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. Employees may also purchase Supplemental Life Insurance for themselves, their spouse/domestic partner and dependent children. Note: The Firm also offers three supplemental income-protection insurances if you are injured, have a serious illness or plan to have a baby or inpatient surgery.
- 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.