PTMA offers financial protection for you and your family in the event of an accident or death. A life insurance policy provides a benefit to the beneficiary you designate. If your death is the result of an accident or if an accident leaves you with a covered debilitating injury, you are covered under Accidental Death & Dismemberment (AD&D) insurance as well.
Basic life and AD&D coverage are provided automatically at no cost to you upon the first day of the month on or after your date of hire. You also have the option to elect additional life insurance coverage for yourself and your eligible dependents.
Life Insurance + AD&D insurance plans are administered by Unum.
| BASIC LIFE | Benefit |
|---|---|
| Plan Funding | 100% Company-Paid |
| Benefit Amount | 1x your Basic Annual Earnings |
| Benefit Maximum | $500,000 |
You have the option to elect additional life insurance and AD&D coverage for yourself and your eligible dependents. Age-banded rates are shown per $1,000 of coverage.
| Employee Coverage | Benefit |
|---|---|
| Plan Funding | 100% Employee-Paid |
| Benefit Amount | Up to 5x your annual salary in $10,000 increments |
| Benefit Maximum | $500,000 |
| Minimum Coverage | $10,000 |
| Guarantee Issue | $200,000 |
| Spouse Coverage | Benefit |
|---|---|
| Plan Funding | 100% Employee-Paid |
| Benefit Maximum | $150,000 |
| Minimum Coverage | $5,000 |
| Guarantee Issue | $50,000 |
| Child Coverage | Benefit |
|---|---|
| Plan Funding | 100% Employee-Paid |
| Benefit Maximum | $10,000 |
| Minimum Coverage (6m or younger) | $1,000 |
| Minimum Coverage (6m or older) | $2,000 |
Guarantee Issue (GI): This means you can enroll in a benefit plan without having to answer health questions or provide medical history. GI is typically available during your initial eligibility period or special enrollment periods.
Evidence of Insurability (EOI): Some benefit elections above the guaranteed issue limit require EOI. This means you must provide health information for the insurer to determine approval. Coverage is not guaranteed and may be subject to underwriting review.
Beneficiary Designation: You will need to designate a beneficiary for any basic and employee voluntary life insurance coverage. If you name more than one beneficiary, be sure to indicate the percentage you wish each beneficiary to receive. The percentages must total 100%.
Note: It is essential to keep your beneficiary designations current. Each year during the open enrollment period, review your beneficiary designation elections and make any updates as necessary.
All detailed plan information—including detailed benefit summaries, premiums, and other plan documents—is available in your Rippling portal. Log in anytime to review your coverage, access forms, and download important documents.
If you need help filing a claim or contacting Unum, click “Employee Support” below.