Coastal Plains RESA
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BASIC LIFE AND AD&D
What is Basic Life Insurance and AD&D?
A financial and family protection plan paid for by Coastal Plains RESA which provides a lump-sum payment, known as a death benefit, to a beneficiary upon the death of the insured. AD&D coverage is included as a part of life insurance benefits, and will pay out a lump-sum death benefit in the event you die accidentally or pass away 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:
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Eligibility: Eligible full-time employees working 20+ hours/week and all 49% employees working 17.5 hours/week
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Coverage through OneAmerica
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Must be actively at work on the effective date
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Waiver of premium: waives the policyholder’s obligation to pay premiums should they become seriously ill or disabled prior to age 60
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If you still have questions, contact Campus Benefits:
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Call 1-866-433-7661, option 5
