Primary Group Term Life
Sandia provides coverage equal to the employee’s annual base pay plus eligible non-base earnings paid during the prior 12 months. Benefits are payable to employee-selected beneficiaries.
Special Risk Accident
Employee’s are eligible for $50,000 payable in case of accidental death or disability due to job-related special risks. Special risks include air travel, other modes of travel outside the U.S., and certain designated job assignments, such as work with high explosives or radioactive material.
Job Incurred Accidental Death
Insurance equal to twice the employee’s annual pay, less Worker’s Compensation settlements, for death resulting from a job-related accident (subject to a maximum of $500,000).
Optional Employee-Paid Insurance
Sandia sponsors a number of optional employee-paid insurance plans. These plans are offered with the convenience of payroll deduction at attractive group rates. No evidence of good health is required if the employee enrolls within a specified period.
Voluntary Term Life
Life insurance equal to one, two, three, four, five or six times annual base pay plus eligible non-base earnings paid during the prior 12 months, rounded to the next higher $1,000.
Dependent Group Life
Life insurance of up to $20,000 for employee’s spouse and $4,000 for each dependent child.
Voluntary Group Accident
Accidental death and disability insurance ranging from $10,000 to $300,000, in $5,000 increments. Family coverage is also available.
Long-Term Care
Assistance employee and/or eligible family members might need in case of chronic illness or disability. There are eight benefit levels to choose from.