Life insurance provides your named beneficiary(ies) with a benefit in the event you should pass away.
Accidental death and dismemberment (AD&D) insurance provides specified benefits to you in the event of a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye).
In the event that your death occurs due to a covered accident, both the life and the AD&D benefit would be payable.
Make the most of your life and disability benefits
Basic Life and AD&D, Voluntary Life and AD&D, and Long-Term Disability (Hartfordl)
- Phone: 800-523-2233
- Website: www.account.thehartford.com
Basic Life and AD&D
You are automatically enrolled in the basic life and AD&D plan through Prudential. This coverage is provided at no cost to you. You are automatically enrolled for basic life insurance on the first day of the month coinciding with or following your hire date.
Imputed Income: The Internal Revenue Service (IRS) requires that your employer report the value of any company-paid life insurance coverage over $50,000 on your W-2. This value is called imputed income and is subject to federal, state and Social Security taxes.
Voluntary Life and/or AD&D
If you determine you need more than the basic life and/or AD&D coverage provided by the company, you may want to purchase additional coverage through Unum for yourself and your eligible family members. You must be enrolled in voluntary life coverage in order for your spouse and/or dependent child(ren) to be enrolled. You pay 100% of the cost through payroll convenient deductions.
- Employee: $10,000 increments up to $500,000 (Guaranteed Issue1 up to $180,000 at time of hire)
- Spouse/RDP: $10,000 increments to $30,000, not to exceed 100% of employee amount (Guaranteed Issue1 up to $40,000 at time of hire)
- Child(ren): $2,500 increments up to $10,0002
1During your initial eligibility period only, you can receive coverage up to the Guaranteed Issue amounts without having to provide Evidence of Insurability (EOI, or information about your health). Coverage amounts that require EOI will not be effective unless approved by the insurance carrier.
2Coverage for children will be $500 from birth to 14 days of age and $1,000 from 15 days to six months of age.
This coverage is portable, allowing you to continue coverage should you ever leave the company.
Company-Paid Long-Term Disability (LTD)
Would you be able to meet your financial responsibilities if you were ill or injured and could not work for a period of time? Oxy provides core long-term disability benefits through Unum at no cost to you, to protect you and your family in the event of serious illness or injury.
You must be disabled for 180 days before LTD benefits are payable. The LTD benefit equals 60% of your eligible monthly earnings.
Know Where to Start!
Even with a healthy lifestyle and preventive care, sometimes an illness or accident can still happen. If you become disabled, contact Human Resources so they can certify your claim and assist you with the disability claim process.