000*, not to exceed 50% of the employee’s enrolled amount
Guarantee Issue	New Hires: $100,000	New Hires: $30,000	New Hires: $10,000
Age Reductions	At age 65 by 35% At age 70 by an additional 15%	At age 65 by 35% At age 70 by an additional 15%	Benefit Terminates at age 26

Downloads

Voluntary Life Summary

Voluntary Life Rates

Provided By

Principal

Provider Website

https://principal.com

Customer Service

800.986.3343