Here's the coverage you receive as part of your benefits plan:
Insurance type
Amount of insurance
Basic life
$50,000
Short-term Disability (STD)
100% of Benefits Salary (first 12 weeks)
Long-term Disability (LTD)
75% of first $36,000 of Benefits Salary; 45% of remainder
What are the differences between these types of insurance?
Interested in buying more life insurance but worried you may be declined? If you have a family history of serious illness, buying optional life insurance through your group benefits plan may be a great option for you. Would you like to buy optional life insurance for your family?
