Life and AD&D Insurance - Hourly Employees
Life Insurance
Life insurance provides financial security for the people who depend on you. Your beneficiaries will receive a lump sum payment if you die while employed by I.D. Images. The company provides basic life insurance of $25,000 at no cost to you through Mutual of Omaha.
Please be sure to update your beneficiary information on Paycom.
Accidental Death and Dismemberment (AD&D)
Accidental Death and Dismemberment (AD&D) insurance provides payment to you or your beneficiaries if you lose a limb or die in an accident. I.D. Images provides basic AD&D insurance of $25,000 at no cost to you.
Benefits are reduced to 65% at age 65 and to 50% at age 70. Coverage is discontinued at termination of employment or retirement.
Life and AD&D Insurance - Salary Employees
Life Insurance
Life insurance provides financial security for the people who depend on you. Your beneficiaries will receive a lump sum payment if you die while employed by I.D. Images. The company provides basic life insurance of one times your Basic Annual Earnings (to a maximum of $350,000) at no cost to you through Mutual of Omaha.
Please be sure to update your beneficiary information on Paycom.
Accidental Death and Dismemberment (AD&D)
Accidental Death and Dismemberment (AD&D) insurance provides payment to you or your beneficiaries if you lose a limb or die in an accident. I.D. Images provides basic AD&D insurance of one times your Basic Annual Earnings (to a maximum of $350,000) at no cost to you.
Benefits are reduced to 65% at age 65 and to 50% at age 70. Coverage is discontinued at termination of employment or retirement.
Voluntary Life Insurance
New Benefit: Voluntary Term Life will be effective 9/1/2026
Employees who want to supplement their Group Life and AD&D insurance benefits may now purchase additional life insurance through Mutual of Omaha. This plan is at cost for you and the cost is paid through payroll deductions. Note that you must elect Voluntary Life Insurance for yourself in order to purchase coverage for your dependents.
Help Protect What Matters – You, Your Family & Your Future
We understand you’ve worked hard to get where you are today. Ensuring your loved ones can maintain financial stability if an unexpected death should occur is something to consider when planning for the future.
When determining how much life insurance you need, think about the expenses you may encounter now and through every stage of your life.
Coverage guidelines and benefits are outlined in the chart below.
Benefit Summary Vol Life
Life and AD&D insurance provides many benefits, but there are a few points to keep in mind:
- Imputed Income: The value of your company-provided life insurance premiums over $50,000 is considered taxable. Contact your tax professional for more information.
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Age Reduction: Benefit amounts reduce as
you age. - Portability: If you leave the company, you can convert your policy to an individual policy and continue your coverage.
Common Life Insurance Terms:
Accidental Death Insurance (AD&D): Generally an add-on to a regular life insurance policy, it is only paid if the death of the insured occurs as the result of an accident.
Age Reductions: Most insurance policies reduce your life insurance benefit as you age.
Beneficiary: The person or party named by the owner of a life insurance policy to receive the policy benefit.
Contingent beneficiary: The party designated to receive proceeds of a life insurance policy following the insured’s death if the primary beneficiary predeceased the insured.
Conversion: If you ever leave employment, you may be able to convert the group policy into an individually owned life insurance policy.
Coverage Amount: Value of life insurance.
Portable: If you ever leave employment, you may be able to port the life insurance coverage to a new plan.
Premiums: Amount paid to the insurance company to buy a policy and keep it in force.
Travel Assist
