Accidental Death and Dismemberment (AD&D)
Insurance
The AD&D plan pays a benefit if
you die or are dismembered as the result of an accident. In the event of death,
this benefit is payable in addition to any life insurance coverage you have.
Alcoa provides you with AD&D insurance equal to two times your
annual base pay (rounded to the next higher $5,000) at no cost to you. You may
elect additional coverage up to eight times your annual base pay (rounded to the
next higher $5,000).
For benefit calculation purposes only, the total
AD&D coverage you elect includes the company-paid AD&D insurance
coverage. The minimum coverage amount is $60,000 for full-time employees; there
is no minimum for part-time employees. The maximum coverage amount for any
employee is $3 million. You may choose any option without providing evidence of
insurability.
You also can elect from 1 to 8 times your annual base pay
for eligible spouse, domestic partner, or child(ren) coverage, or you can elect
"no coverage." You're the beneficiary for any dependent AD&D coverage you
elect.
