Life and AD&D
 

Naming Your Beneficiary 

You can name anyone you want as the beneficiary for your Life Insurance in the event of your death. This also applies for Basic AD&D Insurance and Voluntary AD&D Insurance in the event of your death due to a covered accidental injury. 

If you name more than one beneficiary: 

  • all of your named beneficiaries will share equally in the proceeds of your Life Insurance, Basic AD&D Insurance, and Voluntary AD&D Insurance, unless you specify their individual interest; and
  • if a designated beneficiary dies before you, the benefit will be divided equally among the remaining beneficiaries. 

Under Basic AD&D Insurance and Voluntary AD&D Insurance, you are the beneficiary for a covered loss other than death. (For example, if you suffer dismemberment due to a covered accidental injury.) 

DEPENDENT INSURANCE
You are the beneficiary for any optional insurance coverage that you elect to provide for your dependents, including: 

  • Optional Employee Term Life Insurance for your spouse, domestic partner and/or dependent children
  • Voluntary AD&D Insurance for your spouse, domestic partner and dependent children 

NO BENEFICIARY
If you do not name a beneficiary, or if no named beneficiary survives you, the proceeds of your Life Insurance, Basic AD&D Insurance, and Voluntary AD&D Insurance will be paid to: 

  • your surviving spouse or domestic partner/spousal equivalent;
  • your surviving children in equal shares;
  • your surviving parents in equal shares;
  • your surviving siblings in equal shares; or
  • your estate. 
It is important for you to keep your beneficiary designation up to date. You can do so by completing the appropriate form, which you can obtain from Human Resources.