Life and Accidental Death & Dismemberment (AD&D)
Basic Life and Accidental Death and Dismemberment (AD&D)
VMware provides Basic Life and Accidental Death and Dismemberment (AD&D) Insurance, through CIGNA, to help protect you and your loved ones, at no cost to you. All regular full-time employees are automatically covered for two times your annual salary to a maximum $1,000,000 each for Basic Life Insurance and for Accidental Death and Dismemberment Insurance. Commissioned employees are automatically covered for two times your on-target earnings up to a maximum of $1,000,000. AD&D pays an additional benefit (two times your annual base salary to a maximum benefit of $1,000,000) to your beneficiary if you die, or pays a benefit to you if you suffer an injury due to a covered accident.
Supplemental Life Insurance
You can purchase additional Life Insurance coverage for yourself, your spouse/domestic partner, and your dependent children. Supplemental Life Insurance premiums are taken from your paycheck on an after-tax basis.
You may purchase Supplemental Life Insurance for yourself up to a maximum of $1,500,000 or five times your basic annual earnings (whichever is less) in $10,000 increments. You must provide evidence of good health if you apply for Supplemental Life Insurance greater than $500,000.
You may purchase Supplemental Life Insurance for your spouse or domestic partner in $5,000 increments. You must provide evidence of good health if you apply for Life Insurance for your spouse or domestic partner greater than $100,000. The amount of spousal coverage is limited to the lesser of $250,000 or 50% of your Supplemental Life Insurance for yourself.
The monthly cost of coverage for you and your spouse/domestic partner is based on age:
2018 Employee and Spouse/Domestic Partner Supplemental Life Insurance per $1,000 of Coverage
|30 – 34||$0.108|
|35 – 39||$0.148|
|40 – 44||$0.181|
|45 – 49||$0.280|
|50 – 54||$0.503|
|55 – 59||$0.965|
|60 – 64||$1.260|
|65 – 69||$2.330|
You may purchase Supplemental Life Insurance for your dependent children up to age 26. Child Supplemental Life coverage is available in increments of $1,000, $2,000, $5,000 or $10,000. For children under 6 months old the maximum is $500. Evidence of good health is not required for dependent children.
2018 Child(ren) Supplemental Life Insurance Coverage1
1Foster Children and Legal Guardianships are not eligible for Child Supplemental Life Insurance.
How Much Life Insurance Do You Need?
Many factors can go into determining the amount of life insurance that you need. A simple rule of thumb is that you should leave about 70% of current income to the surviving family. The presumption being that the insured breadwinner uses about 30% of family income for himself / herself.
For additional resources to help you estimate how much life insurance you need, check out CIGNA’s My Life Check-Up. The My Life Check-Up is simple, quick and will give you a ballpark idea of how much coverage you may need.
Filing a Life Insurance Claim
If you need to file a life insurance claim, please contact HR Source for assistance. Losing a loved one can be overwhelming, visit the Loss of a Loved One page for guidance and resources during this tough time.
Basic Life, AD&D and Supplemental Life Portability and Conversion
AD&D Certificate 2017
AD&D Certificate 2018
AD&D Overview 2017
AD&D Overview 2018
Affidavit of Disabled Dependent Child
Basic Life Certificate 2017
Basic Life Certificate 2018
Basic Life Overview 2017
Basic Life Overview 2018
Supplemental Life Certificate 2017
Supplemental Life Certificate 2018
Supplemental Life Overview 2017
Supplemental Life Overview 2018
Life Insurance New Hire Benefit Byte Video [VMware network access required]
My Life Check-Up