LIFE AND AD&D
Resources
Basic Life and AD&D Insurance
PCC provides basic life and accidental death and dismemberment (AD&D) insurance equal to 1.25 your base annual earnings at no cost to you with a maximum coverage of $250,000. AD&D pays a full benefit in the event of your death due to an accident, and a portion is paid for serious injury.
Voluntary Life Insurance
In addition to basic life insurance you can choose to purchase voluntary life insurance. AD&D is automatically included in the voluntary life insurance so you’ll need to combine the life and AD&D rates below to get your total monthly rate.
*Evidence of Insurability required for any amount over $25,000.
Employee/Dependent Spouse rate per $1,000
Dependent/Spouse Supplemental Rates
The dependent spouse/child rates are determined by the employees age.
To calculate your monthly premium:
| Steps | Your Calculation |
| 1. Amount Elected: Write the amount of Optional Life you are electing | Line 1: |
| 2. Line 1 divided by $1,000 = Enter this amount in Line 2 | Line 2: |
| 3. Find your rate from the rate table and enter on Line 3 | Line 3: |
| 4. Line 2 multiplied by Line 3 = Your Monthly Cost | Line 4: |
A few items to note:
- The basic life benefit amount and voluntary life amount do not cross accumulate which means an employee could get up to $250k from PCC and then an additional $250k through voluntary coverage depending on their annual salary.
- ADP will do these calculation for you
- Spouses calculation is done by employees age
- Employee must elect voluntary coverage in order to enroll a spouse or children
- The number of children won’t affect the rate or benefit. For example, if you enroll one child or three it’s the same price and each child would get the benefit amount
