Life and AD&D
Life and AD&D
Life and AD&D insurance helps protect you and your family from a sudden loss of income in the event of your death, or if you suffer from a severe injury. Because this protection is an important part of your overall financial plan, 8×8 is proud to help support your loved ones with this plan, at no cost to you. Benefits reduce starting at age 69, and coverage ends when you terminate your employment with 8×8. You have the option to take your coverage with you, but rates may vary.
Plan Features
Basic Employee Life Insurance: 2 times salary up to $1,000,000
Accidental Death & Dismemberment (AD&D): Amount equal to your life benefit
Contact Voya
Group Number: 723584
Member Services
(800) 955-7736
Voya Resource Center
Visit Claims Website
Resources
To view a more detailed description of the plans, visit the Plan Documents & Notices.
Supplemental Life and AD&D
You are important to us and your family is important to you. You can elect to buy additional coverage for yourself, your spouse/domestic partner and your child(ren), in addition to what 8×8 is already providing. You can elect supplemental life coverage for your spouse/domestic partner and/or your children even if you do not elect supplemental life coverage for yourself.
Plan Features
| Coverage Level | Benefit Amount |
|---|---|
| Employee Life and AD&D | From $10,000 to $500,000 |
| Spouse/Domestic Partner Life and AD&D | From $10,000 to $500,000 |
| Child Life and AD&D | A flat $10,000 benefit for children up to age 26 |
You do not have to elect voluntary life insurance for yourself in order to elect coverage for your dependents.
Spouses/domestic partners can receive up to 100% of your life insurance amount to the plan maximum, including the basic life insurance you receive from 8×8.
How Do I Calculate My Cost for Supplemental Life?
- Step 1: Enter the amount of coverage you’d like for you, your spouse/domestic partner, and your child(ren).
- Step 2: Divide each amount by $1,000.
- Step 3: Using the rates table on the Contributions page, find the appropriate rate per $1,000 of coverage for each person.
- Step 4: Multiply each answer from step 2 by the appropriate rate.
- Step 5: Add your answers from Step 4 together to find your total monthly cost.
Guarantee Issue Amounts
| Guarantee Issue | Increments | Minimum | Maximum | |
|---|---|---|---|---|
| You | $150,000 | $10,000 | $10,000 | $500,000 |
| Your Spouse/Domestic Partner | $50,000 | $10,000 | $10,000 | $500,000 |
| Your Child | $10,000 | $10,000 | $10,000 | $10,000 |
Benefit reductions start at age 75.
