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2027 Life Insurance / Accidental Death and Dismemberment

Life insurance and Accidental Death & Dismemberment (AD&D) coverage can help provide financial protection for you and your loved ones. CoorsTek provides company-paid Basic Life Insurance and Basic AD&D coverage for eligible employees and offers additional coverage options you can purchase for yourself and your eligible dependents.

Review the information below to learn about available coverage options, beneficiary designations, enrollment requirements, and important plan provisions.

Important Reminder: Be sure to designate and keep your beneficiary information up to date in Workday.

 

Summary of Life and AD&D Benefit Options

Benefit Coverage Who pays? EOI* Required?
Basic Life Insurance 1x Annual Base Salary Company-Paid No
Basic AD&D Insurance 1x Annual Base Salary Company-Paid No
Supplemental Life Insurance Up to 5x Salary (Max $750,000) Employee-Paid (Based on age)

Initial enrollment – guaranteed issue** up to $250,000.

If you previously purchased coverage, you can increase up to $250,000, with no EOI. If you previously waived coverage, EOI is needed.
Supplemental AD&D Insurance Up to 5x Salary (Max $750,000) Employee-Paid (Based on age) No
Spouse Life Insurance Up to $500,000 or employee benefit, whichever is lower. Employee-Paid (Based on age)

Initial enrollment, guaranteed issue up to $50,000.

Yes, any time after initial enrollment.
Spouse AD&D Insurance Up to $500,000 or employee benefit, whichever is lower Employee-Paid (Based on age) No
Child Life Insurance $10,000 Employee-Paid No
Child AD&D Insurance $10,000 Employee-Paid No

*Evidence of Insurability (EOI): A health questionnaire used by Unum to determine eligibility for certain life insurance coverage amounts.
**Guaranteed Issue (GI): The amount of coverage you can elect when first eligible without answering health questions.