It’s not easy thinking about accidents and death, but if they happen, Publicis provides benefits to protect your financial resources. We offer Basic Life Insurance at no cost to you, and you can choose to supplement that coverage with additional insurance coverage through MetLife. Below is a snapshot of the life and AD&D coverage, and you can find the full coverage listed in the Life & AD&D Summary Plan Description found in the Documents section on this page.
Our group number is 191110.
To help you get an idea of how much life insurance to consider, try MetLife’s calculator.
We offer two basic life insurance coverage options at no cost to you:
Option 1 | One-and-a-half times your base pay,* rounded to the next higher $1,000 to a maximum of $750,000 |
---|---|
Option 2 | Flat dollar coverage of $50,000 for employees who wish to avoid paying imputed income tax. This option is only available to employees earning more than $33,333.34 per year |
* Base pay is your annualized base wage excluding bonuses, commissions, shift differentials, overtime or any other additional compensation.
With basic life insurance, please note:
You may choose to purchase supplemental life insurance coverage for you, your spouse/domestic partner or eligible dependents.
Who’s eligible | Coverage choices |
---|---|
Employees |
|
Spouse/Domestic partner |
|
Eligible dependent(s) |
|
Here are a few things to note with supplemental life insurance coverage:
If you and your spouse both participate in Publicis benefits, a few restrictions apply to dependent life coverage because of the duel coverage:
Accidental Death & Dismemberment Insurance (AD&D) complements your Supplemental Life Insurance with coverage for severe accidents or loss of life on or off the job. AD&D insurance pays benefits if you suffer a covered accident that results in paralysis or the loss of a limb, speech, hearing or sight, or if you suffer a covered fatal accident. No health questions are required.
Employee | 1 to 8 times your base annual earnings up to $2,000,000 |
---|---|
Employee and family plan |
|
At age 65, your Optional AD&D coverage reduces to 65% of the coverage amount, and at age 70, it reduces to 50% of the coverage amount.
In the unfortunate event that a covered family member is medically confirmed to have less than 12 months to live, an accelerated death benefit of 100% of the face amount of coverage to a maximum of $1 million (Basic and Supplemental Life combined for the employee) is available.
The accelerated death benefit is payable in the period after the claim is approved and prior to the covered individual’s death. This benefit only applies to Basic, Supplemental, and Dependent Life Insurance coverage.
If you are no longer eligible for life insurance as an active employee, you have the opportunity to continue your active group term life insurance coverage without evidence of insurability.
Coverage Continuation | Basic, Supplemental, Spouse and Child Life Group Term Life Insurance can continue for one year. No coverage or age maximums apply. In order to continue your Group Term Life Insurance coverage, you will need to contact MetLife and elect “Continuation” within 30 days of your termination date. When your continued coverage terminates after one year, you have the option to either “port” your group term life insurance or “convert” your Group Term Life Insurance to an individual policy. |
---|---|
Portable Coverage | Under the portability option, coverage you have elected for yourself is portable up to $500,000 (to a maximum amount of $325,000 if age 65 and older). Spouse policies are portable up to $150,000 up to age 64 (to a maximum amount of $97,500 if age 65 and older), and child policies are portable up to age 21, or age 25 if your child is a full-time student. Coverage that exceeds portability limits can be converted. |
Coverage Conversion | Basic, Supplemental, Spouse and Child Life Group Term Life Insurance can continue for one year. No coverage or age maximums apply. In order to continue your Group Term Life Insurance coverage, you will need to contact MetLife and elect “Continuation” within 30 days of your termination date. When your continued coverage terminates after one year, you have the option to either “port” your group term life insurance or “convert” your Group Term Life Insurance to an individual policy. |
Our group number is 191110. To speak with a MetLife representative, you can reach them at 1-877-275-6387.