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LIFE AND AD&D

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LIFE AND AD&D

Life Insurance Protects Your Family’s Financial Security

As an important part of your personal financial planning, Olympic Steel provides you with employee life and accidental death and dismemberment (AD&D) insurance coverage at no cost to you. You receive:

  • $50,000 of term life insurance
  • $50,000 AD&D coverage up to age 70

Supplemental Life and AD&D Insurance

You also have the opportunity to purchase additional life insurance for yourself, your spouse, and your children at group rates. Evidence of Insurability (EOI) may be required if you add or increase your elections outside of your initial enrollment period.

 

Supplemental Life with AD&D Provision – Employee

Cost per Pay
Age Rate/$1,000 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000
<20 $0.0346 $0.87 $1.73 $2.60 $3.46 $4.33 $5.19
20-24 $0.0346 $0.87 $1.73 $2.60 $3.46 $4.33 $5.19
25-29 $0.0346 $0.87 $1.73 $2.60 $3.46 $4.33 $5.19
30-34 $0.0346 $0.87 $1.73 $2.60 $3.46 $4.33 $5.19
35-39 $0.0425 $1.06 $2.13 $3.19 $4.25 $5.31 $6.38
40-44 $0.0609 $1.52 $3.05 $4.57 $6.09 $7.61 $9.14
45-49 $0.0916 $2.29 $4.58 $6.87 $9.16 $11.45 $13.74
50-54 $0.1456 $3.64 $7.28 $10.92 $14.56 $18.20 $21.84
55-59 $0.2340 $5.85 $11.70 $17.55 $23.40 $29.25 $35.10
60-64 $0.3577 $8.94 $17.89 $26.83 $35.77 $44.71 $53.66
65-69 $0.6092 $15.23 $30.46 $45.69 $60.92 $76.15 $91.38
Supplemental Life with AD&D Provision – Spouse
Age Rate/$1,000 $12,500 $25,000 $37,500 $50,000 $62,500 $75,000
<20 $0.0346 $0.43 $0.87 $1.30 $1.73 $2.16 $2.60
20-24 $0.0346 $0.43 $0.87 $1.30 $1.73 $2.16 $2.60
25-29 $0.0346 $0.43 $0.87 $1.30 $1.73 $2.16 $2.60
30-34 $0.0346 $0.43 $0.87 $1.30 $1.73 $2.16 $2.60
35-39 $0.0425 $0.53 $1.06 $1.59 $2.13 $2.66 $3.19
40-44 $0.0609 $0.76 $1.52 $2.28 $3.05 $3.81 $4.57
45-49 $0.0916 $1.15 $2.29 $3.44 $4.58 $5.73 $6.87
50-54 $0.1456 $1.82 $3.64 $5.46 $7.28 $9.10 $10.92
55-59 $0.2340 $2.93 $5.85 $8.78 $11.70 $14.63 $17.55
60-64 $0.3577 $4.47 $8.94 $13.41 $17.89 $22.36 $26.83
65-69 $0.6092 $7.62 $15.23 $22.85 $30.46 $38.08 $45.69

Child Life Coverage

$0.46/week for $10,000 of coverage

Supplemental AD&D Cost Per Pay

  $25,000 $50,000 $75,000 $100,000 $125,000 $150,000
Employee Only Coverage $0.17 $0.35 $0.52 $0.69 $0.87 $1.04
Family Coverage* $0.29 $0.58 $0.87 $1.15 $1.44 $1.73


*Each family member’s coverage is a percentage of the benefit amount you select. Coverage will depend upon who your insured family members are at the time of a covered accidental loss.

Call 800-423-2765 or visit www.lfg.com with questions regarding your Life & AD&D Insurance, Accident Insurance and Disability Insurance.