Benefits

Enhanced Life Insurance Coverage

Metlife

Enhanced life and AD&D insurance through MetLife

For 2024, MetLife replaces The Standard for our life and Accidental Death & Dismemberment (AD&D) insurance. We know how much you value financial protection from the unexpected. Our new partnership with MetLife allows us to offer higher levels of life insurance coverage than in prior years.

With this switch to MetLife comes a one-time opportunity for everyone: During this Annual Enrollment period only, teammates will be automatically approved for a supplemental life insurance increase of at least 1x their base salary, up to a maximum of the lesser of 3x or $300,000 without a Statement of Health. After this year’s Annual Enrollment, if you choose to elect any amount of coverage in the future, you’ll be required to submit a Statement of Health, so be sure to take advantage of this one-time offer.

What is a Statement of Health?

What is a Statement of Health?

A Statement of Health, also known as “evidence of good health” or “proof of good health,” is the process MetLife uses to determine whether you are healthy enough to be eligible for the amount of insurance coverage you are seeking.

A Statement of Health includes a series of questions about your overall health —such as whether you smoke or have been treated for a medical condition like cancer or high blood pressure. It may also include checking your vital signs.

Additionally, we’ve increased the maximum amount of supplemental life and AD&D insurance coverage you can elect from 7x your base salary to 9x your base salary, up to a maximum of $2 million.

As before, you can also elect supplemental life insurance coverage for your spouse and/or your children.

We know how much you care about your loved ones’ futures, and we hope this additional financial protection provides some peace of mind if the unthinkable happens.

Learn more about our new life and AD&D coverage through MetLife
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