Basic Life Insurance and AD&D
You are automatically covered for $15,000 of basic life insurance provided by The Hartford at no cost to you.
- Non-smokers will receive an additional $1,000 benefit.
- $15,000 of Accidental Death and Dismemberment (AD&D) insurance
- $15,000 Seat Belt Benefit may also be payable if you die in an automobile accident.
- The benefit will be paid to your designated beneficiary (ies).
the event of your death, your basic life and supplemental individual life insurance
benefit will be paid to your designated beneficiary. If you choose more than
one beneficiary, you can define the amount paid or a percent paid to each
Primary vs Contingent
An individual cannot be
both a primary and a secondary beneficiary. A primary beneficiary receives 100%
of the designated amount. A contingent beneficiary receives a benefit only if all
of the primary beneficiaries are deceased. You may name more than one primary/contingent
beneficiary and split the designated amount appropriately. If you split the
designated amount, the total must equal 100%.
Naming an Estate or
you are naming an Estate, or Organization as your primary beneficiary you will
be required to provide an Employer Identification Number (EIN), also known as a
federal tax identification number used to identify a business entity. The EIN
should be used in place of the Social Security number (SSN). You can obtain the
EIN from the Trustee of the Estate or the designated Organization.
is important to keep your beneficiary information current. You may change a
beneficiary and/or the designated amount for your current beneficiary by
logging into Louie Self-service and selecting Benefits Summary. Click on the
link (example NAU Basic Life) to edit and/or make changes. Save your changes