Life and AD&D Insurance Overview
Core Life and AD&D Insurance is provided at no cost to you. All benefits-eligible Team Members are automatically enrolled for Core Life and AD&D Insurance.
Coverage highlights
Salaried Team Members, Sous Chefs, MITs, GEDMs, and Flex Managers are automatically covered for Core Life and Accidental Death & Dismemberment (AD&D) Insurance.
Core Life Insurance
Core Life Insurance pays a benefit if you die as the result of a covered illness, injury, or accident. Find out more with this highlight sheet.
Bloomin’ Brands pays the premium for your coverage, and coverage begins on your hire date, or your promotion or transfer into a salaried, Sous Chef, MIT, GEDM, or Flex Manager 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.
AD&D
AD&D pays benefits if you suffer certain accidental injuries or death resulting from a covered accident. The Accidental Death benefit is in addition to any Core Life Insurance benefit that may be payable. Find out more with this highlight sheet.
Bloomin’ Brands pays the premium for your coverage, and coverage begins on your hire date, or your promotion or transfer into a 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%).
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.”
The plan 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 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.
Coverage highlights
Hourly team members are automatically covered for Core Life and Accidental Death & Dismemberment (AD&D) Insurance.
Core Life Insurance
Core Life Insurance pays a benefit if you die as the result of a covered illness, injury, or accident. Find out more with this highlight sheet.
Bloomin’ Brands pays the premium for your coverage, and coverage begins on your benefits eligibility date.
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.
AD&D
AD&D pays benefits if you suffer certain accidental injuries or death resulting from a covered accident. The Accidental Death benefit is in addition to any Core Life Insurance benefit that may be payable. Find out more with this highlight sheet.
Bloomin’ Brands pays the premium for your coverage, and coverage begins on your benefits eligibility date.
Core AD&D coverage, equal to $10,000, 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%).
The plan 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 under an individual conversion policy (Core Life and AD&D). You must apply to convert your coverage within 31 days of your conversion. Please review the Life Conversion Form and Accident Conversion Form for more information.
Designate a 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.
Tip
Check out the following benefits available as part of your coverage:
