Life Insurance and AD&D
Life insurance and Accidental Death & Dismemberment (AD&D) coverage help your family with financial obligations in the event of a death, terminal illness, or serious injury. AMC Global Media provides basic coverage to you at no cost.
Company-Provided Coverage
Basic Term Life Insurance
One times (1x) your annual eligible pay up to a maximum of $3.5 million.
New hires receive up to a maximum of $1 million without having to provide Evidence of Insurability (Good Health).
This coverage is automatically reduced when you reach age 70.
Basic AD&D
Pays a full benefit if you die because of an accident or a partial benefit if you lose a limb, lose eyesight, or suffer paralysis as the result of an accident.
One times (1x) your annual eligible pay up to a maximum of $3 million.
Who Can I Contact if I Have Questions?
Benefits Department at 1-646-273-7320 or Benefits@AMCGlobalMedia.com.
Dependent Life
$5,000 for your spouse or domestic partner and eligible children. You will be asked to provide your beneficiary’s Social Security number and date of birth.
Supplemental Term Life
Employee: up to six times (6x) your annual eligible pay (rounded up to the next higher $1,000) up to a combined maximum of $3.5 million with Basic Life.
Spouse/domestic partner: up to six times (6x) your annual eligible pay (rounded up to the next higher $1,000) up to a maximum equal to your Basic Life coverage or $250,000, whichever is less. Supplemental life insurance coverage for a spouse/domestic partner cannot exceed that of an employee.
Children: $10,000 or $20,000 per child (the amount you choose applies to all dependent children).
The cost is $0.071 per $10,000 of child coverage. The cost for employee and spouse/domestic partner coverage is based on your age and the amount of coverage you select. You can view costs these costs during enrollment.
Supplemental AD&D
The amount of coverage you can elect depends on which dependents you cover.
Employee only:
10 x your annual salary up to $500,000 in increments of $10,000
Employee + spouse/domestic partner:
Employee — up to $500,000 in increments of $10,000 plus
Spouse/domestic partner — 60% of your Supplemental AD&D coverage
Employee + children
Employee — up to $500,000 in increments of $10,000 plus
Children — 20% of your Supplemental AD&D coverage
Employee + family
Employee — up to $500,000 in increments of $10,000 plus
Spouse/domestic partner — 55% of your Supplemental AD&D coverage
Children — 20% of your Supplemental AD&D coverage
Business Travel Accident Insurance (BTA) Coverage
Business Travel Accident Insurance provides additional financial protection if you suffer accidental death, paralysis, or dismemberment while traveling on company business. AMC Global Media provides this coverage at no cost to you.
BTA coverage may equal up to an additional four times (4x) your annual eligible pay, up to $3 million. This coverage is in effect 24 hours a day, 7 days a week while traveling on company business.
Additional Coverage
You have the option to buy supplemental life insurance and AD&D coverage as a new hire or during Open Enrollment each year.
You must elect supplemental coverage for yourself if you want supplemental coverage for your spouse/domestic partner and children. If you and your spouse/domestic partner both work for AMC Global Media, you cannot elect supplemental life insurance for each other.
Evidence of Insurability (Good Health) for Life Insurance
Depending on when and how much coverage you choose, you may need to provide Evidence of Insurability (Good Health) for you or a covered spouse/domestic partner.
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Employee
As a new hire, Evidence of Insurability (Good Health) is required if you:
- Elect more than two times (2x) your annual eligible pay for Supplemental Term Life Insurance, or
- Elect more than $1 million of coverage (combined with Basic Life Insurance).
During Open Enrollment, Evidence of Insurability (Good Health) is required if you:
- Currently have Supplemental Term Life Insurance and increase your coverage by more than one times (1x) your annual eligible pay, or
- Don’t currently have coverage and elect any amount of Supplemental Term Life Insurance, or
- Elect more than $1 million of coverage (combined with Basic Life Insurance).
Spouse/Domestic Partner
Evidence of Insurability (Good Health) is required for your spouse/domestic partner if:
- The coverage you elect as a new hire exceeds the lesser of one time (1x) your annual eligible pay or $25,000.
- If you elect any Supplemental Term Life Insurance coverage for your spouse/domestic partner during Open Enrollment.
Eligible Pay
For life and AD&D, your eligible pay is your current base pay plus certain commissions you were paid in the 12-month period ending September 30 of the previous year, or since your date of hire if you are a new employee.
It does not include overtime, bonuses, differentials, fringe benefits, incentives or any other pay you have received on an intermittent basis or not as part of your primary compensation structure.
Living Benefit: Early Access to Live Coverage
If you have a terminal illness with less than 12 months to live, you can request 75% of your life benefit, up to $500,000. This reduces your death benefit. Taxes an public-assistance impacts may apply.
Premium Waiver and Keeping your Coverage
You may qualify for waived premiums after a period of total disability. You may be able to keep coverage when you leave, retire or change work hours. Eligibility restrictions apply.
Ready to Enroll?
Visit Workday, our benefits portal, to view your benefits options and make your elections.