Life and Accidental Death & Dismemberment (AD&D) insurance, through Guardian, provide financial security to you and your family if you pass way or become seriously injured.
As an eligible employee, you receive Basic Life and AD&D insurance equal to 2x your base annual salary up to a maximum of $500,000. The company provides Basic Life and AD&D at NO COST to you.
You may choose anyone to be the beneficiary of your Life and AD&D policies. Review your beneficiary designation periodically to make sure it reflects your current wishes. You can change your beneficiary at any time by logging in to Workday.
In addition to Basic Life and AD&D, you may purchase Supplemental Life and AD&D coverage at discounted rates. The chart below describes the Supplemental Life coverage you can buy for yourself, your spouse, and your child(ren). For Supplemental AD&D, you may purchase up to $1,000,000 in additional coverage in increments of $50,000. The chart describes the amount of Supplemental Life and AD&D coverage you can buy for yourself, your spouse, and your child(ren).
| Benefit Features | Supplemental Life/AD&D Options | ||
|---|---|---|---|
| Employee | Spouse | Dependent Child(ren)** | |
| Coverage Options | 1 to 5x your base annual salary | $10,000 increments | $5,000 increments |
| Maximum | $1,000,000 | $150,000 (cannot exceed employee coverage) | $25,000 |
| Guaranteed Issue Amount | $500,000 | $50,000 | $25,000 |
| Guaranteed Issue Period | Within 30 days of benefits eligibility or a qualifying life event | ||
*A Statement of Health may be required.
**Children ages 14 days to 19 years, or 25 years if a full-time student, are eligible for coverage. Children over age 19 are also eligible if permanently disabled and dependent on you for financial support.
You are covered up to three times your annual base salary (rounded to the next highest thousand) up to a maximum principal sum of $1,000,000, for emergency health services related to an accident or illness while on business travel. This protection extends to your traveling spouse and unmarried dependent children, while on a business trip or business sojourn (leisure trip directly connected before, after, or during a business trip) when outside your home country. Additionally, you are also covered for AD&D up to 3x your annual base salary.