Life and Accidental Death & Dismemberment (AD&D) Insurance provide financial protection for you and your family. You are eligible to participate if you are a regular employee scheduled to work at least 20 hours per week. These benefits are administered by Great-West Life.
Enroll in these benefits via the Adobe Benefits Enrollment Site.
Basic Employee Life Insurance
Adobe provides employees with Basic Life Insurance at no cost to you. The benefit is 3 times your salary, up to $630,000. Once you reach age 65, the benefit is reduced by 50%. Once you reach age 70, the benefit is terminated. Enroll in Employee Basic Life Insurance within 15 days of your first day of work.
Basic Spouse and Child Life Insurance
Adobe provides Basic Life Insurance to your spouse and dependent child(ren) at no cost to you. The benefit is $10,000 for a spouse and $5,000 for each child.
Enroll in Spouse and Child Basic Life Insurance within 15 days of your first day of work to receive guaranteed issue coverage for your spouse and children.
Optional Life Insurance
You can purchase Optional Life Insurance for yourself in $10,000 increments, up to $500,000. If you enroll in Employee Optional Life Insurance within 15 days of your first day of work, you will be eligible for up to $10,000 of coverage on a guarantee issue basis.
You may also purchase Optional Life Insurance for your spouse or domestic partner in $10,000 increments, up to $250,000.
You can enroll yourself and your spouse or domestic partner in Optional Life insurance at any time. If you purchase additional coverage, it will be subject to evidence of insurability—proof that you can be covered — before your coverage is approved.
The rates vary depending on your age, gender and smoker/non-smoker status. View the rates on the Adobe Benefits Enrollment Site.
Accidental Death & Dismemberment (AD&D)
If you die in an accident or sustain certain injuries, Adobe provides coverage in the amount equal to your Basic Life Insurance benefit.