Life and Accidental Death & Dismemberment (AD&D) Insurance

Your family depends on your income for a comfortable lifestyle and for the resources necessary to make their dreams – such as a college education – a reality. Like anyone, you don’t like to think of the scenario where you’re no longer there for your family. However, you do need to ensure their lives and dreams can continue if the worst does happen.

Ollie’s knows how difficult it can be to provide this peace of mind on your own, which is why we have made it a priority to give you the ability to assemble a complete life insurance portfolio. Please note: effective 7/1/2021 these benefits will be provided by Mutual of Omaha.


Basic-Term Life and AD&D Insurance

Ollie’s provides eligible Associates with Basic-Term Life and AD&D coverage at no cost to you, and enrollment is automatic.


Supplemental Term Life Insurance

You may also choose to purchase Supplemental Life Insurance in addition to the company-paid benefit. It’s a great opportunity to purchase additional term life coverage at group rates, and you also have the option to purchase coverage for your spouse and dependents. You pay the total cost of this benefit through convenient payroll deductions.

Coverage for newly eligible Associates, spouses and dependents is Guaranteed Issue up to policy maximums. This means you can elect coverage without providing Evidence of Insurability (EOI).

Previously eligible Associates purchasing Supplemental Term Life Insurance for the first time will need to complete an EOI form.

Associate

Spouse


Dependent(s)


Cost varies based on age, coverage level and tobacco use. A Benefits Counselor can assist you with options and costs.