Home
Life
Life and Accidental Death & Dismemberment (AD&D)

Life and Accidental Death & Dismemberment (AD&D)

Life and Accidental Death & Dismemberment (AD&D) insurance provides important financial protection for you and your loved ones. In the event of your death or a covered accidental injury, your beneficiary(ies) will receive a lump-sum benefit to help cover expenses and provide peace of mind. Neighborly offers Basic Life and AD&D coverage at no cost to you, with options to purchase additional coverage for yourself and your dependents.

How Basic Life Insurance and AD&D Coverage Work

Here’s how these company-paid benefits work, who is eligible, and how to designate your beneficiaries.

Company-paid Basic Life and AD&D Coverage

Basic Life and AD&D insurance is provided for you automatically and at no cost to you. The benefit amount is equal to 1x your basic annual earnings, up to a maximum of $300,000, with a minimum benefit of $25,000. This coverage provides cash support for your designated beneficiaries should you be injured in a covered accident or die.

You Can Purchase More Coverage

In addition to the basic coverage, you have the option to purchase Voluntary Life and AD&D insurance for yourself, your spouse, and your children. If you elect Voluntary Life and Voluntary AD&D, the benefit amounts must be equal.

	Your Coverage Options
For Yourself	1, 2, 3, or 4 times your earnings, up to $1 million in coverage Any benefit amount above $250,000 requires evidence of insurability.
For Your Spouse/DP (Benefit level cannot exceed what you choose for yourself) Important: To enroll in Spouse Life Insurance, you must also be enrolled in Voluntary Associate Life Insurance.	$10,000 $25,000 $50,000 $100,000 (requires evidence of insurability)
For Your Child Important: To enroll in Spouse Life Insurance, you must also be enrolled in Voluntary Associate Life Insurance.	Age: birth through 25 years: $5,000 or $10,000

Your Coverage Options

For Yourself

1, 2, 3, or 4 times your earnings, up to $1 million in coverage

Any benefit amount above $250,000 requires evidence of insurability.

For Your Spouse/DP
(Benefit level cannot exceed what you choose for yourself)

Important: To enroll in Spouse Life Insurance, you must also be enrolled in Voluntary Associate Life Insurance.

$10,000

$25,000

$50,000

$100,000 (requires evidence of insurability)

For Your Child

Important: To enroll in Spouse Life Insurance, you must also be enrolled in Voluntary Associate Life Insurance.

Age: birth through 25 years: $5,000 or $10,000

Guaranteed Issue and Evidence of Insurability

Associates and spouses who elect Voluntary Life and AD&D coverage when first eligible can elect up to the Guaranteed Issue (GI) amount without Evidence of Insurability (EOI). If you request coverage above the GI amount, you will need to provide EOI before the additional coverage becomes effective.

What You’ll Pay for Coverage

Your rate for voluntary life and AD&D coverage depends on the associate’s age.

Associate/Spouse Voluntary Life Rate
	Bi-Weekly Rate per $1,000 (rounded)
Associate Age	Supplemental Life Rates	Supplemental AD&D
<20	$0.028	$0.015
20-24	$0.028	$0.015
25-29	$0.033	$0.105
30-34	$0.044	$0.015
35-39	$0.049	$0.015
40-44	$0.055	$0.015
45-49	$0.083	$0.015
50-54	$0.127	$0.015
55-59	$0.238	$0.015
60-64	$0.365	$0.015
65-69	$0.702	$0.015
70-74	$1.139	$0.015
75+	$1.139	$0.015

Estimate your rate: ____ (Enter the amount of the coverage you are requesting) / 1,000 = ____ x ____ (Enter your rate from the bi-weekly rate table) = ____ (This amount is an estimate of how much you will pay bi-weekly).