Survivor Benefits
Life insurance and survivor benefit protections for your beneficiaries through Mutual of Omaha.
Survivor Benefits
Basic Life & AD&D
| Feature | Details |
|---|---|
| Life Coverage | Amount of annual salary up to $1,000,000 |
| AD&D Benefit | Equal to basic life insurance amount - pays in addition to life insurance if death caused by accidentPays percentage of benefit for covered dismemberment |
| Employee Cost | $0 - automatic coverage for all full-time and part-time benefits eligible employees |
| EOI Required | No - coverage is automaticMust designate a beneficiary |
Life Coverage
DetailsAmount of annual salary up to $1,000,000
AD&D Benefit
DetailsEqual to basic life insurance amount - pays in addition to life insurance if death caused by accidentPays percentage of benefit for covered dismemberment
Employee Cost
Details$0 - automatic coverage for all full-time and part-time benefits eligible employees
EOI Required
DetailsNo - coverage is automaticMust designate a beneficiary
Age Reduction Schedule
| Age | Reduction |
|---|---|
| Age 65 | reduces by 35% |
| Age 70 | reduces by 45% |
| Age 75 | reduces by 70% |
| Age 80 | reduces by 80% |
Age 65
Reductionreduces by 35%
Age 70
Reductionreduces by 45%
Age 75
Reductionreduces by 70%
Age 80
Reductionreduces by 80%
Coverage amounts reduce at these ages.
Basic Life & AD&D Notes
- Coverage is automatic even if not enrolled in other benefits
- Beneficiary designation required
Voluntary Coverage
| Coverage | Details |
|---|---|
| Voluntary Employee Life | Yes – voluntary life insurance available for additional coverage. |
| Voluntary AD&D | Yes – voluntary AD&D available for additional coverage. |
Voluntary Employee Life
DetailsYes – voluntary life insurance available for additional coverage.
Voluntary AD&D
DetailsYes – voluntary AD&D available for additional coverage.
Mutual of Omaha (Life/CI/Accident)
Group: G000AK86