In addition to basic Accidental Death and Dismemberment Insurance, country office-based staff (excluding extended-term consultant/extended-term temporary (ETC/ETT), short-term consultant/short-term temporary (STC/STT) appointments) may enroll in optional Accidental Death and Dismemberment (AD&D) Insurance Additional Coverage at any time without evidence of good health. Staff pay the full premium for optional coverage.
Optional individual coverage doubles the staff member's coverage only, so coverage is 600 percent for the death of a staff member. The Bank-provided Basic AD&D coverage remains 150 percent for a spouse or DP, and 75 percent for each eligible child.
Optional AD&D coverage is based on three times the staff member's net annual salary. You may enroll at any time. The premium is currently $0.02 per $1,000 coverage per paycheck.
Example: A staff member earns $48,040. The net salary basis is the salary rounded up to the next $1,000, or $49,000. The premium is calculated on three times net salary coverage ($49,000 x 3, or $147,000). For Optional Individual AD&D coverage, the per pay check premium would be $0.02 x $147,000/1,000, or $2.94.
Refer to the checklist Enroll in or Cancel Optional Accidental Death and Dismemberment Insurance for CO staff.