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 $2,000,000 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 $2,000,000. AD&D pays an additional benefit (two times your annual base salary to a maximum benefit of $2,000,000) to your beneficiary if you die, or pays a benefit to you if you suffer an injury due to a covered accident.
If your Basic Life coverage exceeds $50,000, the value of the coverage in excess of $50,000 will result in taxable income. If you elect the $50,000 Basic Life coverage amount, you would not incur any taxable income.
Supplemental Life Insurance
As a New Hire, 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 $2,000,000 or five times your basic annual earnings (whichever is less) in $10,000 increments. You must provide Evidence of Insurability (EOI)  if you apply for Supplemental Life Insurance greater than $750,000.
You may purchase Supplemental Life Insurance for your spouse or domestic partner up to a maximum of $375,000, 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. After your New Hire event closes, any other requests to increase Supplemental Life Insurance will require you provide evidence of insurability.
The monthly cost of coverage for you and your spouse/domestic partner is based on age:
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 $20,000. For children under 6 months old the maximum is $500. One low premium will insure all your eligible children. Evidence of good health is not required for dependent children. Foster Children and Legal Guardenships are not eligible for Child Supplemental Life Insurance.
If you are covering a disabled dependent child over the age of 26, please complete the Affidavit of Disabled Dependent Child  within 31 days of election and return to HR Source  [VMware network access required].
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  [VMware network access required] 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.