LIFE AND AD&D
Resources
If you die or suffer an accidental dismemberment, you want to make sure those that depend on you have some financial security. Life insurance and Accidental Death and Dismemberment benefits will award your beneficiaries payment if these instances occur.
BASIC LIFE AND AD&D INSURANCE
- Is provided to all full-time employees at no cost
- Covered at annual base earnings, up to a maximum benefit of $25,000
- Can be converted/ported to an individual policy if within 31 days from the day your insurance is terminated. Contact Human Resources within 7 days of your loss of coverage if you wish to convert/port your coverage.
Refer to your Certificate of Coverage for additional information.
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VOLUNTARY BENEFITS
If you want more protection and a greater sense of financial security, Southwest offers optional life and disability plans for you and your dependents.
- Offer the convenience of payroll deduction for premium payments
- May require Evidence of Insurability at the time you enroll
VOLUNTARY EMPLOYEE TERM LIFE
- Can be purchased in $10,000 increments to a maximum of $500,000
VOLUNTARY DEPENDENT TERM LIFE
This coverage is available to those enrolled in Voluntary Employee Term Life.
- Provides $20,000 of coverage for your spouse, up to age 70 (50% reduction after age 70; coverage terminates at age 80)
- Provides $2,000 of coverage for your children under 6 months
- Provides $10,000 of coverage for your children age 6 months to age 26
- The cost is $4.70 per month regardless of number of dependents covered
VOLUNTARY EMPLOYEE TERM LIFE
CONTRIBUTIONS PER MONTH
| AGE | COST |
| 0 to 24 | $0.50 |
| 25 to 29 | $0.60 |
| 30 to 34 | $0.80 |
| 35 to 39 | $0.90 |
| 40 to 44 | $1.10 |
| 45 to 49 | $1.70 |
| 50 to 54 | $2.90 |
| 55 to 59 | $5.10 |
| 60 to 64 | $6.60 |
| 65 to 69 | $12.70 |
| 70 to 74 | $20.60 |
| 75 to 79 | $33.40 |
Can be converted/ported to an individual policy if your group policy is terminated. Contact Human Resources within 7 days of your loss of coverage.
VOLUNTARY DEPENDENT TERM LIFE
This coverage is available to those enrolled in Voluntary Employee Term Life.
- Provides $20,000 of coverage for your spouse, up to age 70 (50% reduction after age 70; coverage terminates at age 80)
- Provides $2,000 of coverage for your children under 6 months
- Provides $10,000 of coverage for your children age 6 months to age 26
- The cost is $4.70 per month regardless of number of dependents covered
Can be converted/ported to an individual policy if your group policy is terminated. Contact Human Resources within 7 days of your loss of coverage.
VOLUNTARY EMPLOYEE ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D)
- Costs $0.02 per month per $1,000 of coverage
- Can be purchased in $10,000 increments to a maximum of $500,000
DEPENDENT VOLUNTARY AD&D COVERAGE
This coverage is available to those enrolled in Voluntary Employee AD&D
- Provides $50,000 of coverage for your spouse, up to age 70 (50% reduction after age 70; coverage terminates at age 80)
- Provides $10,000 of coverage for your children under the age of 26
- The cost is $1.56 per month regardless of number of dependents if enrolled in Voluntary AD&D
