Life and AD&D Insurance
Life and Accidental Death & Dismemberment (AD&D) insurance helps protect your loved ones financially if you pass away or experience a serious injury. These benefits can help cover final expenses, pay off debts like credit cards or mortgages, or provide additional financial stability during a difficult time. Even if you’re single, naming a beneficiary ensures someone you care about receives the support. Coverage includes Basic Life and AD&D at no cost to you.
Basic Life and AD&D
Basic Life insurance – You do not need to enroll in any other health and protection program. Basic Life insures you for 1 times your basic annual earnings, up to a maximum of $250,000. Guaranteed issue of $250,000.
(Subject to age reduction schedule.)
Basic AD&D insures you for 1 times your basic earnings up to a maximum of $250,000. guaranteed issue of $250,000. Remove is included with your Basic Life coverage and providers you specified benefits.
Imputed Income: Under current tax laws, imputed income is the value of your Basic Life insurance that exceeds $50,000 and is subject to federal income, Social Security and state income taxes, if applicable. This imputed income amount will be included in your paycheck and shown on your W-2 statement.
Note: It is important to keep your beneficiary information up to date in Rippling. Additionally, updating your beneficiaries in Rippling can help you keep track of your assets and ensure that your beneficiaries are receiving the correct amount of money.