Plan Options: Basic Life and AD&D Insurance, Voluntary Life and AD&D Insurance
Life insurance can provide income protection for you and your family. Some coverage is provided automatically to you at no cost. Other supplemental coverage is available to purchase based on your needs. Consider your life and accidental death and dismemberment coverage options carefully, as these benefits greatly enhance your financial well-being by providing financial support to those who depend on you.
Designate a Beneficiary
In the event of your death, UNUM would pay your Life and AD&D policy to your beneficiaries. Designate your beneficiary for your Basic Life and AD&D insurance, as well as any Voluntary Life insurance. You may change this designation at any time. You are automatically the beneficiary on your Spouse and/or Child Life policy.
Life and accidental death and dismemberment (AD&D) insurance provides financial protection for those who depend on you for financial support. Upon your death, your designated beneficiary will receive the life benefit. If you die as a result of an accident, your beneficiary will receive both the life and AD&D benefits.
(866) 679-3054 | unum.com
 |
Life Insurance |
Basic Life and Accidental Death & Dismemberment (AD&D) Insurance
Aleknagik Natives Limited provides each employee with $50,000 of Life and with $50,000 of AD&D insurance as part of your core benefits. This coverage is completely free to employees — Aleknagik pays the premiums. Additionally, you have the option to convert your coverage if you retire, lose eligibility, or terminate your employment. There is an age reduction schedule starting at age 70. This benefit is provided through UNUM.
Voluntary Life Insurance
Aleknagik Natives Limited offers Voluntary Life for you and your dependents, which can be purchased through UNUM. This option gives you the advantage of purchasing life insurance at affordable group rates. It is not a pre-tax benefit option. Premiums are paid with after-tax dollars through an automatic payroll deduction from your paycheck. This coverage is completely voluntary.
You may purchase additional coverage in increments of $10,000, not to exceed five times your annual salary or $500,000. $50,000 is available without proof of good health. If you wish to elect an amount that is above $50,000, you will need download and complete the Evidence of Insurability (EOI) form. Benefits reduce beginning at age 70.
If you choose to not enroll in Voluntary Life and AD&D insurance for yourself or your spouse and/or children when initially eligible, Evidence of Insurability (EOI) may be required if you choose to enroll in the future, and coverage will not take effect until approved by UNUM.
See enrollment system for Voluntary Life Insurance rates.
Voluntary Dependent Life Insurance
You may purchase spouse coverage in increments of $5,000, not to exceed 100% of the employee’s elected amount, or $500,000. $15,000 is available without proof of good health. If you wish to elect an amount that is above $15,000 for your spouse, you will need download and complete the Evidence of Insurability (EOI) form. Benefits reduce beginning at age 70.
Children’s insurance coverage is for unmarried dependent children from 6 months of age to age 19, or to age 26 if a full-time student in increments of $2,000 up to a maximum of $10,000. Infants from live birth to 6 months of age have a flat benefit of $1,000. Coverage is inclusive for all children. This means that if you have one child or many children, you pay one flat amount; however, each child is covered individually for the coverage amount.
To enroll in Voluntary Spouse and/or Child Life, you must be enrolled in Voluntary Employee Life Insurance. See enrollment system for Voluntary Life Insurance rates.
