Life and AD&D Insurance
Have you considered what you or your dependents would do in the event of a premature or accidental death? Could the mortgage be paid? Could your children attend college? Could your spouse have a comfortable retirement? Survivor benefits are all about helping to protect your dependents from financial hardship if you aren't around to financially care for them.
Canon Medical Systems offers several coverage options of life and accidental death and dismemberment (AD&D) insurance that can help you plan an appropriate level of protection:
- Basic life insurance—the Company automatically provides a basic level of life insurance at no cost to you.
- Supplemental life/AD&D insurance—you may purchase additional coverage for yourself that includes a matching AD&D benefit.
- Dependent life insurance—if you buy supplemental life insurance for yourself, you have the option to elect dependent life insurance. This coverage provides a benefit to you in the event one of your covered dependents dies.
- Optional AD&D insurance—if you want extra protection from accidental death or injury, you can purchase optional AD&D insurance for you and your family. This coverage is in addition to basic and supplemental benefits that are payable.
- Business Travel Accident Insurance—BTA insurance is provided for accidental death or injury while you are on company business. BTA benefits are in addition to any other life and AD&D benefits that are payable.
Please review these important coverages. Because many of these benefits are paid to a beneficiary, we encourage you to regularly review your beneficiary designations. To update your beneficiary information, simply complete a Beneficiary Election/Change Form and return it to the Benefits Department.