Life & Accidental Death (AD&D) Insurance
Core Life & AD&D Coverage
Core Life and Accidental Death and Dismemberment (AD&D) Insurance, administered by New York Life, provides a benefit in the case of a covered illness, injury, or accident.
- The Core Life benefit is provided at no cost and all benefits-eligible Team Members are automatically enrolled, including Salaried Team Members, Sous Chefs, MITs, GEDMs, and Flex Managers.
- You can also elect to enroll in supplemental coverage. Use the Life Insurance Needs Calculator to help you decide on coverage that best fits your needs.
- Federal regulations require you to pay income taxes on the value of company-paid core life insurance in excess of $50,000. This is displayed on your pay statement as “GTL Imputed.”
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Core Life Insurance
Core Life Insurance pays a benefit if you die as a result of a covered illness, injury, or accident.
- Bloomin’ Brands pays the premium for your coverage.
- Coverage begins on your hire date, or your date of promotion or transfer into a benefits-eligible position.
- Your coverage amount is equal to your annual base salary, rounded to the next higher $1,000. The maximum coverage is $1,000,000. If you are age 65 or older, your coverage will be reduced to 65%, 40%, or 25% of your original coverage amount, depending on your age.
Core AD&D Insurance
Core Accidental Death and Dismemberment (AD&D) Insurance pays benefits if you suffer certain accidental injuries or death resulting from a covered accident.
This benefit is in addition to any Core Life Insurance benefit that may be payable.
- Bloomin’ Brands pays the premium for your coverage, and coverage begins on your hire date, or your promotion into a benefits-eligible position. salaried, Sous Chef, MIT, GEDM, or Flex Manager position.
- Core AD&D coverage, equal to your annual base salary rounded to the next higher $1,000, is called the Principal Sum. The amount of benefit you receive when you have a covered claim will range from 25% to 100% of the Principal Sum depending on the loss you experience (e.g., loss of a thumb and index finger would pay 25% while loss of both arms and legs would pay 100%).
More Plan Features
Key Features
The Core Life and AD&D benefit has features designed to provide further protection and flexibility in certain situations:
- Seat belt benefit. Your beneficiary will receive an additional 10% of your in-force life insurance amount (maximum $25,000) if you were properly wearing a seat belt at the time of the auto accident.
- Accelerated death benefit. If you are terminally ill with less than 12 months to live, you may be eligible to receive up to 75%, up to $250,000, of your Core Life Insurance amount prior to your death.
- Conversion. If you terminate from Bloomin’ Brands or lose benefits eligibility, you may be able to continue Life and AD&D coverage without Evidence of Insurability (EOI) under an individual conversion policy (Core Life and AD&D) or portability (Supplemental Life). You must apply to convert or port your coverage within 31 days of your conversion or port notice. Please review the Life Conversion Form and Accident Conversion Form for more information.
More Benefits
The following benefits are available as part of your coverage:
Supplemental Coverage
Plan Information
You have the option to purchase additional Life and AD&D insurance by setting up a convenient payroll deduction. You can also elect coverage for your spouse and eligible children.
- Your Coverage: $20,000 increments to $1,000,000 maximum.
- Spousal Coverage: $10,000 increments to 100% of your coverage up to $500,000.
| Coverage Feature | You (Team Member) | Your spouse | Your eligible child(ren) |
|---|---|---|---|
| Supplemental Life Insurance options | $20,000 increments to $1,000,000 maximum* | $10,000 increments to 100% of your coverage up to $500,000* | Flat amount $10,000 per child |
| Maximum available without Evidence of Insurability (also called the Guaranteed Issue amount) | $160,000 if annual salary of $50,000 or less $260,000 if annual salary of $50,001 through $85,000 $400,000 if annual salary of $85,001 or above | $50,000 | Not applicable |
| Rates based on | Your age (as of January 1 of the current plan year) | Team Member's age (as of January 1 of the current plan year) | Flat rate, regardless of the number of eligible children insured |
| Coverage ends | At age 80 | The earlier of age 70 or when Team Member attains age 80** | On the 26th birthday |
**You may not enroll your spouse if your spouse has already reached age 70.
Enrollment & Evidence of Insurability (EOI)
If you choose to enroll in supplemental coverage when you first become benefits-eligible, you may elect coverage up to the guaranteed issue amount without Evidence of Insurability (EOI).
