FORT DEARBORN LIFE INSURANCE
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Group Term Life Insurance Highlights
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Please call with any Questions
1-800-327-1950
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Increased Protection For the Entire Family
The death of a family provider can mean that a family will not only find
itself facing the loss of a loved one, but also the loss of financial security.
With out Group Term Life plan, an employee can achieve peace of mind
by giving their family the security they can depend on. Out plan design
flexibility allows for customisation at competitive rates to meet the needs
of employers and employees.
Term Life with Accidental Death & Dismemberment Insurance
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Features
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Benefits
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Flexible Schedule
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Flat or salary based plan designs Flat ($5,000 imcrements) Salary: 1x, 2x, or 3x basic annual salary Minimum - $15,000 Maximum - $100,000
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24-hour Benefits
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Coverage on and off the job
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- Accelerated Death Benefit - To ease the cost associated with
terminal illness, the Accelerated Death Benefit pays a portion of
the death benefit as a living benefit to insured employees who are
terminally ill. The Accelerated Death Benefit is 0% of the
employee's Group Term Life benefit.
- Waiver of Premium - If an employee is unable to engage in any
occupation as a result of injury or sickness for a minimum of 6
months, prior to the age of 60, premium will be waived until the
employee is no longer disabled or reaches age 65.
- Age Reduction Schedule - Life and AD&D benefits reduce by
35% of the original amount of age 65, further reduce to 50% of the
original amount at age 70, further reduce to 25% of the original
amount of age 75, and further reduce to 15% of the original
amount at age 80. All benefits terminate at retirement.
Accidental Death and Dismemberment (AD&D)
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AD&D - An additional death benefit that pays in the event a covered
employee dies or is dismembered in an accident. The benefit will be paid
according to an AD&D schedule for loss of life, limb, hearing or speech
resulting from a covered accident.
Features
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Benefits
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Matches Term Life benefit choice
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Coverage on and off the job
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Additonal Features
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- Seat Belt and Air Bag Benefit
- Repatriation of Remains*
- Education Benefit for
Dependent Students
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