Life and AD&D Insurance
Life and Accidental Death & Dismemberment (AD&D) insurance helps protect your loved ones financially if you pass away or experience a serious injury. These benefits can help cover final expenses, pay off debts like credit cards or mortgages, or provide additional financial stability during a difficult time. Even if you’re single, naming a beneficiary ensures someone you care about receives the support. Coverage includes Basic Life and AD&D at no cost to you, with the option to purchase additional Voluntary Life and AD&D insurance for yourself and your family at group rates.
Group Term Life and AD&D
All except KLN in: Bangladesh, Democratic Republic of Congo, Ecuador, Indonesia, Kenya, Uganda.
Basic Life insurance – You receive Basic Life insurance coverage at no cost to you, based on your tenure with WCS, and you do not need to enroll in any other health and protection program. For those with less than 10 years of service, Basic Life insures you for 1x times your basic annual earnings, up to a maximum of $500,000; and for those more than 10 years of service, Basic Life insures you for 2x times your basic annual earnings, up to a maximum of $500,000.
Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).
Group Dependent Life and AD&D
Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.
For your spouse: Up to lesser of 50% of employee amount or $25,000. Guaranteed issue of $25,000.
For your children: 15 days-6 months: $10,000; 6 months-19 years: $10,000; Full-time Students 19 years, but less than 26 years: $10,000
Voluntary Life and AD&D
In addition to Basic Life and AD&D, eligible employees may purchase additional Voluntary Life and AD&D insurance at favorable group rates. Participants pay 100% of the premium.
Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.
- For you: Increments of $10,000 up to $500,000.
Employee/Spouse Cost per $1,000 of Coverage
Employee Age
<30:
30-34:
35-39:
40-44:
45-49:
50-54:
55-59:
60-64:
65-69:
Rate
$0.18
$0.22
$0.31
$0.46
$0.72
$1.16
$1.85
$2.83
$4.32
Basic Life and AD&D
Basic Life insurance – You receive Basic Life insurance coverage at no cost to you, based on your tenure with WCS, and you do not need to enroll in any other health and protection program. For those with less than 10 years of service, Basic Life insures you for 1x times your basic annual earnings, up to a maximum of $500,000; and for those more than 10 years of service, Basic Life insures you for 2x times your basic annual earnings, up to a maximum of $500,000.
Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).