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Supplemental Insurance
Verizon Wireless lets you elect supplemental life and AD&D
insurance for yourself or for your family members. Please check
Evidence of Insurability to confirm that
you or your family members are eligible for coverage.
Employee-Paid Supplemental Insurance
Coverage Overview
| Employee Supplemental Life Insurance |
1-8x's eligible pay (independent of basic life)
$2 million combined basic and supplemental life maximum |
| Spouse Life Insurance |
$25,000 - $300,000 in increments
of $25,000 |
| Child Life Insurance |
$5,000 or $10,000 |
| Employee Supplemental AD&D Insurance |
1-8x's eligible pay (independent of basic AD&D)
$2 million combined basic and supplemental AD&D maximum |
| Spouse AD&D Insurance |
$25,000 to $300,000 |
| Child AD&D Insurance |
$5,000 or $10,000 |
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Supplemental Life Insurance Rates
| Less than 30 |
$0.029 |
$0.060 |
| Age 30 but less than age 35 |
$0.032 |
$0.080 |
| Age 35 but less than age 40 |
$0.036 |
$0.090 |
| Age 40 but less than age 45 |
$0.055 |
$0.100 |
| Age 45 but less than age 50 |
$0.110 |
$0.150 |
| Age 50 but less than age 55 |
$0.173 |
$0.230 |
| Age 55 but less than age 60 |
$0.324 |
$0.430 |
| Age 60 but less than age 65 |
$0.564 |
$0.660 |
| Age 65 but less than age 70 |
$1.086 |
$1.270 |
| Age 70 or older |
$1.957 |
Spouse coverage terminates at age
70 |
| Child life insurance rate is $0.500 per
$5,000 of coverage, regardless of the number of children. |
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Supplemental AD&D Insurance Rates
| Employee |
$0.014 per $1,000 of coverage |
| Spouse |
$0.014 per $1,000 of coverage |
| Child |
$0.026 per $1,000 of coverage |
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AD&D Coverage
| Life |
100% |
Your beneficiary (You in the case
of a dependent AD&D) |
| Quadriplegia |
100% |
You (Your dependent in the case of
dependent AD&D) |
| Loss of Speech and hearing in Both Ears |
100% |
You (Your dependent in the case of
dependent AD&D) |
| Loss of any combination of two: both hands,
both feet or eyesight in both eyes |
100% |
You (Your dependent in the case of
dependent AD&D) |
| Paraplegia |
75% |
You (Your dependent in the case of
dependent AD&D) |
| Hemiplegia |
50% |
You (Your dependent in the case of
dependent AD&D) |
| Loss of one hand, one foot, or sight in one
eye |
50% |
You (Your dependent in the case of
dependent AD&D) |
| Loss of speech |
50% |
You (Your dependent in the case of
dependent AD&D) |
| Loss of hearing in both ears |
50% |
You (Your dependent in the case of
dependent AD&D) |
| Thumb and index finger on same hand |
25% |
You (Your dependent in the case of
dependent AD&D) |
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