Life Insurance

Basic Group Term Life Insurance is provided by the Company at no cost to you. You may elect coverage equal to: one times covered earnings rounded to the next higher $500 up to a maximum of $50,000, or coverage equal to a flat $5,000.

If you elect coverage equal to one times covered earnings, on the January 1 following your 65th birthday, the amount of your Basic Group Term Life Insurance coverage will be reduced as follows:

Coverage, however, will be reduced to no lower than $10,000.

The Hartford is your supplemental life, supplemental dependent life, and Accidental Death & Dismemberment insurer effective October 1, 2023.

If you elect Basic Group Life Insurance of one times salary (to a maximum of $50,000), you may purchase supplemental life insurance for you and supplemental dependent life insurance for your spouse or spousal equivalent and/or children.  

For You: You may purchase supplemental coverage of up to four times your salary, in increments of $10,000, to a maximum of $1,000,000 coverage.  Coverage up to the lesser of three times salary or $400,000 coverage is guaranteed without medical evidence of insurability for employees enrolling under the Flexible Benefits Program for the first time.  Current participants in the Flexible Benefits Program who wish to increase their coverage or who previously waived supplemental life coverage and now want to elect coverage are subject to evidence of insurability.

For Your Spouse/Spousal Equivalent: You may purchase life insurance coverage of up to the lesser of 50% of your coverage or $50,000, in $10,000 increments for spouse or spousal equivalent supplemental dependent life coverage. Coverage of $10,000 is guaranteed without evidence of insurability if you are electing spouse or spousal equivalent supplemental dependent life coverage under the Flexible Benefits Program for the first time. If both the employee and spouse or spousal equivalent are employed by The Segal Group, they may elect coverage as an employee or spouse, but not as both.

For Your Dependent Children: If you elect supplemental life for yourself, you may purchase children's supplemental dependent life insurance coverage of $10,000 for each dependent child.  Children must be under age 26 to be eligible.  

Accidental Death & Dismemberment (AD&D): You may also elect AD&D for yourself and for your spouse or spousal equivalent and/or your dependent children under age 26.  

You may elect AD&D coverage in increments of $10,000, subject to the lesser of $1,000,000 or 4 times your annual earnings. You may elect dependent AD&D for your spouse or spousal equivalent in increments of $10,000 up to the lesser of 50% of your coverage or $50,000, subject to a minimum of $10,000 and a maximum of $50,000. You may elect dependent AD&D for your dependent children to age 26 in the amount of $10,000 for each dependent child. 

AD&D offers accidental injury benefits if you or your covered family members are seriously injured in an accident covered by the program, and insurance benefits if you, your covered spouse or children are killed in an accident covered by the program. 

Enrollment: Segal currently provides enough benefit credits for you to purchase supplemental life insurance coverage equal to one times your salary at the non-smoker rate. You pay a monthly rate per $1,000 of additional coverage based on your age and whether you smoke. Premiums are paid on an after-tax basis. You pay the entire premium for supplemental spouse or spousal equivalent and dependent children life and/or AD&D insurance. 

• Supplemental life, dependent life, and AD&D enrollment is through  The Hartford
• If you have a question regarding enrollment in supplemental life, dependent life, and AD&D, please contact The Hartford at 855.EZ.NROLL (855.396.7655) Monday - Friday from 8am to 8pm ET. On The Hartford enrollment site your User Id will be your full employee ID and your password will be your initials followed by your date of birth (MMDDYYYY)