VMware provides Life Insurance through the Retirement Plan.
All regular full and part time employees of VMware are eligible to be covered for Life Insurance.
- If you should die while in the service of VMware due to illness or injury your beneficiaries will receive a Lump Sum payment of four (4) times your annual On Target Earnings (OTE) at your date of death, together with the value of Member paid Contributions/AVCs, if any, to your Retirement Savings Account.
- In addition, if you have a dependent/dependents at your date of death, a dependents pension of 4/9th of your base salary is payable.
- A Nominated Dependent’s Pension is not automatically insured. If you are unmarried but you have a Dependent(s) you may wish to apply to the Company for this benefit via MyLife [VMware network access required].
You are automatically enroled in the Life Insurance benefit from your date of joining the Company. Your inclusion in the plan is subject to acceptance by the underwriting company.
VMware pays 100% of the premium costs for the Life Insurance.
When Coverage Begins
Coverage will begin on your first day of active work as a VMware employee.
When Coverage Ends
Coverage will end on the last day of your employment with VMware.
Death and Disability Explanatory Member Booklet [VMware network access required]
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Last Updated: 16 Nov 2021, 10:02 AM