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.
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
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 Mercer Marketplace 365+.
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.