The plan covers you and your enrolled dependents against any accidental bodily injuries. For University employees, this includes accidents on or off the job worldwide, 24 hours per day.
Benefits, in the event of a covered loss, are based on the coverage amounts in effect for you and your covered family members at the time of the loss.
Coverage for You
The Personal and Family Accident Insurance provides financial protection to you or your beneficiary if you should die, or lose sight, a limb, speech, or hearing, or become paralyzed as the direct result of an accident. You may choose any amount of coverage in multiples of $10,000 up to $350,000 (amounts over $150,000 cannot exceed 10 times your annual base salary).
Coverage for Your Family
If you choose family coverage, the plan will provide you with additional financial protection if your spouse or an eligible dependent dies or becomes dismembered as the direct result of an accident. If you choose family coverage, all of your dependents are covered members of the plan.
For every $10,000 of insurance covering you, the coverage amounts for your family members will be:
- $6,000 coverage for your spouse, if you have no eligible children; or
- $5,000 for your spouse and $1,500 for each eligible child; or
- $2,000 for each eligible child, if you have children but no spouse.
For example, suppose you chose $50,000 of coverage for yourself. If you are married with no children, your spouse would be insured for $30,000 of coverage. If you are married with children, coverage would be $25,000 for your spouse and $7,500 for each child. If you have children but no spouse, coverage for each child would be $10,000.