LIFE INSURANCE

Life Insurance

Life and AD&D insurance can fill a number of financial gaps due to a temporary or permanent reduction of income. Consider what your family would need to cover day-to-day living expenses and medical bills during a pregnancy or illness related disability leave, or how you would manage large expenses (rent or mortgage, children's education, debt, etc.) after the death of a spouse.

LIFE INSURANCE

Basic Life & AD&D Insurance

Team members are eligible for coverage the first of the month following 30 days of service.

  • If you meet the requirements, when you retire, the amount of life insurance in force will be reduced at the end of the month that your coverage is paid through.
  • White Castle will pay the entire cost of the premium, which is held as a death benefit only.
  • You may convert your and/your covered dependent(s) life insurance without Evidence of Insurability (evidence of good health) as long as you apply within 31 days of loss of coverage. The insurance company will communicate with you directly.
  • The maximum amount you may convert is the difference between your active and reduced amount.
  • The cost of the converted policy is based on the age of the insured, and the amount of the coverage issues.
  • This is a no cash value policy.
GROUP 1: Non-Exempt Team Members working in a Castle
GROUP 2: Exempt Team Members
GROUP 3: Non-Exempt Team Members not working in a Castle
  • $10,000 of coverage paid in full by the company
  • Contributory coverage available in units of $10,000 up to a maximum of $40,000
  • Spouse coverage available in units of $10,000 up to a maximum of $40,000, not to exceed your own contributory coverage
  • Coverage for unmarried dependent children of $10,000 not to exceed your own contributory coverage
  • $30,000 of coverage paid in full by the company
  • Contributory coverage available in units of $10,000 up to a maximum of $300,000 (guaranteed issue $200,000)
  • Spouse contributory coverage available in units of $10,000 up to a maximum of $100,000, (guaranteed issue $50,000), not to exceed your own contributory coverage
  • Coverage for unmarried, dependent children of $10,000 not to exceed your own contributory coverage
  • $30,000 of coverage paid in full by the company
  • Contributory coverage available in units of $10,000 up to a maximum of $300,000 (guaranteed issue $200,000)
  • Spouse contributory coverage available in units of $10,000 up to a maximum of $100,000 (guaranteed issue $50,000), not to exceed your own contributory coverage
  • Coverage for unmarried, dependent children of $10,000 not to exceed your own contributory coverage
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