Southwest Care Center Open Enrollment Runs from Nov. 11th through Nov. 25th, 2024
Life and
AD&D
Fast find links:
MUTUAL OF OMAHA BASIC LIFE AND ACCIDENTAL DEATH &
DISMEMBERMENT
As a commitment to you and your family, SCC provides at no charge to the team member, basic life insurance along with an accidental death and dismemberment (AD&D) plan through Mutual of Omaha. The coverage is in the amount of 1x your annual salary rounded up to $250,000.
Life Insurance-provides your named beneficiary(ies) with a financial benefit in the event of your death and AD&D provides your named beneficiary(ies) with a financial benefit in the event of a covered accidental bodily injury that directly causes dismemberment. When electing benefits, even if you waive other coverage, you will still elect this employer paid benefit. Important: Don't forget to designate a beneficiary for all applicable plans.
MUTUAL OF OMAHA SUPPLEMENTAL LIFE INSURANCES
For a very low-cost, you may also purchase additional life insurance coverage. The guaranteed amount is up to $100,000. However, you may apply for up to 5x your annual salary up to $500,000. Important: Elections over the $100,000 guaranteed amount will require you to complete an evidence of insurability form. The higher election is subject to approval by Mutual of Omaha. Cost associated with a supplemental life plan is dependent upon your age at the time of election. Rates with increase with your age. Rates will be available within the enrollment platform.
Additionally, you may purchase spousal life insurance coverage up to the amount of the employee coverage purchased which is also subject to Evidence of Insurability (EOI) with the same age rules applying to cost. You also have an option to elect a Child Life Policy which covers all dependent children for one price. This policy is valued at $10,000 per child.