Life Insurance
and Accidental Death and
Dismemberment (AD&D)
Insurance Benefits
Renown Health provides a basic term life and accidental
death and dismemberment (AD&D) insurance policy at
no cost for full- and part-time employees working at least
30 hours per week. Employees are automatically enrolled
in this benefit the first day of the month following 30
days of employment. Coverage amounts are as follows,
based on position:
Coverage Amounts:
Non-exempt (hourly) positions
$15,000 life benefit
Exempt (salaried) positions
1 times annual earnings to a maximum of $200,000
Leadership
2 times annual earnings to a maximum of $300,000
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• Accidental death doubles the life benefit amount.
• Accidental death and dismemberment includes a
schedule of benefits for losses other than death.
• Coverage amounts for employees age 70 and older will
be reduced on a pro-rata basis.
• Life insurance coverage includes an “accelerated”
benefit in the event of terminal illness. For details,
please see the policy located on Inside Renown under
Benefits.