Life & Disability Benefits
LIFE AND AD&D INSURANCE
MRDA provides basic life and AD&D insurance through Mutual of Omaha to all benefits-eligible employees at no cost.
If you die as a result of an accident, your beneficiary would receive both the life benefit and the AD&D benefit through Mutual of Omaha. Benefits will reduce to 67% at age 65. Please be sure to keep your beneficiary designations up to date.
- Employee life benefit: 1.5x annual salary up to a maximum of $250,000
- Employee AD&D benefit: 1.5x annual earnings up to a maximum of $250,000
- Portability/Conversion: You can port or convert this coverage upon termination of active employment
LONG-TERM DISABILITY INSURANCE
Long-term disability insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury.
MRDA automatically provides long-term disability (LTD) insurance through Mutual of Omaha to all benefits-eligible employees at no cost. LTD insurance is designed to help you meet your financial needs if your disability extends beyond 90 days.
- Benefit: 60% of monthly earnings up to $7,000 per month
- Elimination period: 90 days
- Benefit duration: Up to your Social Security Normal Retirement Age (SSNRA)