Topic

MSB Employee Benefit: Life Insurance

Life and AD&D Insurance

Metlife

The Borough purchases life and accidental death and dismemberment (AD&D) insurance for all regular part-time and full-time employees.

In the event you should pass away, your beneficiary will receive a maximum of $50,000. If death is the result of an accident (as defined by the contract), then the beneficiary(ies) will receive an additional $50,000. A scheduled benefit is paid for amputation or paralysis of limbs. Coverage is also provided in the amount of $2,000 in the event your Dependent Spouse should pass away and $1,000 in the event your Dependent Child should pass away.