Eligibility

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.

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

Note: Newly Eligible for Life Insurance

If you enroll within your 31-day enrollment period, you may elect Supplemental Life Insurance for yourself up to 10 times your Benefits Eligible Earnings or $1,000,000, whichever is less, and Spouse or Domestic Partner Life Insurance up to $30,000 without providing Evidence of Insurability. You may submit your prior-year Form W-2 to HR Services within 31 days of your date of hire to receive the maximum level of coverage based on your earnings. Contact HR Services for instructions.

If you do not enroll within your 31-day enrollment period, generally you will not receive Supplemental Life, Spouse or Domestic Partner Life, Child Life or Supplemental AD&D Insurance for your year of hire. If you elect (or increase) Employee Supplemental Life, Spouse or Domestic Partner Life Insurance coverage at a later date, you will be required to provide Evidence of Insurability.