Apex Capital provides each eligible employee with Basic Life and AD&D coverage at no cost to you through Guardian.
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). 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.
Please Note:
- To make changes to your Supplemental Life and AD&D coverage, visit https://www.guardiananytime.com/eoi/ and complete the EOI form. Changes will not be available to be made through Workday.
- If you are in your initial new hire eligibility period, the guarantee issue amounts apply. If not, you will be required to complete an Evidence of Insurability (EOI) form for coverage.
- Election amount will not be effective until EOI is reviewed and approved.
- For an online EOI form go to: https://www.guardiananytime.com/eoi Plan ID #453553
| Plan Features* | Employee | Spouse | Child(ren) |
|---|---|---|---|
| Benefit Increments | Increments of $10,000 up to $500,000 | Increments of $5,000 up to $50,000 | Age 6 months to age 26: Flat $10,000 |
| Guarantee Issue | $150,000 | $5,000 | 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.