Basic Life and AD&D Insurance
Total Quality Logistics provides Basic Life and AD&D benefits to eligible employees at no cost to you.
Voluntary Life Insurance
Total Quality Logistics provides eligible employees with Life Insurance through Voya.
You may purchase additional life insurance with Voya if you want more coverage. Your contributions will depend on your age and the amount of coverage you elect.
| VOLUNTARY LIFE AMOUNT | EMPLOYEE | SPOUSE** | CHILDREN |
|---|---|---|---|
| Benefit Maximum | $500,000 | $250,000 | $10,000 |
| Guarantee Issue | $200,000 | $25,000 | $10,000 |
**Spouse rates based on age of employee.
Group Term Life Insurance Brochure
Funeral Planning Brochure
Video: Life Insurance
Common Life Insurance Terms:
Accidental Death Insurance (AD&D): Generally an add-on to a regular life insurance policy, it is only paid if the death of the insured occurs as the result of an accident.
Age Reductions: Most insurance policies reduce your life insurance benefit as you age.
Beneficiary: The person or party named by the owner of a life insurance policy to receive the policy benefit.
Contingent beneficiary: The party designated to receive proceeds of a life insurance policy following the insured’s death if the primary beneficiary predeceased the insured.
Conversion: If you ever leave employment, you may be able to convert the group policy into an individually owned life insurance policy.
Coverage Amount: Value of life insurance.
Portable: If you ever leave employment, you may be able to port the life insurance coverage to a new plan.
Premiums: Amount paid to the insurance company to buy a policy and keep it in force.