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; and
  • 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/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 accessing the Beneficiary Designation section on Employee Self Service.