Life Insurance & Accidental Death & Dismemberment Insurance

  • Planning your financial security is a challenging task under the best of circumstances, but what happens if you die or are sidelined due to a lengthy illness or injury? How will your family pay the monthly bills? That’s where your income protection benefits come into play. One of those benefits is life insurance. 
     
    Naperville Community Unit School District 203 provides basic life insurance and accidental death and dismemberment (AD&D) insurance through Reliance Standard Life Insurance at no cost to you. The information below highlights some of the plan features. Please refer to your benefit plan certificate for full coverage information.
     
    Life Insurance: $50,000 for each active, Full Time Teacher, Custodian, Bus Driver,
    Clerical Staff and Teacher’s Aid - unions - NUEA, NESPA, NTA and NUMA, except any person employed on a temporary or seasonal basis. The amount of benefit will be reduced to 65% at age 70 and will be further reduced to 50% at age 75.
     
    Accidental Death or Dismemberment (AD&D): Same as your Life Insurance amount. Your beneficiary will receive 100% of benefit upon your death or if you lose two of the following: hand, foot and/or eye. 50% of benefit will be paid for loss of one hand, one foot or sight of one eye.
     
    Accelerated Benefit (Living Benefit): If you have been diagnosed with a terminal illness and life expectancy is 24 months or less, you can receive 75% of the life benefit. Please note: your death benefit would be reduced by the amount taken through the accelerated benefit upon your death ($37,500 provided through Living Benefit and $12,500 provided upon death for a total benefit of $50,000).
     
    Convertible: You may convert your policy to an individual whole life policy within 31 days of termination of employment without submitting evidence of insurability.
     
    Group Basic Life and Accidental Death & Dismemberment Insurance Highlights
     
    Contact your District 203 Benefits Coordinator to get your copy of the Group Life and Accidental Death and Dismemberment Insurance Program Guide for your classification.