Life and Disability

The Sample Company provides, at no cost to you, basic life and AD&D insurance. In the event of your death, our life insurance policy helps provide a general safety net for your beneficiaries. If you are a full-time employee, your coverage is equal to 2 x your basic annual earnings, up to a maximum of $300,000. AD&D provides another layer of benefits to either you or your beneficiary if you suffer from loss of a limb, speech, sight, or hearing, or if you die in an accident. We will be partnering with Guardian for our life insurance coverage in 2020.

Due to IRS regulations, a life insurance benefit of $50,000 or more is considered a taxable benefit. You will see the value of the benefit included in your taxable income on your paycheck and W-2.