Protect Your Clan
Life, Accidental Death and Dismemberment (AD&D), and Disability insurance, through Mutual of Omaha, provide financial security to you and your family if you become seriously injured or pass away.
Death, injury, and illness is rarely expected, but being prepared can protect your family from any financial challenges that may follow. Providing economic security is a major consideration in personal financial planning. As an employee, you automatically receive Basic Life and AD&D coverage in the amount of one time your base salary up to a maximum of $500,000. This coverage is provided at no cost to you.
You may choose anyone to be the beneficiary of your Life and AD&D policy in the event of your death or serious injury. Review your beneficiary designation periodically to ensure it reflects your current wishes. You may change your beneficiary anytime in Workday.
Voluntary Supplemental Life and AD&D offer additional coverage at discounted rates. The chart describes the amounts of coverage you can buy for you, your spouse, and your child(ren).
| Benefit Features | Supplemental Life and AD&D Options* | ||
|---|---|---|---|
| Employee | Spouse | Dependent Child(ren) (up to age 26) | |
| Coverage Options | $10,000 increments | $5,000 increments | $5,000 |
| Maximum | $1,000,000 but no more than 5 times annual salary | $250,000 (cannot exceed employee coverage) | $10,000 |
| Guaranteed Issue Amount | 5 times annual salary, up to $500,000 | $50,000 | |
| Guaranteed Issue Period | Within 30 days of benefits eligibility or a qualifying life event | ||
*Evidence of Insurability (EOI) may be required.
Did you know that Mutual of Omaha provides will preparation services? Mutual of Omaha works with Epoq, Inc. to offer employees online will prep tools. In just a few clicks you can complete a basic will or other documents to protect your family and property.
To get started visit: www.willprepservices.com
Use Registration Code: MUTUALWILLS
If you become temporarily disabled and can’t work due to illness or injury, Aristocrat provides you with Short-Term Disability (STD) income coverage. STD gives you income replacement if you are sick or injured and need time off work to recover. The STD plan provides 66.67% of your weekly salary, to a maximum of $2,500 per week for up to 26 weeks of a disability. Benefits begin on the first day you miss work because of an accident, and on the seventh day you miss work because of an illness. You are automatically covered under the STD plan at no cost to you.