LIFE INSURANCE
Basic Group Life/AD&D Insurance
iSleep provides all eligible employees working 30 hours per week with Basic Life and Accidental Death & Dismemberment (AD&D) insurance through Principal as follows:
Eligible Employee Group(s)
Life Benefit Amount
AD&D Benefit Amount
All Regular Employees
$25,000
$25,000
All guaranteed issue. Your beneficiary will receive the benefit amount in the event of your death. If your death is the result of an accident, your beneficiary will receive an additional amount equal to your Basic Life benefit amount. Coverage is reduced by 35% at age 65. See plan policy for more details. There is no cost to you for these benefits. The life coverage helps ensure that your loved ones will be provided with some financial security, in the event of your death. The Accidental Death & Dismemberment coverage provides additional protection in the event of an accidental death which also covers loss of limb or eye due to an accident. This is an employer paid benefit by iSleep.
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