38
LIFE AND AD&D INSURANCE
Don’t forget to choose a
beneficiary for all Life and AD&D
policies.
Company-paid Life and AD&D Insurance
Benefits Department • 800-562-6210, ext. 2495
PFJ-paid term Life insurance policy and an Accidental
Death and Dismemberment (AD&D) policy
All full-time Team Members
Crude Fleet Drivers: flat rate of $78,000
Tipped Team Members: flat rate of $16,000
Other eligible Team Members: One times their annual
base salary rounded to the next $1,000, up to $500,000
• All Team Members must complete a Beneficiary
Designation form to identify the payout recipient.
• Designating minors as beneficiaries will result in
payment not being issued until they turn 18.
• To change your designated beneficiary, submit an
updated Beneficiary Designation form to the Benefits
Department (find the form at Employee Login >
Benefits > Forms).
Description
Eligibility
Benefit
amount
Details
After-tax Team Member-paid AD&D Weekly Cost
Age 65
Reduces to 65% of original amount
Age 70
Reduces to 40% of original amount
Age 75+
Reduces to 20% of original amount
Team
Members
of all ages
Increments
of $10,000
up to ten (10)
times your
base salary,
maximum
$500,000
Reduction in Benefits
$0.13
Limitations
of Coverage
Price per
$10,000 of
Coverage
Team Member-paid AD&D Insurance
Additional Accidental Death and Dismemberment
(AD&D) insurance available for purchase
Full-time Team Members
Description
Eligibility
Benefits/Cost
AD&D insurance pays benefits in
the event of accidental death or
dismemberment, including the
loss of use of certain body parts
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