Life and AD&D insurance

Life insurance and accidental death and dismemberment (AD&D) insurance provide financial protection to you and your family.

Team member life and AD&D insuranceDependent life insuranceOptional insurance costs

Team member life and AD&D insurance

Gen provides you with basic life and AD&D insurance at no cost to you. You can purchase additional coverage for yourself. Coverage is calculated using your annual base salary or on-target earnings (OTE).

Basic life insurance

  • 100% company paid.
  • Choose between coverage of 2 times your annual base salary or OTE, up to a maximum of $1.5 million, or a flat $50,000 in coverage.
  • The value of the premiums paid by Gen (not the value of the total coverage) for life insurance coverage over $50,000 will be reported as imputed income and will be taxable to you.

Optional team member life insurance
  • Team member paid.
  • Purchase up to 8 times your annual base salary or OTE as a new hire.
  • Elect the lesser of $500,000 or 3 times your base salary or OTE with no evidence of insurability (EOI) as a new hire.
  • During annual Open Enrollment, you can increase coverage by one multiple of your annual base salary or OTE. EOI will be required if your total coverage exceeds 3 times your annual base salary or OTE or is greater than $500,000.
  • Maximum coverage: $3 million.

Basic AD&D insurance
  • 100% company paid.
  • Coverage is 2 times your annual base salary or OTE.
  • Your total AD&D maximum coverage is $1.5 million.
  • There is no imputed income associated with the AD&D insurance provided by Gen.

Optional AD&D insurance
  • Team member paid.
  • Purchase up to 4 times your annual base salary or OTE with no EOI as a new hire.
  • During annual Open Enrollment, you can increase by one multiple of your annual base salary or OTE without EOI.
Back to top

Dependent life insurance

Need additional financial protection? You can purchase optional life insurance for your spouse or domestic partner and children.

 Spouse or 
domestic partner		Children
Coverage amounts available$10,000  
$20,000  
$50,000  
$75,000  
$100,000  
$125,000  
$150,000  
$175,000  
$200,000  
$225,000  
$250,000  
$275,000  
$300,000		$1,000  
$2,500  
$5,000  
$7,500  
$10,000  
$15,000  
$20,000  
$25,000
Maximum amount100% of your basic and supplemental life insuranceNot applicable
Evidence of insurabilityEOI required to increase coverageNot applicable

If both you and your spouse or domestic partner work for Gen, you cannot elect dependent life insurance for each other, and only one of you can elect child life insurance for the same child.

Back to top

Optional insurance costs

You pay for optional life and optional AD&D insurance through after-tax payroll deductions. 

Review the rates for yourself and your family members before you enroll.

Back to top