Employee Life Insurance & AD&D

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

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

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 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 Mercer Marketplace website.

You may elect the following 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 with the PPS by visiting myCloud > myHR > Submit a Request to HR