When you're young and healthy, life insurance is one of the last things on your mind. But it's actually the best time to buy coverage because you'll pay less than if you wait until you're older.
Life and accident insurance protect you, your spouse and your dependents in the event of death or certain types of injuries resulting from an accident. First Data provides some coverage at no cost to you and you can purchase additional coverage when you enroll in Health and Life Benefits.
Basic Life Insurance pays a benefit equal to your annual benefits salary, up to a maximum of $1 million, in the event of your death. You are enrolled automatically for this coverage, and First Data pays the full cost.
Supplemental - choose from 1-8 times your annual benefits salary. The amount you pay each pay period is based on the option you elect, your age as of January 1 and your tobacco-user status. Certain levels may require Evidence of Insurability (EOI).
Spouse - choose from 8 coverage options. Amount you pay each pay period is based on the option you elect and your spouse's age as of January 1. Coverage over $50,000 is limited to one-half of the employee's supplemental life coverage. Certain levels may require EOI.
Child - either $5,000 or $10,000. All enrolled children are insured at the same level. You pay one price no matter how many children you elect to cover. You must designate the eligible child(ren) you will cover on the Your Benefits Resources website.
About Evidence of Insurability (EOI)
You need to provide proof of good health - also called EOI - in the following cases:
1) If you want to purchase Supplemental Life Insurance AND you meet one of the following criteria:
2) If you want to purchase Spouse Life Insurance AND you meet one of the following criteria:
If EOI is required for your Life Insurance, once you have successfully completed your enrollment online, you will see a message on your Completed Successfully page requesting you to complete your MetLife EOI form online. Once completed, you will automatically be processed in MetLife's system without mailing any information back to MetLife.
If you have questions about EOI, call MetLife at (800) 638-6420.
Basic AD&D Insurance pays a benefit equal to your annual benefits salary, up to a maximum of $1 million, in the event of your death or certain types of injuries resulting from an accident. You are enrolled automatically for this coverage and First Data pays the full cost.
Voluntary AD&D insurance pays a benefit amount that you choose when you enroll. There are two categories to choose from. Benefits are paid if you, your spouse or your child(ren) die or suffer certain types of injuries as the direct result of an accident. The maximum benefit is up to 10 times your annual benefits salary to a maximum of $1 million.
Business Travel Accident Insurance pays a benefit in the event of your death or certain types of injuries suffered while you are travelling on First Data business. For more about this coverage, including exclusions that apply, visit the Business Travel Accident page and/or read the Summary Plan Description found here and the AIG Assist Brochure.
To designate or change your beneficiary for Life and AD&D insurance, go to Your Benefits Resources and click on the Health and Life tab at the top of the page, then click on Beneficiaries.
For EOI inquiries, call MetLife at (800) 638-6420. For other questions, visit MetLife or click here for the Summary Plan Description.
To file a claim, call the First Data Health and Life Desk at (800) 965-2238.