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Special enrollment opportunity

During this year’s Open Enrollment, you have a one-time opportunity to enhance your life insurance protection without answering health questions. From Monday, Oct. 21 through Friday, Nov. 1, 2024, you can either elect for the first time or increase your existing supplemental coverage up to three times your covered annual earnings without answering health questions. To apply for additional coverage above three times your covered annual earnings, you’ll answer a few questions about your health history, along with height and weight.

 

Overview

It’s important to plan for your family’s financial security in case the unexpected happens. That’s why MSI provides employees with basic life insurance and basic accidental death and dismemberment (AD&D) insurance — at no cost to you.

You also have the option to purchase supplemental life and/or supplemental AD&D insurance for yourself and your family through easy payroll deductions.

Learn more

Read this summary, the Basic Life and AD&D insurance policy or the Supplemental Life and AD&D policy to find more details about your life and AD&D benefits, including your coverage options, cost of coverage and frequently asked questions.

 

Basic Life and AD&D

MSI provides basic life and AD&D insurance to assist you and your family in the event of a death or dismemberment. These benefits are fully paid by the company. Note: Company-paid coverage is automatic; you do not need to enroll.

Benefits are equal to:

  • Basic life insurance: 1 times eligible compensation up to $1,250,000
  • Basic AD&D insurance: 1 times eligible compensation up to $1,250,000
 

Supplemental Life and AD&D

You can purchase additional life and AD&D insurance for yourself, as well as coverage for your spouse/domestic partner and your child(ren). You pay the full cost of any supplemental life insurance and/or supplemental AD&D insurance coverage. You must purchase coverage for yourself in order to purchase it for your dependents. If you want supplemental coverage, you must enroll on Aptia365.

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Employee life

You may purchase up to the lesser of 10 times eligible compensation or $3,000,000

Spouse/domestic partner life

You may purchase up to the lesser of the elected Employee amount or $200,000

Child life insurance

You may purchase life insurance for your child(ren) up to $25,000

Accidental Death & Dismemberment (Employee only or Employee plus Family)

You may purchase up to the lesser of 10 times eligible compensation or $3,000,000

Evidence of insurability

Life insurance over a certain amount may require evidence of insurability (EOI). After electing coverage, you will receive more information if EOI is required.