Life and AD&D Insurance

Overview

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.

Tips for choosing a life and/or AD&D insurance plan

Determine the optimal amount of protection for yourself and your family. If you die or become permanently disabled, what other sources of income would be available for your family? What are your family’s living expenses, and how are those likely to increase or decrease over time?
Compare the different options available to you and determine which plan or plans provide the protection you and your family need.

To help you get an idea of how much life insurance to consider, try MetLife’s calculator.

Basic life insurance

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:

The Internal Revenue Service (IRS) requires your employer to include in your gross income each year the cost of your life insurance coverage in excess of $50,000 that is paid by your employer. Option 2, flat dollar coverage of $50,000, is offered to employees who wish to avoid paying imputed income on their Company-paid life insurance coverage.
Evidence of insurability is not required. Evidence of Insurability — a written, notarized acknowledgement that you meet the insurer’s conditions for coverage — is not required for your Basic Life Insurance election.

Supplemental life insurance

You may choose to purchase supplemental life insurance coverage for you, your spouse/domestic partner or eligible dependents.

Who’s eligible	Coverage choices
Employees	1 to 8 times your base annual earnings up to a maximum of the lesser of 8 times base annual earnings (post-tax) or $2,000,000 Coverage will reduce at ages 65-69 by 65% and ages 70+ by 50%.
Spouse/Domestic partner	Option 1: $50,000 Option 2: 1 to 5 times base annual earnings (post-tax) up to $300,000 Not to exceed 100% of your employee life benefits, combined Basic Life and Supplemental Life benefits. Coverage will reduce ages 65-69 by 65% and ages 70+ by 50%.
Eligible dependent(s)	You can also purchase coverage of either $5,000, $10,000 or $25,000 for each dependent child with after-tax paycheck deduction. In order for dependent child to be eligible the following should be met: Must be under age 21 (or under age 25 if a full-time student), You must legally support the child, and the child must permanently live in the home in which you are the head of the household.

Here are a few things to note with supplemental life insurance coverage:

The base pay used to determine your coverage is rounded to the next higher $1,000.
The maximum amount of Supplemental Life Insurance coverage available is $2 million; the maximum coverage amount of Basic and Supplemental Life Insurance combined is $2.75 million.
Some evidence of insurability is required.
- If you elect Supplemental Life Insurance as a new hire, you do not need to provide Evidence of Insurability (EOI) for coverage that is the lesser of three times your base pay or $750,000.
- EOI will be required any time you wish to enroll for Supplemental Life Insurance coverage by a multiple of greater than one times your base pay.
- During Open Enrollment, employees who are not currently enrolled in Supplemental Life Insurance will be required to provide EOI.

Restrictions with duel coverage

If you and your spouse both participate in Publicis benefits, a few restrictions apply to dependent life coverage because of the duel coverage:

The base pay used to determine your coverage is rounded to the next higher $1,000.
The maximum amount of Supplemental Life Insurance coverage available is $2 million; the maximum coverage amount of Basic and Supplemental Life Insurance combined is $2.75 million.
Some evidence of insurability is required.
- An employee is not eligible to be insured as a spouse
- A child is only eligible for coverage under one employee

Accidental Death & Dismemberment Insurance (AD&D)

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	Spouse/Domestic partner/Same sex domestic partner Only: 60% of your coverage amount up to $500,000 Spouse/Domestic partner/Same sex domestic partner & Child(ren): Spouse: 50% of your coverage amount up to $500,000 Child(ren): 10% of your coverage amount up to $50,000 Child(ren) Only: 15% of your coverage amount up to $50,000

Reduction in coverage

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.

Accelerated death benefit

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’re no longer eligible for life insurance

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.

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