Life insurance provides financial protection for you and your family. It’s available for employees, Adobe-paid temporary employees and interns and is provided by Adobe in partnership with Generali at no cost to you.
Enrolment
Life insurance provides financial protection for you and your family. It’s available for employees ages 16 to the State Pension Age, and is provided by Adobe at no cost to you.
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! You must name your beneficiaries and keep them up to date. You can do this via My Adobe Benefits (powered by Benify).
Cover
Life insurance is provided by Generali. Cover is 4 times your base annual salary at the time of death, up to a maximum of £1.5 million and will be paid out to your beneficiaries as nominated or in line with the rules, terms, and conditions of the policy.
Nominate a beneficiary
- Go to My Adobe Benefits (powered by Benify) and nominate your beneficiary(ies). You can also change them at any time while you are employed by Adobe.
- Go to My Benefit Selections.
- Select Life Insurance > Add beneficiary.
- Complete beneficiaries’ information.
- Confirm the information provided is correct.
- Click Save.
A confirmation message should pop up if you’ve successfully submitted your selections.
Death In Service pension
If you die in service, Adobe offers an additional benefit for your named beneficiaries. This benefit scheme closed on 1 April 2021 and only applies to employees hired prior to that date.
Eligibility: Employees hired on or prior to 31 March 2021 are eligible for the Death In Service pension cover.
Dependant eligibility: You must declare your beneficiary(ies) on My Adobe Benefits (powered by Benify) in order for them to be eligible to receive a benefit in the event of your death.
Benefit: In the event of your death, your named beneficiaries will receive a one-time, lump sum payment of £250,000.
Life insurance FAQs
Does this benefit count towards my lifetime allowance?
Does this benefit count towards my lifetime allowance?
Yes. The plan is a registered life assurance scheme and must comply with the rules applied by HMRC. With the abolition of the Lifetime Allowance (LTA) from 6 April 2024, benefits are no longer subject to the LTA. Instead, tax-free lump sums are tested against the Lump Sum Allowance (LSA) and Lump Sum and Death Benefit Allowance (LSDBA). Registered benefits exceeding these allowances will be subject to taxation on the excess amount. Read this document for a more detailed answer and an example [PDF].
Is this a taxable benefit?
Is this a taxable benefit?
HMRC does not currently classify life insurance as a benefit in kind, and therefore it is not taxable.
Does my insurance cover include the Death In Service pension?
Does my insurance cover include the Death In Service pension?
The Death In Service pension is a closed scheme that applies only to employees who joined Adobe prior to 31 March 2021. If you joined Adobe on 1 April 2021 or after, you are not eligible for this cover.
What happens if I leave Adobe?
What happens if I leave Adobe?
Your membership in the plan will cease on the day you leave Adobe.
Contacts and resources
Employee Resource Centre
Submit a request via the Support Centre.