Life Assurance

Life Assurance provides financial protection for you and your family. It’s available for employees ages 16 to 64, and is provided by Adobe at no cost to you.

Coverage is 4 times your base salary, up to a maximum £1.5 million. It will be paid out to your beneficiaries if you die. They’ll also receive an annual pension equal to 20% of the annual salary you were earning when you passed. They’ll receive this pension for the rest of their life, unless the beneficiary is a child. In that case, the pension will end at age 18, or age 23 if the child is in school.

Review the Group Life Insurance [PDF] overview for more information.

Considerations

  • The annual pension counts toward the £1.5 million maximum. Employees with significant salaries may want to talk to a financial planner for advice on setting up their benefits in a tax-efficient way.
  • Don’t forget! Always keep your beneficiaries up to date. You can do this via My Adobe Benefits.