VOLUNTARY TERM LIFE & AD&D

What is Voluntary Term Life and AD&D Insurance?

Proceeds can be used to replace lost potential income during working years and help ensure your family's financial goals will still be met; goals like paying off a mortgage, keeping a business running, and paying for college. VTL coverage is included as a part of life insurance benefits and will pay out a lump-sum death benefit in the event you or a covered loved one are killed accidentally or die later as the direct result of an accident. This plan also has a dismemberment benefit which provides an additional lump-sum payment if an insured becomes dismembered in an accident.

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Plan Rules:

• Eligibility: Eligible full-time employees working 20+ hours/week, spouse and children (up to age 26)*

• Coverage through Mutual of Omaha - GROUP NUMBER: G000581A

• Employees who both work at Dougherty can cover each other and their dependents

• Total employee coverage cannot exceed the plan maximums for Employees.

• Dependent coverage may not exceed employee coverage amounts 

• No Health Questions - EVERY YEAR!

• *Child marital status does not impact benefit eligibility

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