Enroll Now
Employee Benefits
Enroll Now

Voluntary Life

Enroll Now

Voluntary Life/AD&D Insurance

Life and Accidental Death and Dismemberment (AD&D) coverage can help you prepare for the unexpected. The chart below provides a summary of the coverage.

Employee Optional Life and AD&D Coverage



  • May purchase coverage in increments of your annual salary

  • Maximum coverage—up to 5 times your annual earnings (maximum $500,000)

  • Request to add coverage subject to completion and approval of evidence of insurability form if election not made when first eligible for coverage

  • Guarantee Issue $150,000

  • Term life insurance policy

  • At ages 65 and 70, there are life insurance amount reductions

  • The Principal Sum amount is equal to the amount of the life insurance benefit

  • Provides coverage in case of an accidental death or dismemberment

Spouse/ Domestic Partner Optional Life and AD&D Coverage



  • Available if you, our employee, enroll in the Optional Life / AD&D Coverage

  • Choose from a minimum of $5,000, a maximum of $250,000 in $5,000 increments, not to exceed 100% of employee amount for spouse/domestic partner

  • Request to add coverage subject to completion and approval of evidence of insurability form if election not made when first eligible for coverage

  • Guarantee Issue 100% of employee’s benefit, up to $30,000

  • Term life insurance policy

  • At ages 60 and 75, there are life insurance amount reductions

  • The employee must enroll in Optional Life / AD&D coverage to enroll a spouse/domestic partner in this coverage

  • Provides coverage in case of an accidental death or dismemberment

Child Optional Life and AD&D Coverage



  • Available if you, our employee, enroll in the Optional Life and/or AD&D Coverage

  • Coverage amount options of $1,000 to $10,000, in increments of $2,000 per eligible child

  • Guarantee Issue 100% of employee’s benefits

  • Term life insurance policy

  • Eligible until the child’s 26th birthday

  • Provides coverage in case of an accidental death or dismemberment

Designate Your Beneficiary

When you enroll online for benefits, look for the prompts to designate a beneficiary for your Nick’s Restaurant -provided life insurance coverage and/or your optional life insurance plans. If a beneficiary is not designated, benefits will be paid according to the carrier policy. It is not necessary to add a beneficiary for your spousal life or child life insurance coverage since you are automatically the beneficiary for any spouse or dependent coverage you elect.

Evidence of Insurability

You may be asked to provide Evidence of Insurability (EOI) or proof of good health, if:
  • You do not enroll for coverage when first available and choose to enroll later.
  • You want to increase your coverage after your initial enrollment.
EOI Link 
Explore all Benefits

Questions?

Contact Us