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https://aptia365.com/horacemann 20 Copyright 2024 Aptia Insurance Services Group, LLC. All rights reserved.Life and Accidental Death and Dismemberment (AD&D) insurance can provide important financial protection for your family.Madison National LifeEmployer-Paid Term Life and AD&D InsuranceYour employer provides you with a base level of employee term life and AD&D insurance at no cost to you. Imputed Income applies after the first $50,000 of coverage. This coverage provides a benefit of one times your salary, with a minimum of $50,000 and a maximum of $250,000.Additional Employee-Paid Term Life and AD&D InsurancePlan DetailsEmployee Term Life* Elect in $25,000 increments, up to the lesser of $500,000 or 6x your salaryEmployee AD&D Elect in $25,000 increments, up to $250,000Spouse/Domestic Partner Term Life Elect in $10,000 increments, up to $20,000Child Term Life%u2020 Elect in $5,000 increments, up to $10,000.Coverage ends at age 26*Benefit reduction due to age may apply. Review plan documents for additional details.**You may elect Optional AD&D coverage for yourself, or for yourself and your family. If Family AD&D is elected, dependent coverage is a portion of employee coverage and all of your eligible dependents are covered under one rate. No EOI is required for Optional AD&D coverage.%u2020All eligible children are covered for Child Term Life.This coverage is tied to your employment and typically ends if you leave your employer. However, you may be offered the opportunity to retain coverage on your own with the same insurance carrier.Evidence of Insurability (EOI):Life insurance amounts over guaranteed issue coverage may require a statement of health and approval from the insurance carrier. After electing coverage, you will receive more information.Don%u2019t Forget to Select a Beneficiary!Choose a beneficiary to receive the policy%u2019s benefit payment in the event of the insured person%u2019s death. The employee is automatically listed as the beneficiary for dependent coverage.Life and Accidental Death and Dismemberment Insurance