Supplemental Life Insurance

2020 Plan Year Information

Life and Accidental Death & Dismemberment (AD&D) Insurance

Life Insurance helps safeguard you against the unexpected. Accidental Death & Dismemberment (AD&D) Insurance provides financial protection if you or a covered family member dies or suffers dismemberment, loss of sight, speech or hearing, or paralysis as a result of and within 365 days of a covered accident.

At no cost to you, the Firm provides $50,000 of Basic Life Insurance coverage and $50,000 of Basic Accidental Death and Dismemberment (AD&D) Insurance to active employees. You also receive Business Travel Accident Insurance at no cost, in the amount of five times your Benefits Eligible Earnings, up to a maximum of $3 million.

Supplemental Life and AD&D Insurance

You may purchase Supplemental Life and AD&D insurance 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 coverage for yourself. You pay the full cost of supplemental insurance 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 $200,000

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

If electing over $1 million (if eligible)

If electing over $30,000

No Evidence of Insurability required

Annual Enrollment or Qualified Life Event
  • If previously eligible but enrolling for the first time
  • If increasing more than one level of coverage or over $1 million
  • If previously eligible but enrolling for the first time
  • If increasing more than one level of coverage or over $30,000

No Evidence of Insurability 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 is the Firm’s Life Insurance and AD&D administrator. All decisions as to eligibility and benefits are made by MetLife. The Business Travel Accident Plan is insured by Cigna.