Life and AD&D

Life insurance provides a lump sum payment to your beneficiaries (whom you select) in the event of your death. As a benefit-eligible employee of XYZ Company, you are provided with term life insurance and AD&D insurance equal to your annual salary, to a maximum of $200,000. There is no cost to you for this valuable benefit; the cost for these coverages is paid in full by XYZ Company.

Life insurance provides a lump sum payment to your beneficiaries (whom you select) in the event of your death. XYZ Company offers a voluntary plan that offers a coverage amount upto $500,000. This plan is optional and paid for by you.