Plan Year 2027

Life and AD&D Insurance

Modera provides Basic Life and Accidental Death & Dismemberment (AD&D) insurance at no cost to you!

Life and AD&D Insurance

Coverages

	Basic Life	Basic AD&D
Carrier	MetLife	MetLife
Paid By	100% paid by the company	100% paid by the company
Eligibility	All regular full-time employees are eligible on their first day of active employment.	All regular full-time employees are eligible on their first day of active employment.
Benefit Amount	Flat $50,000	Flat $50,000
Age Reduction Schedule	Age reductions: Basic Life and AD&D benefits reduce to 65% of the original amount ($32,500) at age 65, and to 50% of the original amount ($25,000) at age 70.	Age reductions: Basic Life and AD&D benefits reduce to 65% of the original amount ($32,500) at age 65, and to 50% of the original amount ($25,000) at age 70.

Carrier

Basic Life: MetLife
Basic AD&D: MetLife

Paid By

Basic Life: 100% paid by the company
Basic AD&D: 100% paid by the company

Eligibility

Basic Life: All regular full-time employees are eligible on their first day of active employment.
Basic AD&D: All regular full-time employees are eligible on their first day of active employment.

Benefit Amount

Basic Life: Flat $50,000
Basic AD&D: Flat $50,000

Age Reduction Schedule

Basic Life: Age reductions: Basic Life and AD&D benefits reduce to 65% of the original amount ($32,500) at age 65, and to 50% of the original amount ($25,000) at age 70.
Basic AD&D: Age reductions: Basic Life and AD&D benefits reduce to 65% of the original amount ($32,500) at age 65, and to 50% of the original amount ($25,000) at age 70.