Life Insurance
NOVA Engineering & Environmental provides Basic Life and Accidental Death & Dismemberment (AD&D) insurance at no cost to you!
Basic Life and AD&D
| Coverage | Carrier | Paid By | Benefit Amount |
|---|---|---|---|
| Basic Life | TRANSAMERICA | NOVA | 1x base annual salary up to a maximum of $75,000 |
| Basic AD&D | TRANSAMERICA | NOVA | 1x base annual salary up to a maximum of $75,000 |
| Spouse | TRANSAMERICA | NOVA | $5,000 |
| Dependent Children | TRANSAMERICA | NOVA | $5,000 |
Basic Life
- Carrier
- TRANSAMERICA
- Paid By
- NOVA
- Benefit Amount
- 1x base annual salary up to a maximum of $75,000
Basic AD&D
- Carrier
- TRANSAMERICA
- Paid By
- NOVA
- Benefit Amount
- 1x base annual salary up to a maximum of $75,000
Spouse
- Carrier
- TRANSAMERICA
- Paid By
- NOVA
- Benefit Amount
- $5,000
Dependent Children
- Carrier
- TRANSAMERICA
- Paid By
- NOVA
- Benefit Amount
- $5,000
Voluntary Life Insurance
| Coverage | Carrier | Paid By | Benefit Amount | Coverage Increment | Maximum Benefit | Guaranteed Issue Amount | Evidence Of Insurability Threshold |
|---|---|---|---|---|---|---|---|
| Voluntary Employee Life | TRANSAMERICA | Employee | Up to 5x base annual salary to a maximum of $500,000. May be elected in increments of $10,000 Guarantee Issue Limit: $300,000 | $10,000 | $500,000 | $300,000 | If you would like additional coverage, Voluntary Life and AD&D insurance are available to you, your spouse, and your dependent children. You must enroll in coverage for yourself to cover your spouse or children. If you don’t enroll in Voluntary Life when it’s first available or elect an amount over the Guaranteed Issue, you may be required to complete an Evidence of Insurability (EOI) form. |
| Voluntary Spouse Life | TRANSAMERICA | Employee | Up to $150,000 in increments of $5,000 Guarantee Issue Limit: $50,000 | $5,000 | $150,000 | $50,000 | If you would like additional coverage, Voluntary Life and AD&D insurance are available to you, your spouse, and your dependent children. You must enroll in coverage for yourself to cover your spouse or children. If you don’t enroll in Voluntary Life when it’s first available or elect an amount over the Guaranteed Issue, you may be required to complete an Evidence of Insurability (EOI) form. |
| Voluntary Child Life | TRANSAMERICA | Employee | $10,000 | - | - | - | If you would like additional coverage, Voluntary Life and AD&D insurance are available to you, your spouse, and your dependent children. You must enroll in coverage for yourself to cover your spouse or children. If you don’t enroll in Voluntary Life when it’s first available or elect an amount over the Guaranteed Issue, you may be required to complete an Evidence of Insurability (EOI) form. |
| Voluntary AD&D | TRANSAMERICA | Employee | - | - | - | - | - |
Voluntary Employee Life
- Carrier
- TRANSAMERICA
- Paid By
- Employee
- Benefit Amount
- Up to 5x base annual salary to a maximum of $500,000. May be elected in increments of $10,000 Guarantee Issue Limit: $300,000
- Coverage Increment
- $10,000
- Maximum Benefit
- $500,000
- Guaranteed Issue Amount
- $300,000
- Evidence Of Insurability Threshold
- If you would like additional coverage, Voluntary Life and AD&D insurance are available to you, your spouse, and your dependent children. You must enroll in coverage for yourself to cover your spouse or children. If you don’t enroll in Voluntary Life when it’s first available or elect an amount over the Guaranteed Issue, you may be required to complete an Evidence of Insurability (EOI) form.
Voluntary Spouse Life
- Carrier
- TRANSAMERICA
- Paid By
- Employee
- Benefit Amount
- Up to $150,000 in increments of $5,000 Guarantee Issue Limit: $50,000
- Coverage Increment
- $5,000
- Maximum Benefit
- $150,000
- Guaranteed Issue Amount
- $50,000
- Evidence Of Insurability Threshold
- If you would like additional coverage, Voluntary Life and AD&D insurance are available to you, your spouse, and your dependent children. You must enroll in coverage for yourself to cover your spouse or children. If you don’t enroll in Voluntary Life when it’s first available or elect an amount over the Guaranteed Issue, you may be required to complete an Evidence of Insurability (EOI) form.
Voluntary Child Life
- Carrier
- TRANSAMERICA
- Paid By
- Employee
- Benefit Amount
- $10,000
- Coverage Increment
- -
- Maximum Benefit
- -
- Guaranteed Issue Amount
- -
- Evidence Of Insurability Threshold
- If you would like additional coverage, Voluntary Life and AD&D insurance are available to you, your spouse, and your dependent children. You must enroll in coverage for yourself to cover your spouse or children. If you don’t enroll in Voluntary Life when it’s first available or elect an amount over the Guaranteed Issue, you may be required to complete an Evidence of Insurability (EOI) form.
Voluntary AD&D
- Carrier
- TRANSAMERICA
- Paid By
- Employee
- Benefit Amount
- -
- Coverage Increment
- -
- Maximum Benefit
- -
- Guaranteed Issue Amount
- -
- Evidence Of Insurability Threshold
- -