Page 21 - Willscot I Mobile Mini Open Enrollment Guide

Life and Accidental Death and Dismemberment Insurance
The loss of income that results from an unexpected death can create significant strain for your family at an already difficult time. Life and Accidental Death and Dismemberment (AD&D) insurance provides important financial protection for your family.
Key Words to Know:
Accidental Death & Dismemberment Insurance: Pays a benefit upon the accidental death of an insured
person; also provides benefits for certain covered accidental dismemberments
Beneficiary: Person or legal entity designated as the recipient of benefits from life or AD&D insurance
Evidence of Insurability (EOI): Statement of health proving a person’s eligibility for certain amounts of coverage
Guaranteed Issue: An amount of insurance that does not require evidence of insurability Life Insurance: Pays a benefit upon the death of an insured person
Employer-Paid Term Life and AD&D Insurance
The Hartford
Your employer provides you with a base level of employee term life and AD&D insurance at no cost to you. This coverage provides a benefit of 1.5 times your salary, rounded to the next higher $1,000, up to $500,000.
Optional Employee-Paid Term Life and AD&D Insurance
The Hartford
*Benefit reduction due to age may apply. Review plan documents for additional details.
**If Family AD&D coverage is elected, dependent benefits are a portion of employee benefits.
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.
Employee Term Life
Employee AD&D
Spouse/Domestic Partner Term Life
Child Term Life
Elect in $10,000 increments, up to lesser of six times your annual salary or $600,000*
Elect in $10,000 increments, up to lesser of six times your annual salary or $600,000**
Elect in $5,000 increments, up to $100,000, not to exceed 100% of employee coverage
Elect in $5,000 increments, up to $15,000
Coverage is $1,000 for ages 14 days to 6 months Coverage ends at age 26
EVIDENCE OF INSURABILITY:
EOI is required for all late entrants as well as any existing participants that wish to increase their multiple of salary or increment even if the increase is under the Guaranteed Issue amount.
SELECT A BENEFICIARY:
Choose a beneficiary to receive the policy’s benefit payment in the event of the insured person’s death. The employee is automatically listed as the beneficiary for dependent coverage.
www.mercermarketplace.com/willscotmobilemini
Copyright 2021 Mercer Health & Benefits LLC. All rights reserved. 21