charting your course
life and ad&d insurance
Your PUD buys life and AD&D insurance coverage for you automatically.
You decide if you want to purchase additional life and/or AD&D insurance coverage.
The journey starts here!
During benefits open enrollment you can buy additional life insurance (up to $200,000) without medical questions asked. You can bump it up by another $20,000 if you are already purchasing $200,000.
first: learn the terms
Basic Coverage: Your PUD buys life and AD&D insurance coverage for you automatically. In the event you die in an accident (work or non-work related), your beneficiaries receive the value of both life and AD&D insurance.
Additional Life Insurance: You can buy additional life insurance during open enrollment. Coverage exceeding the guaranteed issue amount is subject to approval. Life insurance amount is paid to your beneficiaries if you die of natural causes or due to an accident.
Additional AD&D Insurance: You can buy additional AD&D insurance and are always guaranteed coverage. AD&D insurance amount is paid to your beneficiaries in the event you die in an accident.
Guaranteed Issue: You are guaranteed life insurance coverage up to $200,000 without medical questions asked if you enroll during open enrollment (additional $20,000 if you already by $200,000). Higher amounts are subject to proof of good health and approval.
second: COMPARE THE PLANS
THIRD: Crunch Numbers
Download the Life & AD&D Calculator to calculate life insurance premiums based on the coverage amount and age; AD&D insurance premiums based on the coverage amount.
fourth - arriving at the best decision for you
You determined coverage paid by your PUD and estimated the cost for additional life and AD&D insurance but are still unsure? Here are a few questions you may want to ask yourself:
Is the coverage amount (1x my annual base wages) enough to take care of my family?
Do I have a condition that would prevent me from being approved outside of group life insurance?
Do I have other coverage and how much am I paying for that coverage?