Life
You can trust Nippon Life Benefits to protect what's important.
After all, we believe that's what life insurance is all about:
- Employees -- It can mean financial security,
providing beneficiaries with a monetary cushion for the financial
concerns that result after a death.
- Employers -- It's a critical component of any
employee benefits package, key to attracting and retaining their
most valuable resource: Their employees.
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Group Term Life |
Our basic Group Term Life insurance helps to provide financial
security for life's unpredictable events by offering a wide scope
of progressive benefits and features. It provides critically
important benefits at the time of death, as well as offering added
value to employees during their lifetime.
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Accidental Death & Dismemberment (AD&D)
Written only in conjunction with Group Term Life |
Accidental Death and Dismemberment (AD&D) insurance
supplements our basic Group Term Life insurance and is designed
to:
- Provide additional benefits to the employee's beneficiary if
the employee suffers an accidental death
- Pay a benefit directly to the employee if he or she is injured
in an accident
AD&D is written in conjunction with Group Term Life
insurance on a non-contributory basis. These benefits cannot be
converted. AD&D terminates at retirement, or sooner, if the
basic Group Term Life benefit terminates.
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Dependent Life
Written only in conjunction with Group Term Life
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Dependent Life insurance provides benefits at the time of death
of an employee's dependents. Dependents usually are defined as a
spouse, as well as children under the age of 19 who reside with the
employee.
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Supplemental Life
Written only in conjunction with Group Term Life |
Supplemental Life coverage provides an elective benefit for
which the employee pays all or most of the premium. The employer
collects premium through payroll deduction and chooses the minimum
and maximum benefit, as well as the benefit structure. Employees
are allowed to choose a benefit in increments or multiples of
salary to a specific maximum. The benefit amount may be subject to
evidence of insurability.
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