Life Insurance with AD&D

We're helping employees build a financial protection plan

Protecting our families and providing support for the people who depend on us may be one of the most important accomplishments of our lives. But funeral expenses, medical bills, taxes and debts can quickly create a financial burden when a family provider is permanently disabled or passes away unexpectedly.

Group Term Life insurance can provide peace of mind for family members after the loss of a loved one. Dependents will have the financial support they need to help cover final expenses, support daily financial obligations or even assist with a child's education.

Group Term Life - a smart choice

Nationwide Group Term Life plans offer employees a solid base for their family's financial protection plan. They also protect beyond the base coverage in the form of additional benefits for beneficiaries and may include an option to purchase protection for family members, including domestic partners, with dependent life coverage.

Our plans feature options for:

• Accidental Death & Dismemberment (AD&D) coverage
• Dependent Life coverage
• Domestic Partner coverage (subject to state mandates)
• Accelerated Death Benefit
• Secure Account for beneficiaries
• Waived premiums for employees facing total disability
• Travel Assistance program

The Accelerated Death benefit may allow the insured to receive a a portion of their life insurance benefit in the event they are faced with a life-threatening illness. And in the event of a sudden loss, the AD&D coverage provides additional benefits to beneficiaries if the insured suffers an accidental death, or additional payment to the insured if they suffer a qualified loss as a result of accidental injury.

A Nationwide Bank Secure Money Market Account provides beneficiaries a safe place to keep the policy proceeds while they consider their options during a difficult time. Benefit payments of $10,000 or more are distributed in the form of an interest bearing account.

Flexibility for Employers

Employers will enjoy the flexibility our Group Term Life plans offer, too. Some employers may elect to fund 100% of the plan or to share in the cost of the plan with their employees as a way to offer this valuable benefit while watching their budget. Choose what's right for your organization and employees from a variety of plan designs*:

• A fully employer-funded plan (must include all eligible employees*)
• A partially employer-funded plan (must include 75% of eligible employees*)
• A Voluntary Plan that is fully-paid by the employee (must include the greater of 10 eligible employees or 25% of those eligible to enroll)

Group Term Life Plan Provisions

	Basic and Voluntary Term Life Benefits
Case Size	Available to groups of 51 or more eligible employees
Rate Guarantee Period	2 Years
Guarantee Issue	Calculation based on group size
Waiver of Premium	Included for total disability prior to age 60, 9 month elimination period. Waiver terminates at age 65.
Accelerated Death Benefit	Up to 75% of the combined Basic and Voluntary term life face amount to a maximum of $250,000
Conversion	Included
Domestic Partner Coverage	Included (Subject to state mandates)
Secure Account	Included

	Basic Term Life Benefits (Employer-paid)	Voluntary Term Life Benefits (Employee-paid)
Participation Requirements	For non-contributory plans, all eligible employees must be enrolled. For contributory plans, a minimum of 75% of eligible employees must be enrolled. For dependent life, 75% of eligible dependents must be enrolled.	The greater of 10 eligible employees or 25% of those eligible to enroll.
Coverage Options Available	Flat Amount or Salary Based	Increment, Flat Amount or Salary Based
Minimum Amount	$10,000	$10,000
Maximum Amount1	51-99 Lives: $250,000 100+ Lives: $500,000	51-99 Lives: $300,000 100+ Lives: $500,000
Age Reduction	Standard: 35% at age 65; 50% at age 70 Option of: 50% at age 70 Coverage terminates at retirement	Standard: 35% at age 65; 50% at age 70 Reduction matches Basic Life reduction if quoted with Basic Life. Coverage terminates at retirement
Portability	Not included	Included
AD&D	Included - benefit amounts match Life	Available - benefit amounts match Life Employee must enroll for Life to be eligible for AD&D
Additional AD&D Benefits	All Case Sizes: Seatbelt, Airbag, Repatriation and Child Education 100+ Lives Additional riders: Coma and Common Carrier	All Case Sizes: Seatbelt, Airbag, Repatriation and Child Education 100+ Lives Additional riders: Coma and Common Carrier
Dependent Life Coverage Options (Spouse/Child)	$20,000 / $10,000 $15,000 / $7500 $10,000 / $5000 $5000 / $2500 $2500 / $1000 $2000 / $1000 Employee must enroll for dependents to be eligible. Dependent coverage is limited to 50% of the employee's term life amount. Spouse coverage terminates at age 70.	Minimum benefit is $5000 Spouse Maximum up to $125,000 Child Maximum up to $15,000 Employee must enroll for dependents to be eligible. Dependent coverage is limited to 50% of the employee's term life account. Spouse coverage terminates at age 70.
Dependent Life Guarantee Issue	All amounts are guaranteed issue	$25,000

¹Combined Basic and Voluntary benefit cannot exceed the lesser of $750,000 or 7x annual salary

*All plans are available to groups of 51 or more eligible employees. Products are not available in all states. The benefits outlined are for illustrative purposes only and should not be considered a proposal for coverage. Limitations and exclusions apply.

And there's more...

Plan participants may also have access to valuable health and productivity solutions, including health risk assessments, lifestyle health coaching, disease, disability, medical, maternity and absence management programs.