Provides a lump sum payment to beneficiaries in the event of the death of the insured.
Life Insurance Coverage Options
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1.5 times regular annual budgeted salary
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3 times regular annual budgeted salary
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4.5 times regular annual budgeted salary
Additional AD&D Life Insurance Provision
Provides a lump sum payment, equal to life insurance option selected, if death or dismemberment of the insured is the direct result of an accident plus $25,000 AD&D.