Employee Life Insurance and AD&D

Employee Life Insurance and AD&D

Basic Life Insurance

Pearson provides basic life 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:

    • 2 times pay for full-time regular employees
    • 1 times pay for part-time employees who work >/= 20 hours per week

Accidental Death & Dismemberment

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: Company-paid 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

Supplemental Life and Accidental Death & Dismemberment

You can purchase additional life and AD&D insurance for yourself, as well as coverage for your spouse and your child(ren). All employees have the option to elect coverage up to the guaranteed issue amount regardless of your current election 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 Pearson Benefits Marketplace website.

You may elect the following coverage:

  • Supplemental employee life: greater than 4 times pay or $1,000,000 (evidence of insurability is required)
  • Supplemental employee AD&D: $10,000 increments up to a maximum of $500,000