Supplemental Accident Insurance

2021 and 2022 Plan Year Information

Life Insurance | AD&D | Business Travel Accident InsuranceSupplemental Life and AD&D Insurances

The Firm provides active employees with the following three coverages – at no cost to you. MetLife administers the Life and AD&D Insurance Plans and makes all decisions as to eligibility and benefits. Cigna insures and administers the Business Travel Accident Plan:

  • Basic Employee Life Insurance helps safeguard you against the unexpected. You have $50,000 of basic coverage. Note: Employees may also purchase Supplemental Life Insurance for themselves, their spouse/domestic partner and dependent children.
  • Accidental Death & Dismemberment (AD&D) Insurance provides $50,000 of financial protection, per person, if you or a covered family member dies or suffers dismemberment, loss of sight, speech or hearing, or paralysis because of and within 365 days of a covered accident. Note: Employees may also purchase Supplemental AD&D Insurance for themselves, their spouse/domestic partner and dependent children.
  • Business Travel Accident Insurance pays your named beneficiaries a cash payment of five times your Benefits Eligible Earnings, up to a maximum of $3 million, if you are injured while traveling on approved business for the Firm. Your spouse or domestic partner, and eligible dependent children who accompany you on an approved business trip are also covered; to learn more about their levels of coverage, see the Health Benefits and Insurance SPD.

Benefits in Brief

Protect yourself and your family with optional Accidental Death & Dismemberment coverage.

Note: This coverage is in addition to the basic AD&D coverage the Firm provides at no cost to you.

Supplemental Life and AD&D Insurances

In addition to the Basic Life and Accidental, Death & Dismemberment (AD&D) Insurance the Firm provides at no cost to you, you may purchase Supplemental Life and AD&D Insurances for yourself, your spouse or domestic partner and your children up to age 26. Coverage for a spouse or domestic partner is available only if you elect Supplemental Life or AD&D coverage for yourself. You pay the full cost of these two insurances at group rates, and your contributions are deducted from your pay on an after-tax basis.

Supplemental Life InsuranceSupplemental AD&D Insurance
Employee

Up to 10x benefits eligible earnings or $5 million maximum

Up to 10x benefits eligible earnings (in set increments), subject to $5 million maximum; this is your Principal Sum

Spouse/Domestic Partner

Up to the lesser of the employee supplemental life elected for yourself or $250,000*

100% of your elected Principal Sum, up to $1 million

Children

Up to $20,000 per child in $5,000 increments

25% of the elected Principal Sum for each dependent child, up to $250,000

Family

N/A

  • 75% of the elected Principal Sum for spouse or domestic partner, up to $750,000
  • 25% of the elected Principal Sum for each dependent child, up to $250,000

Evidence of Insurability Requirements

Employee Supplemental Life InsuranceSpouse or Domestic Partner Life InsuranceChild Life Insurance
New Hire or Newly Benefits Eligible

Required if electing over $1 million (if eligible)

Required if electing over $30,000

Not required

Annual Enrollment or Qualified Life Event

Required if:

  • Previously eligible but enrolling for the first time
  • Increasing more than one level of coverage or over $1 million

Required if:

  • Previously eligible but enrolling for the first time
  • Increasing more than one level of coverage or over $30,000

Not required

Cost of Coverage

Semi-monthly rates for supplemental life and accidental insurance are based on your age, beneficiary(ies), coverage amount and your tobacco-use status.

Costs should be doubled to reflect monthly amounts for international employees paid monthly and employees on unpaid leave.

Find complete cost information in the Summary Plan Description.

Life and AD&D Insurance Providers

MetLife administers the Life Insurance and AD&D Plans and makes all decisions as to eligibility and benefits.