Life Insurance
Life Insurance is a key component of having a sound financial plan and you can take comfort in the fact that your family will be protected financially in the event of your passing.
Basic Life Insurance
It’s important to plan for your family’s financial security in case the unexpected happens. That’s why Pearson provides employees with basic life insurance and basic accidental death and dismemberment (AD&D) insurance — at no cost to you.
Note: Coverage is automatic; you do not need to enroll.
Benefits are equal to Basic Life Insurance:
- 2 times pay for full-time regular employees
- 1 times pay for part-time employees who work >/= 20 hours per week
Basic Accidental Death & Dismemberment (AD&D)
Pearson provides basic 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: Coverage is automatic; you do not need to enroll.
Basic AD&D insurance benefits:
- 2 times pay for full-time regular employees
- 1 times pay for part-time employees who work >/= 20 hours per week
Reduction in Coverage Due to Your Age
Once you reach age 65, your basic life insurance benefits are reduced. Between the ages of 65 and 69, the benefit will be 65% of the original basic life insurance benefit. Upon attainment of age 70 or older, your benefit will be reduced to 50% of the regular amount. Age reductions apply on the date of your birthday. The basic life and basic AD&D insurance are not rounded following the age reduction.
Supplemental Life and Accidental Death & Dismemberment (AD&D)
You can purchase additional life and AD&D insurance for yourself. All newly hired or newly eligible employees have the option to elect coverage up to the guaranteed issue amount (4 times pay or $1,000,000, whichever is less) without having to provide evidence of insurability.
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 the Aptia365 website.
You may elect the following supplemental coverage:
- Supplemental employee life: 1X-6X pay up to a maximum of $2,000,000 (amounts greater than 4 times pay or $1,000,000 require evidence of insurability)
- Supplemental employee AD&D: $10,000 increments up to a maximum of $500,000
Reduction in Coverage Due to Your Age
Once you reach age 65, your supplemental life insurance benefits are reduced. Between the ages of 65 and 69, the benefit will be 65% of the original basic life insurance benefit. Upon attainment of age 70 or older, your benefit will be reduced to 50% of the regular amount. Age reductions apply on the date of your birthday. Supplemental life insurance is not rounded following the age reduction.
Evidence of Insurability (EOI)
Supplemental life insurance above your current election may require evidence of insurability (EOI). After electing supplemental coverage, you will receive more information if EOI is required.
Reporting a Death
To report a death, please put in a ticket by visiting myHelp or send an email to People Care at [email protected].
You can purchase additional life and AD&D insurance for for your spouse and your child(ren). Newly hired or newly eligible employees have the option to elect coverage up to the guaranteed issue amount without having to provide evidence of insurability (EOI).
You pay the full cost of any dependent life insurance and/or dependent 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 the Aptia365.
Spouse Insurance
Spouse Life
$5,000 increments up to a maximum of $100,000 or 6 times employee pay (spouse life greater than $50,000 requires EOI)
Spouse AD&D
50% (40% if children are covered) to a maximum of $250,000)
Child Insurance
Child Life
$5,000 increments up to a maximum of $20,000
Child AD&D
15% (10% if spouse covered) to a maximum of $50,000
Reduction in Coverage Due to Age
Once your spouse/partner reaches age 65, your supplemental life insurance benefits are reduced. Between the ages of 65 and 69, the benefit will be 65% of the original spouse/partner insurance benefit. Upon attainment of age 70 or older, the benefit will be reduced to 50% of the regular amount. Age reductions apply on the date of your spouse’s/partner’s birthday. Spouse/partner life insurance is not rounded following the age reduction.
Reporting a Death
To report a death, please put in a ticket with the Pearson People Care by visiting myHelp or sending an email to [email protected]
The BTA Insurance program pays benefits if you die or are injured as the result of an accident while traveling on company business, or if your spouse/dependent dies or is injured as the result of an accident while traveling on an approved business trip.
Although the BTA program does not provide medical coverage, you will be put in touch with a network of providers that can address medical, legal, information and personal assistance needs of travelers. Contact Zurich – the BTA insurer – at 1-800-263-0261 for Canada and U.S. or 1-416-977-1555 for anywhere else in the world.
Policy Number: GTU 4379302
As a Pearson employee, you are automatically covered and do not need to enroll.
To find out what services are provided through the BTA program, review the Zurich Travel Assist Brochure (PDF, 130 KB).
No matter how well you plan, unexpected challenges will arise. When they do, help and support are nearby — thanks to these value-added services from Lincoln Financial Group.
Funeral Prep
With many details to manage and decisions to make, the funeral planning process can be overwhelming. To help you every step of the way, Lincoln Financial has partnered with Funeral Decisions Co. to provide comprehensive planning services. Review the Lincoln Financial Funeral Prep flyer (PDF, 1.1 MB) for details.
LifeKeys
LifeKeys’ comprehensive program offers resources to help your loved ones address a range of common concerns.You’ll find supportive tools and advice on a wide range of topics — including legal, financial and even grief counseling. Review the Lincoln Financial LifeKeys flyer (PDF, 485 KB) for details.
TravelConnect
You’ll have dedicated support if you face an emergency when you’re 100 or more miles from home. Review the Lincoln Financial TravelConnect flyer (PDF, 835 KB) for details.