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Health and Other Benefits

Health at SMU

Accidental Death & Dismemberment (AD&D)

Administered by The Standard

Full-time and part-time faculty and staff have the opportunity to purchase AD&D Insurance to reduce the financial hardships associated with death or serious injury resulting from an accident.  No benefit is payable in the event of death due to an illness.

  • Coverage is available in $10,000 increments up to $500,000 and you have the option to purchase individual or family coverage.  The amount you select is referred to as the Principal Sum.
  • If you elect Family Coverage, your spouse or domestic partner is covered for 60% of your Principal Sum and each child is covered for 20% of your Principal Sum.
  • AD&D premiums are deducted from your pay on a pre-tax basis.

Coverage for Children

Children include your unmarried adopted, foster, or step-children under age 25, who are in your custody or who are physically or mentally disabled, and under your supervision. Unmarried natural or adopted grandchildren, under age 25, who are financially dependent upon you for support may also be covered.

Age-Based Coverage Reductions

Your Principal Sum will be reduced to 50% of your pre-age 75 Principal Sum amount at age 75.  Your Principal Sum will be reduced to 25% of the pre-age 75 amount at age 80.

How to Calculate the Cost of AD&D Insurance

Divide your Principal Sum by 10,000. Multiply the result by the applicable AD&D Premium Rate (below) to determine your monthly premium.

Example: Monthly employee electing $300,000 Individual Coverage → ($300,000 divided by 10,000 = 30 x .20 = $6.00 per month).
                                                                      AD&D Premium Rates 
                                                                           (Per $10,000 unit) 
                                                 Individual Coverage: $0.20 Monthly - $0.09 Bi-Weekly 
                                                  Family Coverage: $0.35 Monthly - $0.16 Bi-Weekly


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