Basic Life and AD&D
This benefit is available to you date of hire. Life and AD&D coverage helps protect your loved ones in the event of your death or serious injury. Even if you’re single, your beneficiary can use your Life insurance benefits to pay off your debts, such as credit cards, mortgages, and other final expenses.
Class 1 Executives
Basic Life Insurance – You receive Basic Life insurance coverage of $50,000 at no cost to you.
Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).
Class 2 Non-Union
Basic Life Insurance – You receive Basic Life insurance coverage at no cost to you. Basic Life insures you for the greater of $50,000 or one times (1x) your annual earnings, up to a maximum of $500,000.
Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).
Class 3 St. Louis Union
Basic Life insurance – You receive Basic Life insurance coverage of $40,000 at no cost to you.
Imputed Income: Under current tax laws, imputed income is the value of your Basic Life insurance that exceeds $50,000 and is subject to federal income, Social Security and state income taxes, if applicable. This imputed income amount will be included in your paycheck and shown on your W-2 statement.
Voluntary Life and AD&D
In addition to Basic Life and AD&D, eligible employees may purchase additional Voluntary Life and AD&D insurance at favorable group rates. Participants pay 100% of the premium. Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.
Class 1 & 2, Executives & Non-Union
- For you: Increments of $10,000 up to $500,000. Guaranteed issue of $100,000.
- For your spouse: Increments of $5,000 up to 100% of employee amount or $500,000. Guaranteed issue of $50,000.
- For your children: Birth to 6 months: $500; 6 months to 26 years: Increments of $2,000 up to $10,000. AD&D is not available for children.
Employee/Spouse Cost per $1,000 of Coverage
Employee Age
18-24: $0.05
25-29: $0.05
30-34: $0.07
35-39: $0.08
40-44: $0.10
45-49: $0.15
50-54: $0.23
55-59: $0.43
60-64: $0.65
65-69: $1.17
70-99: $1.88
AD&D Rate per $1,000: $0.019
Child Life Rate per $1,000: $0.07
*St. Louis Union does not have the option to elect Voluntary Life insurance.