Basic AD&D insurance pays a benefit equal to one times (1x) your benefits base pay up to a maximum of $500,000, in the event of your death or certain types of injuries resulting from an accident. You are enrolled automatically for this coverage and BHGE pays the full cost.
Voluntary AD&D insurance pays a benefit amount that you choose when you enroll. There are two categories to choose from. Benefits are paid if you, your spouse or your child(ren) die or suffer certain types of injuries as the direct result of an accident. The maximum benefit is up to five times (5x) your annual benefits base pay up to a maximum of $4 million.
Based on the coverage levels above, if you elect dependent coverage, the benefits will be:
Benefits base pay means your base annual earnings, including any before-tax contributions you make through the benefits program. This does not include any overtime pay or bonuses. For certain benefit rate calculations, your benefits base pay is determined in either September, your date of hire or your transfer date, whichever is later.