Life / AD&D Insurance

What happens to them, when something happens to you?

Group Life Insurance plans offered through Cornerstone Benefits Management allow members access to guaranteed approved group term Life and AD&D insurance.

Most group policies we offer allow members to elect up to $200,000 of guaranteed approved Life Coverage for themselves and up to $25,000 of guaranteed approved coverage for their spouse. Additionally, during the open enrollment participating members may elect life insurance for eligible children in a guaranteed approved amount of $15,000. Eligible children are those 1 day to 19 years old, or 25 if a full-time student.

Often referred to as Double Indemnity, Accidental Death and Dismemberment (AD&D) Insurance pays a lump sum benefit if a death is caused by an accident or if dismemberment, such as loss of limb(s), occurs. Most of our group Life Insurance policies include AD&D protection for no additional cost. Therefore, if a member has $200,000 of guaranteed Life Insurance, he/she will also have $200,000 of AD&D coverage. In a situation where that member is involved in a motorcycle accident, for example, that results in the member’s death, then his/her beneficiary would receive a $400,000 benefit ($200,000 of life insurance and $200,000 of AD&D insurance).

AD&D is available to members and their dependent spouse and children.

AD&D group policies can be written on a “stand alone” basis.

If you would like to learn more about group plans offered by Cornerstone Benefits Management please call us at 847-387-3555.