You will be required to provide Evidence of Insurability (EOI) for the following situations:
- Electing coverage over the guaranteed issue amount.
- Increases in coverage.
- Coverage elected after you were first eligible.
When you elect coverage under one of the three situations above, New York Life will mail and email you instructions on how to complete an Evidence of Insurability (EOI) Form. Your coverage will begin once approved by New York Life Medical Underwriting.
Loss of Coverage & Portability
If you lose coverage under this plan following termination or if you lose benefits eligibility, you may have the option to port your coverage to an individual policy. For more information, please review the Portability Form.
How to File a Claim
Refer to the information below for guidance on how to file a Life or AD&D claim with New York Life.
- Core Life and Accidental Death and Dismemberment (AD&D) Insurance, administered by New York Life, provides a benefit in the case of a covered illness, injury, or accident.
- The Core Life benefit is provided at no cost and all benefits-eligible Team Members are automatically enrolled, including Salaried Team Members, Sous Chefs, MITs, GEDMs, and Flex Managers.
- Federal regulations require you to pay income taxes on the value of company-paid core life insurance in excess of $50,000. This is displayed on your pay statement as “GTL Imputed.”
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Core Life Insurance
Core Life Insurance pays a benefit if you die as a result of a covered illness, injury, or accident.
- Bloomin’ Brands pays the premium for your coverage.
- Coverage begins on your hire date, or your date of promotion or transfer into a benefits-eligible position.
- Your coverage amount is equal to $10,000. If you are age 65 or older, your coverage will be reduced to 65%, 40%, or 25% of your original coverage amount, depending on your age.
Core AD&D Insurance
Core Accidental Death and Dismemberment (AD&D) Insurance pays benefits if you suffer certain accidental injuries or death resulting from a covered accident.
This benefit is in addition to any Core Life Insurance benefit that may be payable.
- Bloomin’ Brands pays the premium for your coverage, and coverage begins on your hire date, or your promotion into a benefits-eligible position. salaried, Sous Chef, MIT, GEDM, or Flex Manager position.
- Core AD&D coverage is equal to $10,000, which is the Principal Sum. The amount of benefit you receive when you have a covered claim will range from 25% to 100% of the Principal Sum depending on the loss you experience (e.g., loss of a thumb and index finger would pay 25% while loss of both arms and legs would pay 100%).
More Plan Features
Key Features
The Core Life and AD&D benefit has features designed to provide further protection and flexibility in certain situations:
- Seat belt benefit. Your beneficiary will receive an additional 10% of your in-force life insurance amount (maximum $25,000) if you were properly wearing a seat belt at the time of the auto accident.
- Accelerated death benefit. If you are terminally ill with less than 12 months to live, you may be eligible to receive up to 75%, up to $250,000, of your Core Life Insurance amount prior to your death.
- Conversion. If you terminate from Bloomin’ Brands or lose benefits eligibility, you may be able to continue Life and AD&D coverage without Evidence of Insurability (EOI) under an individual conversion policy (Core Life and AD&D) or portability (Supplemental Life). You must apply to convert or port your coverage within 31 days of your conversion or port notice. Please review the Life Conversion Form and Accident Conversion Form for more information.
More Benefits
The following benefits are available as part of your coverage:
How to File a Claim
Refer to the information below for guidance on how to file a Life or AD&D claim with New York Life.
Designate Your Beneficiary
You designate your beneficiary for death benefits when you enroll. However, you may change your beneficiary at any time. Dismemberment benefits are paid to you.
New York Life Group Benefit Solutions (NYL GBS)
Life, AD&D & Disability
Contact Information
General Support: 1-888-842-4462
EOI Processing Center: 1-866-607-2360