PSEB provides Company-paid and Voluntary associate-paid Life and AD&D Insurance options for associates. Read more below…
PSEB provides eligible associates with Basic Term Life Insurance at no extra cost to you, and enrollment is automatic. You are not required to take any action to participate.
Life Insurance coverage amounts vary by Eligibility Group. See eligibility chart on the Eligibility & Enrollment Page to locate the Group into which you fall.
Benefits reduce to 65% at age 70 and 50% at age 75.
If you are eligible for life insurance, your AD&D benefit is equal to the amount of your Basic Life Insurance benefit and is provided at no extra cost to you. Benefits reduce to 65% at age 70 and 50% at age 75. Enrollment in the AD&D plan is automatic. You are not required to take any action to participate.
You need to designate a beneficiary to receive your Basic Life and AD&D Insurance benefit in the event of your death.
Designate a beneficiary as part of your online enrollment in UltiPro. You may also add or edit beneficiaries at any time during the year by logging into your UltiPro account.
Eligible associates may purchase additional Voluntary Term Life Insurance to cover yourself, your spouse, and your child(ren). If you enroll this Open Enrollment period, you may take advantage of the guaranteed issue amount and will not have to complete an Evidence of Insurability (EOI). If you do not enroll now, EOI requirements apply in the future.
Eligible associates may purchase Voluntary Accidental Death and Dismemberment (AD&D) insurance to cover yourself, spouse of child(ren).