MetLife Basic Life and AD&D

Basic Term Life and AD&D

Basic Life and Accidental Death & Dismemberment (AD&D) Insurance help provide a foundation of financial protection for your family if something happens to you. All full-time associates are automatically enrolled in the MetLife Basic Life and AD&D plan. The Basic Life and AD&D plan is entirely paid for by HBC.

Basic Term Life: The benefit is equal to one times your annual salary earnings to a maximum of $1,000,000. Associates may elect to a limit coverage to $50,000 to avoid taxable imputed income.

AD&D: If you are seriously injured or lose your life in an accident, you will be eligible for a benefit equal to one times your annual earnings to a maximum of $1,000,000. This benefit is separate from and paid in addition to the Basic Term Life benefit.

For the purpose of Life/AD&D Insurance premium calculations, the general definition of earnings for:

Salaried Associates is annual base pay
Full-time Hourly Associates is base hourly rate multiplied by 38.5 hours and multiplied again by 52 weeks.

The premium calculations reflect the pay period immediately prior to or concurrent with September 1 each year. The premiums will be effective January 1 of each year.

Benefits will be paid based on earnings as of the date of claim.

Evidence of Insurability (EOI)

When you enroll, HBC's Enrollment Center will determine if EOI is required for any of your life insurance elections and notify MetLife of your coverage election. MetLife will send you, by email or letter, instructions on completing any EOI requirements. When you have submitted those requirements to MetLife and MetLife has made their decision on your coverage request, you will receive a notice from MetLife of their decision. If coverage is approved by MetLife, any required payroll deductions will then begin.