Basic & Supplemental Life

Neuco provides basic life and AD&D insurance to all benefits-eligible employees AT NO COST. You have the option to purchase supplemental life and AD&D insurance.

Basic life and AD&D insurance

Neuco automatically provides basic life and AD&D insurance through The Hartford 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. Benefits will reduce to 65% at age 65, to 50% at age 70, and to 35% at age 75 based on your original benefit amount.

  • Employee life benefit: 1x previous year's annual W-2 earnings; up to a maximum of $300,000
  • Employee AD&D benefit: 1x previous year's annual W-2 earnings; up to a maximum of $300,000

Supplemental life and AD&D insurance

Depending on your personal situation, basic life and AD&D insurance might not be enough coverage for your needs. To protect those who depend on you for financial security, Neuco offers you the option to purchase supplemental coverage through The Hartford.

You must purchase supplemental coverage for yourself in order to purchase coverage for your spouse and/or dependents. Supplemental life rates are age-banded. Benefits will reduce to 65% at age 65 and to 50% at age 70 based on your original benefit amount.

  • Employee: $10,000 increments up to $500,000 or 5x annual salary, whichever is less— guarantee issue: $50,000 or 3x annual salary, whichever is less
  • Spouse: $5,000 increments up to $250,000 or 50% of the employee’s election, whichever is less— guarantee issue: $30,000
  • Dependent children: $10,000—guarantee issue: $10,000

If you elect supplemental coverage when you’re first eligible to enroll, you may purchase up to the guarantee issue amount(s) without completing a statement of health (evidence of insurability). If you do not enroll when first eligible, and choose to enroll during a subsequent annual open enrollment period, you will be required to submit evidence of insurability for any amount of coverage. Coverage will not take effect until approved by The Hartford.

Basic & Supplemental Life
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    Resources
    • Basic Life, Voluntary Life, STD and LTD Benefit Summaries
    • Evidence of Insurability Form – Generic
    • Evidence of Insurability Form – Maine
    • Evidence of Insurability Form – Massachusetts
    • Evidence of Insurability Form – Connecticut
    • Evidence of Insurability Form – New Hampshire
    NEW HIRES: YOU HAVE TWO WAYS TO ENROLL DURING YOUR ELIGIBILITY PERIOD
    1. Schedule an appointment below with a benefits counselor during the enrollment period.
    2. Enroll for benefits on-line. As a new user, register at employeenavigator.com/benefits/account/register

    Your Company Identifier is: NEUCO2022. Look for the Enroll Now! menu item.