Additional Programs  Life and AD&D Insurance Life and AD&D |
May 13, 2024 |
Life and Accidental Death & Dismemberment (AD&D) Insurances
Basic Life and AD&D insurances are provided by the company at no cost to benefits eligible Full-time and Part-time associates per the following schedule:
| |
Basic
Life* |
Basic
AD&D* |
| Full-time associates |
$25,000 |
$30,000 |
| Part-time associates |
$8,500 |
$10,500 |
Combined maximum for basic & optional coverage is $4.5 million for life and $1.5 million for AD&D) and associate paid dependent coverages**.
Optional Life Insurance, Dependent Life Insurance and Optional Accidental Death and Dismemberment (AD&D) Insurance
| Optional Associate Life |
| 1x salary to 5x salary ($4,500,000 maximum) |
- Dependent Life Insurance: Pays a benefit to the associate if his/her covered dependent(s) die.
| Spouse Only |
Child(ren) Only |
Spouse/Child(ren) Combined |
Choice of: $5,000 or
$10,000 or $25,000 |
Choice of: $2,500 or
$5,000 or $10,000 |
Choice of:
$5,000 Spouse/$2,500 Child(ren) or
$10,000 Spouse/$5,000 Child(ren) or
$25,000 Spouse/$10,000 Child(ren) |
- Optional AD&D: Associate only or associate plus dependent
| Optional Associate AD&D |
| 1x salary to 6x salary ($1,500,000 maximum) |
- Optional Family / Dependent AD&D Insurance: Pays a benefit to the associate if his/her covered dependent(s) die as a result of a covered accident or if his/her covered dependent(s) lose a limb, sight or hearing as a result of an accident.
| Spouse Only |
Child(ren) Only |
Spouse/Child(ren) Combined |
60% of the associate’s
optional AD&D amount |
20% of the associate’s
optional AD&D amount |
Percentage of the associate’s
optional AD&D amount
50% for spouse & 10% per child |
The Non-union Life, AD&D, BTA, LTD, Summary Plan Description and STD Program provides additional information.
*Merchandisers, Field Coordinators, Revision Leads, leased employees, independent contractors and certain union employees are not eligible for the programs listed here. However, Field Coordinators and Revision Leads are eligible for the optional programs.
**If the associate and the associate's spouse both work for the company and are both benefits eligible, the associate may not be covered as a dependent for Optional Life and/or Optional AD&D and only one may choose coverage for dependent children.
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