Ask Chris

For more information about OBL employee benefits programs, contact Chris Zeek.

A variety of life insurance policies available through the OBBT allows member banks to provide employees with basic life insurance as well as offer them the opportunity to further protect their families by purchasing additional coverage.

Basic coverage is available in flat dollar amounts of $10,000 or $15,000, and percentages of salary of 100%, 150%, and 200%. Optional coverage can be offered in addition to basic life coverage at 100% of salary. The guaranteed issue amount is $300,000, and the maximum amount of coverage available for both the basic and optional amounts combined is $450,000.  All basic life policies include Accidental Death & Dismemberment (AD&D) and a Waiver of Premium clause.  Dependent life insurance in the amounts of $5,000 for spouse and $2,500 for each child is also available as optional coverage.