Life Insurance Plans

Life Insurance
Plans

ABC's Group Life Plans
let you design a plan that is best for your situation. Choose the level of coverage you want to offer your employees from among three programs.

  • Flat Schedule - Coverage from $10,000 to $50,000.
  • Earnings Schedule - Benefits based on annual income.
  • Class Schedule - Benefits determined by employee class.

Flat Schedule 1

Earnings Schedule 2

Class Schedule 3

Plan Design

Flat Amount is the same for all employees. Benefits selected in increments of $5,000 1

Amount based on employee earnings (rounded to the next higher $1,000) 2

Flat amount as determined by employee class. Benefit levels available in increments of $5,000 3

Life/AD&D Benefit

All Employees
$10,000 - $50,000 1

All Employees
1 times base annual earnings to $50,000
or
1 times base annual earnings to $100,000
or
2 times base annual earnings to $100,000 2

General Employees
$10,000 to $25,000

Supervisors
$10,000 to $50,000

Executive or Owners
$10,000 to $100,000 3

Extra Life Insurance

ABC's Extra Life Plans help employees supplement their life insurance needs. You can make one, two or all three plans available to your employees:

  • Supplemental Life - Gives employees an opportunity to purchase additional life insurance protection at reduced group rates.
  • Dependent Life - An employer paid benefit for all employees with dependents.
  • Special AD&D - An employer paid plan that provides up to $250,000 of 24 hour accidental death and dismemberment coverage.

Supplemental Life 1

Dependent Life 2

Special AD&D 3

Plan Design

Fixed amount as determined by employee class. Benefits levels available in increments of $5,000 1

Fixed amount as determined by relationship to employee. (Children over 6 months old are covered ) 2

Fixed amount as determined by employee class 3

Benefit Amount

General Employees
$10,000 - $25,000 1

Supervisors
$10,000-$50,000 1

Executives / Owners
$10,000 - $100,000 1

Spouse / Childs2

$5,000 / $2,500 2

or

$10,000 /$5,000 2

Hourly Employees
$25,000 3

Salaried Employees
$50,000 3

Officers or Owners
$100,000 to $250,000 3

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The ABC Insurance Trust is an ERISA Trust serving members of Associated Builders and Contractors, Inc. The Trust is an independent entity, governed by a Board of Trustees.