Life Insurance with AD&D

We're helping employees build a financial protection plan
Protecting our families and providing support for the people who depend on us may be one of the most important accomplishments of our lives. But funeral expenses, medical bills, taxes and debts can quickly create a financial burden when a family provider is permanently disabled or passes away unexpectedly.

Group Term Life insurance can provide peace of mind for family members after the loss of a loved one. Dependents will have the financial support they need to help cover final expenses, support daily financial obligations or even assist with a child's education.

Group Term Life - a smart choice
Nationwide Group Term Life plans offer employees a solid base for their family's financial protection plan. They also protect beyond the base coverage in the form of additional benefits for beneficiaries and may include an option to purchase protection for family members, including domestic partners, with dependent life coverage.

Our plans feature options for:

Accidental Death & Dismemberment (AD&D) coverage
Dependent Life coverage
Domestic Partner coverage (subject to state mandates)
Accelerated Death Benefit
Secure Account for beneficiaries
Waived premiums for employees facing total disability
Group Term Life Plan Provisions
The Accelerated Death benefit may allow the insured to receive a a portion of their life insurance benefit in the event they are faced with a life-threatening illness. And in the event of a sudden loss, the AD&D coverage provides additional benefits to beneficiaries if the insured suffers an accidental death, or additional payment to the insured if they suffer a qualified loss as a result of accidental injury.

A Nationwide Bank Secure Money Market Account provides beneficiaries a safe place to keep the policy proceeds while they consider their options during a difficult time. Benefit payments of $10,000 or more are distributed in the form of an interest bearing account.

Flexibility for Employers
Employers will enjoy the flexibility our Group Term Life plans offer, too. Some employers may elect to fund 100% of the plan or to share in the cost of the plan with their employees as a way to offer this valuable benefit while watching their budget. Choose what's right for your organization and employees from a variety of plan designs*:

A fully employer-funded plan (must include all eligible employees*)
A partially employer-funded plan (must include 75% of eligible employees*)
A Voluntary Plan that is fully-paid by the employee (must include the greater of 10 eligible employees or 25% of those eligible to enroll)
*All plans are available to groups of 51 or more eligible employees. Products are not available in all states. The benefits outlined are for illustrative purposes only and should not be considered a proposal for coverage. Limitations and exclusions apply.

And there's more...
Plan participants may also have access to valuable health and productivity solutions, including health risk assessments, lifestyle health coaching, disease, disability, medical, maternity and absence management programs.