Life and AD&D Benefits

Alphapointe provides you with basic Life and AD&D insurance at no cost to you. The benefit is a flat amount for term life insurance, depending on your classification. Alphapointe also provides a benefit to spouses and children at no cost to you.

For more information or to see plan documents contact Human Resources.

Employee	Benefit Amount	Max Benefit	Guaranteed Issue	Min Benefit
Class 1	2X Annual Salary	$200,000	$200,000	$10,000
Class 2	$25,000	$25,000	$200,000	$25,000


Reduction Schedule	At age 65 benefits reduce to 65%: At age 70+ benefits reduce to 50%

Dependent	Spouse Benefit	Spouse Max Benefit	Child Benefit 14 days to 6 mos.	Child Benefit 6 mos. to limiting age
Class 1	$25,000	$25,000	$10,000	$10,000
Class 2	$7,500	$25,000	$2,500	$2,500


Dependent Spouse and/or Child coverage is only available if the Employee has coverage under this plan. The AD&D Principal Sum amount is equal to the amount of basic term life insurance.

Downloads

Summary of Benefits Class 1

Summary of Benefits Class 2

When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children. Coverage purchased through this plan is offered at a group discounted rate with guaranteed issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.

	Minimum Benefit	Maximum Benefit	Increments	Guaranteed Issue
Employee	$25,000	5X Annual Salary, up to $500,000	$25,000	5X Annual Salary, up to $150,000


Reduction Schedule	At age 65 benefits reduce to 65%: At age 70+ benefits reduce to 50%

	Minimum Benefit	Maximum Benefit	Increments	Guaranteed Issue
Spouse	$5,000	50% of Employee's Benefit, up to $100,000	$5,000	100% of Employee's Benefit, up to $30,000


Dependent Spouse coverage is only available if the Employee has coverage under this plan. Spouse coverage terminates at age 70.

Minimum Benefit

Maximum Benefit

Increments

Guaranteed Issue

Child

$10,000

$20,000

$10,000

From birth to 6 mos.

$500

birth to 14 days

$10,000

14 days to 6 mos.


Dependent Child coverage is only available if the Employee has coverage under this plan.


The AD&D Principal Sum amount is equal to the amount of voluntary term life insurance for employees and eligible dependents.

Downloads

Summary of Benefits

Group Number

CP79

Provided By

Mutual of Omaha

Provider Website

https://www.mutualofomaha.com /

Customer Service

800.655.5142