Life Insurance / AD&D
Life insurance benefits can give you the peace of mind of knowing you’re prepared for the future—providing a cash benefit to you or your loved ones in the event of death or serious injury.
Barnes pays the full cost of basic life and accidental death & dismemberment (AD&D) insurance. This coverage is available to all benefit eligible employees, regardless of whether you are enrolled in other benefit plans.
| Empty Cell | When Payment Is Made | Benefit Amount Hourly Employees |
Benefit Amount Salaried Employees |
|---|---|---|---|
| Basic Life Insurance | If you die from any cause | $50,000 | 1.5 times salary (Max. of $300,000) |
| AD&D Insurance | If you die from an accident If you are severely injured due to an accident and suffer a loss specified in the policy such as the loss of a limb or eyesight. |
$50,000 A portion of the benefit, as specified in the policy |
1.5 times salary (Max. of $100,000) A portion of the benefit, as specified in the policy |
If you need more than the basic life insurance coverage provided by Barnes, you may purchase supplemental life insurance coverage for yourself and for your eligible dependents. You pay the full cost of supplemental coverage through after-tax payroll deductions.
If you enroll for coverage when first eligible, you must provide evidence of insurability for coverage amounts greater than the guaranteed issue amounts shown in the table below.If you enroll for coverage after your initial eligibility period, you must provide evidence of insurability as shown in the table below.
If you select coverage requiring evidence of insurability:
- You will be prompted to complete an Evidence of Insurability Application within your enrollment flow.
- All coverage amounts subject to Evidence of Insurability and underwriting will be pended until approved by the insurance carrier.
| Coverage For | Coverage Amount | Maximum | Guaranteed Issue |
|---|---|---|---|
| Employee | 1 – 6 times base salary | 6 times salary or $1,700,000, whichever is less |
|
| Spouse | $10,000 - $250,000 in various increments | In $10,000 increments. Amounts over $100,000 will be in $50,000 increments, not to exceed 100% of employee supplemental life amount |
|
| Child(ren) | $5,000 or $10,000 | $10,000 | $10,000 |
Your division HR Representative can assist you with processing a life insurance claim. In order to process your claim, please provide the following information.
- The deceased’s death certificate
- The beneficiary’s current address and phone number
- Only in the event Accidental Death benefits are being claimed - A police/accident report, autopsy report, and toxicology report
If you are not sure who to contact and need assistance please call (860) 583-7070 and ask to speak with a member of the Benefits Department.
You can to keep most of the great features and benefits of your Guardian life insurance coverage if you leave your job for reasons other than disability, by paying your premiums directly.
Terminated employees enrolled in Basic Life insurance or supplemental life insurance are provided a one-time opportunity to convert their group term policy into an individual whole life policy through Guardian.
To pursue conversion (basic or supplemental life) or port (supplemental life) your policy, you must:
- Contact Guardian for conversion and portability details and applicable policy rates, at 1-800-525-4542, within 10 days following your date of separation.
- To continue your policy under either conversion or portability, Guardian must receive your completed application and first month’s payment within 31 days after your date of separation from Barnes.
