Life and AD&D Insurance
Mutual of Omaha
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.
Basic Life and AD&D
Basic Life Insurance pays your beneficiary a lump sum if you die. AD&D (Accidental Death & Dismemberment) coverage provides a benefit to you if you suffer from loss of a limb, speech, sight, or hearing, or to your beneficiary if you have a fatal accident.
Basic Life insures all active employees working 24 hours or more per week for $25,000.
Coverage is provided by Mutual of Omaha and premiums are paid in full by Antelope Valley Medical Center.
Voluntary Life Insurance
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: 1 times annual salary up 5 times annual salary or $650,000. Guaranteed Issue: 5 times annual salary, up to $150,000.
- For your spouse: Increments of $5,000 up to $250,000, not to exceed 100% of employee’s benefit. Guaranteed Issue: 100% of employee’s benefit, up to $25,000.
- For your children: $2,000 minimum up to $10,000 in $1,000 increments, not to exceed 100% of employee’s benefit. (up to age 26) Guaranteed Issue: 100% of employee’s benefit, up to $10,000.
Please review the Plan Documents page for additional information regarding the cost of coverage for this benefit.