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Life and Accidental Death and Dismemberment (AD&D) Insurance

Basic Life and AD&D

Rendr provides Basic Life and AD&D Insurance at no cost to you through UMUM. In the event of your death, our life insurance policy helps provide a general safety net for your beneficiaries. Coverage is $100,000 (reduced by 35% at age 65 and 50% at age 70). AD&D provides another layer of benefits to you or your beneficiary if you suffer from loss of a limb, speech, sight, or hearing loss or if you die in an accident.

Due to IRS regulations, a life insurance benefit of $50,000 or more is considered a taxable benefit. You will see the value of the benefit included in your taxable income on your paycheck and W-2..

Voluntary Life and AD&D

You can purchase voluntary life and AD&D insurance for yourself, your spouse, and/or your dependent children. Your cost for this coverage is based on the amount you elect and your age.

You must purchase voluntary life and AD&D insurance for yourself to buy spouse and/or dependent child(ren) coverage. If you do not enroll in this coverage when you are first eligible, you may be subject to medical underwriting.

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Voluntary Life and AD&D Insurance Benefits
Life and AD&D Insurance Benefits Information
Life Planning Financial & Legal Resources
Life Claim Form
How to file a Unum Benefits Claim
VOLUNTARY LIFE AND AD&D INSURANCE
Coverage Level Benefit Coverage Initially Provided Without Evidence of Insurability
Employee

  Increments of $10,000 up to $500,000
  Benefit Reduction: 35% at age 65: 50% at age 70

   Under age 65: $150,000
  Age 65-69: $50,000
  Age 70+: $10,000
Spouse   Increments of $5,000 up to $250,000; not to exceed 100% of    employee benefit   Under age 65: $25,000
  Age 65-69: $10,000
  Age 70+: $0
Child(ren)   Increments of $1,000 up to $10,000; not to exceed 10% of   employee benefit   $10,000

Designate Your Beneficiary
When you enroll in PrimePay for the first time, you will be prompted to designate a beneficiary(ies). It’s a good idea to review this information each year to ensure it’s up to date.