Life and AD&D

A time could come when death or a serious accident keeps you from providing for your family. Group Life insurance and Group Accidental Death & Dismemberment (AD&D) insurance can help protect your family’s finances if something happens to you.

A death might leave your loved ones facing expenses they couldn’t pay without your income. Besides everyday bills, they could run into extra costs for things like final medical care or a funeral. If an accident left you with a serious injury, you might need to pay for special care and modified living arrangements.

How can Life and AD&D insurance help make things easier for the people you care about?

  • Life insurance can be used to help protect the people who depend on your income by paying them an amount of money specified in the policy if you die.
  • AD&D insurance pays an amount of money specified in the policy if a covered accident results in your death or a severe physical loss, such as a hand, a foot or your eyesight.

These benefits can help pay for things like the mortgage, college tuition, child-care costs or daily living expenses. Usually, employers offer these two types of insurance together, but not always. Check with your employee benefits manager about the options provided by your employer.

Key Features
If you change jobs, you may qualify to continue your coverage
If you’re totally disabled, you may qualify to have your Life premium payments waived for a specific period of time
If you have a terminal illness, you can apply for a portion of Life insurance funds early
Your family members may be eligible for a Higher Education, Child Care or Career Adjustment benefit if you die as a result of an accident

Over half of American households lack enough emergency savings to cover three months of expenses.1

Watch a video about how Life insurance can help provide more financial security for your family.

 

Watch a video about Accidental Death and Dismemberment insurance and how it can help protect the people you love from financial loss.

 

Examples of How Our Life and AD&D Coverage Can Help
Life insurance benefit
Life Insurance Benefit
Karen's Husband
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Karen’s Husband2

Karen's husband died while they were on vacation abroad. The loss devastated her family, but the Life insurance coverage he had through his employer made handling planned and unplanned expenses easier.

The $200,000 Karen received helped her pay for:

  • Funeral expenses
  • Remaining mortgage
  • Credit card and auto loan debt
  • Transporting remains to the mortuary
  • Living expenses for six months

 

Check with your employer to see if your employer’s policy from The Standard includes these benefits.

Car accident
Life and AD&D Benefits
Javier's Wife
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Javier’s Wife2

Javier’s wife had a fatal car accident on her way to work, even though she was wearing a seat belt and the car’s airbag deployed. The death left Javier in shock. But because his wife had Life and AD&D insurance through her employer, and because the death was the result of a covered accident, Javier received:

  • $100,000 in Life insurance coverage (helped pay off mortgage)
  • $100,000 in AD&D coverage (helped pay off mortgage)
  • $10,000 AD&D Seatbelt benefit (helped pay for funeral expenses)
  • $5,000 AD&D Airbag benefit (helped pay for funeral expenses)
  • $10,000 AD&D spouse Career Adjustment benefit (reimbursed Javier for classes he took to increase his earnings following his wife's death)

 

Check with your employer to see if your employer's policy from The Standard includes these benefits.

Accidental death and dismemberment benefit example
AD&D Benefit Only
Khalid's Wife
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Khalid’s Wife2

After his wife died in a skiing accident, Khalid and his daughter were grief-stricken. His wife was insured through her employer’s Group AD&D, and because the death was the result of a covered accident, the AD&D policy paid Khalid:

  • $100,000 AD&D benefit (helped pay off an auto loan and credit card debt)
  • $20,000* Higher Education benefit (reimbursed some of his daughter's college tuition)

 

* Amount paid over four years

Check with your employer to see if your employer's policy from The Standard includes these benefits.

Help Protect Your Family’s Finances

Being ready for difficult times is an important piece of the financial planning puzzle. Life and AD&D insurance can help strengthen your family’s economic security. You may also be able to add more coverage for yourself or buy it for your spouse or children, even if your employer already provides a plan.

Estimate Life insurance needs

How Much Life Insurance Do I Need?

Figure out the amount of Life insurance to help your loved ones maintain their lifestyle.

Life Services Toolkit
Life Services Toolkit
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Your Life insurance may include tools you can use right now on the Life Services Toolkit website. Use the site’s online resources to help with will preparation, as well as funeral, legal and financial planning. In addition to the online tools, your beneficiaries receive grief, legal and financial counseling in the year after your death.

 

Not available with products offered by The Standard Life Insurance Company of New York.

Travel Assistance
Travel Assistance
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Your Life coverage may come with Travel Assistance. You can use this service right now to prepare for trips — and also for help while traveling. If an illness, accident or lost item disrupts a trip, Travel Assistance can offer support for finding medical and legal services and replacing lost credit cards and passports. With an injury that’s serious enough to end your trip, this service can help with transport back to the United States for further treatment. Travel Assistance can be there for you around the clock and around the world. Check with your employer to see if you have this service with Standard Insurance Company.

 

Not available with products offered by The Standard Life Insurance Company of New York.

AD&D Occupational Assistance
AD&D Occupational Assistance
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Occupational Assistance* is a valuable service that may come with your policy. The support it provides can help you return to work after a serious accident. The goal: helping you resume the position you have with your current employer. If that’s not possible, we’ll try to help you transition to a new job.

 

*Benefit limited to dismemberment.

Not available with products offered by The Standard Life Insurance Company of New York.

Help Protect the People Who Depend on You

Talk to your employee benefits manager about your Life and AD&D insurance options now.