Alliance Coal provides Basic Employee Life Insurance equal to two times (2x) your base annual pay. You can also choose to purchase the following optional insurance:
|Type of Insurance||Coverage Options|
|Basic Employee Life||2x base pay (company-paid)|
|Optional Employee Life1||1x, 2x, 3x, 4x, 5x, 6x, 7x, 8x base pay|
|Spouse Life2||$10,000, $25,000, $50,000, $75,000, $100,000, $150,000, $200,000, $250,000|
|Child Life2||$4,000, $10,000|
|Employee AD&D3||1x, 2x, 3x, 4x, 5x, 6x, 7x, 8x base pay|
|Spouse AD&D4||$10,000, $25,000, $50,000, $75,000, $100,000, $150,000, $200,000, $250,000|
1Total Employee Life Insurance (Basic plus Optional) is limited to $2 million.
2To elect this coverage, you must also elect Optional Employee Life Insurance. Spouse Life Insurance cannot be greater than 50% of Total Employee Life Insurance (Basic plus Optional). For children age six months and under, Child Life Insurance coverage is $1,000.
3Employee AD&D Insurance is limited to $2 million.
4Spouse AD&D Insurance cannot be greater than 100% of Employee AD&D Insurance.
Disability benefits provide disability income to you for a period of time if you become disabled due to illness or injury and are unable to work. Currently you don’t have to pay a premium for disability coverage.
The Summary Plan Description (SPD) for each benefit has more details:
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