Occupational Accident Plan/Accidental Death and Dismemberment (ADD)
This plan offers you protection for accidental death and dismemberment that occurs while on the job, traveling on company business, or commuting directly to and from your home and your place of work. These benefits are in addition to Workers‘ Compensation benefits.
Who is eligible?
All regular, casual, and temporary Aerospace employees are eligible for coverage. Regular employees are those who work on a regularly scheduled and assigned basis, either full or part time. Casual employees are those who normally work fewer than 20 hours a week on a noncontinuous, irregular, infrequent, and unscheduled basis. Temporary employees are those who work for not more than 12 months.
Currently, the entire cost of this coverage is paid by the company. You do not have to pay anything to be covered under this plan.
You are covered for accidents on the job and while traveling on business, and for certain specified hazards. The amount of the benefit is four times your basic yearly salary ($50,000 minimum coverage; $400,000 maximum coverage) offset by any amount paid or payable for the same accident under the American Express Card member Travel Accident Program underwritten by Fireman’s Fund American Life Insurance Company, Trust Policy DGA 3251111 (including any rewrite or successor of this Policy), but only if the benefit payable is under an American Express Card issued to you that is sponsored by your employer.
Your basic yearly salary is calculated by multiplying your current weekly salary (excluding bonuses, overtime pay, and other extra compensation) times 52.
Occupational Accident Insurance
How Likely are You to Become Disabled?
The following online tool helps individuals calculate their own Personal Disability Quotient, or PDQ. The calculator, developed by the non-profit Council for Disability Awareness (CDA), first asks the user a few simple questions and calculates a personalized PDQ. It then estimates the user’s future earnings potential, and offers practical tips on how to prevent a disability if possible, or at least prepare for it financially, if unavoidable.