Apex Capital provides each eligible employee with Basic Life and AD&D coverage at no cost to you through Unum.
Basic Term Life and Basic AD&D Benefits
| Employee - Basic Term Life and Basic AD&D Benefits | |
|---|---|
| Life Benefit Amount | 1 x BAE* up to $200,000 |
| AD&D Benefit Amount | Same as Life Benefit |
| Age Reduction | Benefits Reduce To: 65% at age 65 50% at age 70 |
| *Basic Annual Earnings | |
Supplemental Life and AD&D
As a full-time employee of Apex Capital, you are given the opportunity to purchase additional life and accidental death and dismemberment (AD&D) insurance for yourself as well as your spouse and/or child(ren). In order to elect supplement life insurance coverage for your spouse and/or child(ren), you need to elect it for yourself. Premiums are automatically adjusted each year as part of the annual open enrollment process to reflect the age-banded rates. When Supplemental Life is elected, you receive the same coverage amount of AD&D insurance. You pay the full cost through payroll deductions for Supplemental Life/AD&D insurance.
Want to elect or increase your Supplemental Life and AD&D coverage?
You may elect or increase Supplemental Life and AD&D coverage for yourself, your spouse, and/or children. Any increase in Supplemental Life insurance requires the approval of Evidence of Insurability (EOI) through Unum. When you increase your benefit amount during Open Enrollment the following steps will occur to process your increase:
- Make the election on Workday.
- A notification from Unum for the EOI will appear in your Workday inbox.
| Plan Features* | Employee | Spouse | Child(ren) |
|---|---|---|---|
| Benefit Increments | Increments of $10,000 up to $500,000 | Increments of $5,000 | $10,000 |
| Guarantee Issue | $200,000 | $25,000 | Full Benefit |
| Maximum Benefit Amount | $500,000 | $50,000 | $10,000 |
Beneficiary Designation
A beneficiary is the person named to receive life insurance benefits in the event of the covered person’s death. It is important to name at least one primary and one contingent beneficiary in the event you survive the primary beneficiary. You can add/edit beneficiary information in Workday. If you have questions, HR can assist you.
Helpful Flyers
ER Paid Life/ADD Flyer: https://flimp.live/ApexcaptialLifeADDflyer
Vol Life/ADD Flyer: https://flimp.live/ApexcapitalVlifeaddflyer
How to File a Claim Flyer: https://flimp.live/Howtofileclaimflyer
Travel Assist flyer: https://flimp.live/ApexcaptialTravelAssistflyer
EAP Flyer: https://flimp.live/ApexcaptialEAPflyer