Accidental Death and Dismemberment Insurance
Plan Sponsor. This Plan is sponsored by Rhodes College, 2000 North Parkway, Memphis, TN 38112.
Eligible Participants. Accidental Death and Dismemberment coverage commences for all full-time faculty and staff the first day of the month after their employment date. Currently the insurance company is HCC Life. Request for information concerning HCC Life contract terms, condition and interpretation thereof, claims thereunder, any requests for review of such claims and service of legal process may be directed in writing to: HCC Life, P. O. Box 402032, Atlanta, GA 30384.
The Cost of the Plan. Rhodes currently pays the entire cost of this Plan. Periodically, generally near the end of a plan year, the insurance company reviews the adequacy of premiums charged for the Plan and advises the College whether existing premium rates will be continued or whether adjustments will be made for the coming year. Covered Schedule (Life and AD&D), maximum benefit is $300,000:
Employee’s Age Amount of Coverage
18 - 64 Years 1.00 x Annual Salary
65 - 69 Years .65 x Annual Salary
70 - 74 Years .45 x Annual Salary
75 - 79 Years .30 x Annual Salary
80 - 84 Years .20 x Annual Salary
85 - 89 Years .15 x Annual Salary
90 and over .10 x Annual Salary
The plan year is July through June.
For a statement of ERISA rights see ERISA.
Revised February, 13, 2007.
Revised July 30, 2003.
Vice President for Finance and Business Affairs.