Supplemental Life Insurance

2021 and 2022 Plan Year Information

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

* In the event of the death of an employee’s spouse or domestic partner, the employee will receive a death benefit of $2,000. In the event of the death of an employee’s dependent child (aged 14 days through the end of the month after they reach age 26 years) or the dependent child of an employee’s spouse or domestic partner, the employee will receive a death benefit of $2,000; if both parents are employees (or both the parent and spouse or domestic partner are employees), $2,000 will be issued to each employee. These death benefits will be paid to the employee whether or not they have elected supplemental life insurance for their spouse/partner and or children.

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.