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

Provides a lump sum payment to beneficiaries in the event of the death of the insured. 

 

Life Insurance Coverage Options

  • 1.5 times regular annual budgeted salary

  • 3 times regular annual budgeted salary

  • 4.5 times regular annual budgeted salary

  • $2,250,000 maximum amount of coverage

 

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.

This page last updated Tuesday, September 17, 2019. For information on the adoption and effective dates of policies please see explanation on the OLPM Main Menu.