{"id":5459,"date":"2020-10-20T00:59:29","date_gmt":"2020-10-20T00:59:29","guid":{"rendered":"https:\/\/iherbbenefits.com\/?page_id=5459"},"modified":"2026-03-04T21:07:50","modified_gmt":"2026-03-04T21:07:50","slug":"life-add","status":"publish","type":"page","link":"https:\/\/iherbbenefits.com\/life-add\/","title":{"rendered":"Life & AD&D"},"content":{"rendered":"\t\t
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Life and AD&D<\/h1>\n

Basic Life and Accidental Death & Dismemberment (AD&D)<\/h2>\n

Providing economic security for your family if you pass away, become disabled, or experience an injury or illness is a major consideration in personal financial planning. As an employee, you automatically receive Basic Life and AD&D coverage in the amount of two (2) times your base salary up to $500,000 (subject to reduction based on age). This coverage is provided at no cost to you.<\/p>\n

Don\u2019t forget to update your beneficiary designation if you experience a life change.<\/p>\n

Voluntary Life and AD&D<\/h2>\n

Voluntary Life and AD&D offers additional financial protection. If you elect Voluntary Life and AD&D for yourself, you may also elect to purchase coverage for your spouse and eligible dependent children. New hire employees receive guaranteed issue coverage up to $100,000. Spouses receive guaranteed issue coverage up to $50,000. For any amount over these limits, an Evidence of Insurability form must be completed.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Plan Provision<\/strong><\/th>\nNew York Life \u2013 Voluntary Life and AD&D<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Benefit Amount<\/strong><\/td>\n<\/tr>\n
Team Member<\/b><\/td>\n$10,000 increments up to a maximum of $500,000<\/td>\n<\/tr>\n
Spouse<\/b><\/td>\n$5,000 increments up to $500,000
\n(Coverage ends at age 70)<\/td>\n<\/tr>\n
Child(ren)<\/b><\/td>\nBirth to 6 months $500
\n6 months to 26 years: $2,000 increments between $2,000 up to $10,000<\/td>\n<\/tr>\n
Guaranteed Issue<\/strong><\/td>\n<\/tr>\n
Team Member<\/b><\/td>\n$100,000<\/td>\n<\/tr>\n
Spouse<\/b><\/td>\n$50,000<\/td>\n<\/tr>\n
Child(ren)<\/b><\/td>\n$10,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*Evidence of Insurability (EOI) may be required.<\/i><\/p>\n

What Is EOI?<\/h3>\n

Evidence of Insurability (EOI) is the process of providing health information to qualify for certain types of insurance coverage. If you elect voluntary Life and AD&D coverage above the guaranteed issue limit or after the guaranteed issue period, you will be required to submit a health questionnaire (in some cases, a physical exam may be required). Your questionnaire will be reviewed by the carrier and you will be notified of their decision directly.<\/p>\n

New York Life Special Programs<\/h2>\n

Secure Travel Program<\/h3>\n

Call 888-226-4567<\/strong> or visit Survivor Assurance<\/a> for more information.<\/p>\n

Beneficiary Program and Survivor Assurance<\/h3>\n

Visit Survivor Assurance<\/a> for more information.<\/p>\n

My Secure Advantage<\/h3>\n

Call 888-724-2262<\/strong> or visit My Secure Advantage<\/a> for more information.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Quick Links<\/h2>\r\n