Life, Accidental Death and Dismemberment (AD&D), and disability insurance, through Prudential, provide financial security to you and your family if you become seriously injured or pass away.
As an eligible employee, you receive Basic Life and AD&D coverage at no cost to you. You are automatically enrolled in this coverage the first of the month on/after 45 days of employment.
| Employment Category | Life Insurance Amount |
|---|---|
| Hourly Employees | $50,000 |
| Exempt Employees | 1x annual salary* up to $200,000 |
*If you’re an exempt employee earning less than $50,000 per year, this plan provides a minimum benefit of $50,000.
You may choose anyone to be the beneficiary of your Life and AD&D policy in the event of your death or serious injury. Review your beneficiary designation periodically to ensure it reflects your current wishes. You may change your beneficiary anytime by logging into UKG, then go to Benefits under Profile and click My Beneficiaries.
In addition to Basic Life and AD&D, you can buy Voluntary Life and AD&D coverage at discounted rates, for you, your spouse, and your child(ren). If you elect coverage within your first 30 days of eligibility, you can elect coverage up to the Guaranteed Issue amount without answering additional health questions.
The chart describes the amounts of coverage you can buy for yourself, your spouse, and your child(ren).
| Benefit Features | Voluntary Life and AD&D Options | ||
|---|---|---|---|
| Employee | Spouse | Dependent Child(ren) (up to age 25) |
|
| Coverage in increments of: | $10,000 | $5,000 | $10,000 |
| Maximum | $500,000 (cannot exceed 5x annual salary) |
$500,000 (cannot exceed 100% of employee coverage) | $10,000 |
| Guaranteed Issue Amount | $200,000 (cannot exceed 3x annual salary) |
$25,000 | $10,000 |
Note: Coverage exceeding $50,000 is considered imputed income. This means any amount over $50,000 must be included as income and will be subject to Social Security and Medicare taxes, which may be reflected in your paycheck.