Coverage is available through employer-provided plans only. Not available for individual sale.
Not all benefits plans are available to all members. If you do not know which benefits are available through your Aetna life insurance plan, and for a complete list of exclusions and limitations, please contact your benefits administrator.
Life insurance for you and your dependents
With life insurance coverage from Aetna, you can help protect your family against the unexpected. Coverage is available for both you and your loved ones. It can help pay for things like funeral costs, daily expenses and college tuition.
Our plans also offer features that can help you today.
Aetna life insurance plans through your employer are called group term insurance or group coverage. We offer life insurance coverage, as well as accidental death and personal loss coverage. Benefits are available for you, as well as your spouse or partner and your dependent children.
Basic and Supplemental Life Insurance coverage
Life insurance coverage helps to provide a low-cost, convenient way to assist with financial security. In the event of death, a person (or persons) you choose receives a cash payment from Aetna.
The amount of payment is determined by your coverage amount. Your Basic Life Insurance amount may be limited, based on your basic annual earnings or your job classification.
You may be able to receive additional amounts of coverage through a separate Supplemental Life benefit, if one is offered through your plan. If you do not know the exact terms of your Basic Life Insurance coverage, please refer to your Plan’s Summary of Coverage, or contact your benefits administrator.
Plan Options
Accelerated Death Benefit
If, while covered under this program for life insurance you become terminally ill, you may request that Aetna pay an Accelerated Death Benefit. You may request this benefit on your own behalf or on behalf of your spouse (if Dependent Life is included) at any time by completing an Aetna Request for Accelerated Death Benefit Form and submitting it to Aetna. For help, please contact our care advocate at 1-800-276-5120.
Conversion
When you stop working or are no longer in an eligible class, or you retire, you have options available regarding your current group term life insurance.
Use the life conversion calculator
Premium Waiver
Your life insurance coverage may include a Premium Waiver provision. With this provision, your coverage may continue without premium payments if you become disabled before a pre-determined age and the disability lasts for a pre-determined period of time.
Portability
A portability feature may be available through your plan. Portability allows you to take your coverage with you if you leave the company.
Accidental Death & Personal Loss coverage
Our Accidental Death & Personal Loss (AD&PL) coverage provides benefits if a covered person is injured in an accident or dies from the injuries. The amount of this payment is determined by a combination of factors, including your coverage amount and the type of injury suffered.
With Supplemental AD&PL, you receive extra coverage over and above your plan’s basic coverage.
Not all injuries caused by an accident will qualify you to receive benefits payments. The exact types of injury that qualify will be specified by your plan, but may typically include death, paralysis, loss of speech or hearing, loss of sight, third-degree burns, or loss of limbs.
To find out more about your benefits, please review your plan’s Certificate of Coverage or contact your benefits administrator.
Selected plan options
Child care benefit
This benefit helps cover costs associated with child care in a state-licensed child care center in the event of a covered parent's death.
Educational benefit
This benefit helps provide a dependent child with an opportunity for higher education when the insured employee's income is lost. For spouses, this benefit helps provide an opportunity for valuable employment training for the purpose of obtaining or supplementing an independent income source.
Repatriation of remains benefit
If a covered person dies while 200 or more miles from home, this benefit provides financial assistance for preparation and return of the deceased's body to a mortuary.
Passenger restraint and airbag benefit
If a covered person is properly using a passenger’s restraint device or if an airbag is activated and neither contributes to saving the covered person's life, this benefit will supplement the accidental death benefit.
Coma benefit
If you or a dependent remains in a coma for more than 30 days following an accident, you may be paid a percentage of your AD&PL benefit each month. This will occur for a predetermined number of months.
Additional benefits
Your AD&PL plan may also provide benefits for the following losses: paralysis, severance, death, speech, hearing, loss of life due to exposure, presumed loss of life due to disappearance, and disability (related to a covered accident).
*To ensure compliance with requirements imposed by the IRS please be advised that any tax information, Federal, State and Local, contained in this communication is not intended to and cannot be used by anyone to avoid any penalty assessments. Members should seek advice based on their particular circumstances from an independent tax advisor.
Life insurance plans/policies are offered and/or underwritten by Aetna Life Insurance Company (Aetna). This material is for information only and is not an offer or invitation to contract. An application must be completed to obtain coverage. Life insurance plans/policies contain exclusions and limitations. Not all services are covered. See plan documents for a complete description of benefits, exclusions, limitations and conditions of coverage.
Securities and investment advisory services are independently offered through Chase Investment Services Corp. (CISC), a subsidiary of JPMorgan Chase Bank. CISC is a full-services broker-dealer and a registered investment advisor. Legal Reference Program services are independently offered and administered by ARAG North America (ARAG). Aetna does not participate in attorney selection or review, and does not monitor ARAG services, content or network.
Aetna has provided its policyholders with access to Everest Funeral Planning and Concierge Services (“services”), which are independently administered by Everest Funeral Package, LLC (“Everest”). Access to these services is not insurance, may be discontinued at any time without notice and is void where prohibited. Everest is solely responsible for furnishing these services, and Aetna makes no guarantee or representations as to their quality or suitability. In no event will Aetna be responsible or liable for any acts or omissions by Everest and its agents, employees or representatives in connection with the services provided. Information is believed to be accurate as of the production date; however, it is subject to change.
For Oklahoma residents, policy form numbers include: GR-9/GR-9N and/or GR-29/GR-29N.
