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Health & Welfare: Group Voluntary Accidental Death and Dismemberment (AD&D)
The State Farm Group Voluntary Accidental Death & Dismemberment Plan (AD&D) helps protect against the loss of life or certain bodily injuries resulting from covered accidents. This coverage provides financial protection for accidents sustained on or off the job, anywhere in the world, in which accidental death, loss of sight, loss of use and /or dismemberment occurs.
The plan offers coverage for you and your eligible dependents. In addition, the Accidental Death & Dismemberment Plan also covers you (the employee only) for permanent and total disability resulting from an accident.
The Group Voluntary AD&D Plan is separate coverage from the AD&D coverage under the Employee Group Life Insurance Plan. You may purchase Group Voluntary AD&D coverage for yourself and eligible dependents. You are responsible for the entire cost of this coverage.
There are some major differences between the AD&D coverage under the Employee Group Life Insurance Plan and the Group Voluntary AD&D Plans. For example, the amount of coverage offered through the Employee Group Life AD&D is based on your base pay, but with Group Voluntary AD&D you select one of three coverage amounts for yourself — $80,000, $160,000 or $320,000. You have the ability to adjust your coverage amount during the Annual Enrollment Period without evidence of insurability. Your new coverage selection will become effective the following January 1.
Secondly, spouse coverage is not available under Employee Group Life AD&D, but your spouse can be covered under Family Coverage or individually under Spouse Voluntary AD&D. Under Family Coverage, your spouse is covered for an amount equal to 40 percent of your benefit amount. Under Spouse Voluntary AD&D, you can select one of the three coverage amounts — $80,000, $160,000 or $320,000.
Similarly, child coverage is not available under Employee Group Life AD&D, yet your children can be covered under Family Coverage. The amount of coverage is equal to 5 percent of your benefit amount or 10% if no spouse is covered. Please note, if both you and your spouse are State Farm associates, you are not eligible for duplicate coverage. You may not cover each other and/or your children under both plans.
Enrollment in any State Farm plan is optional, but it's important you understand that if you fail to enroll in the Voluntary Group Accidental Death & Dismemberment Plan and change your mind at a later date, you may have to wait until the next Annual Enrollment Period to enroll. Your coverage will be effective the following January 1.
State Farm encourages you to review your benefit options carefully and make informed decisions.
This brief overview of the State Farm Group Voluntary Accidental Death and Dismemberment Plan is not intended to be a complete explanation of plan features. For more detailed information, please refer to the online Human Resources Policy Manual for U.S. employees.