Life insurance 

At no cost to you, Chubb automatically provides you basic life and accidental death & dismemberment (AD&D) insurance to assist you and your family in the event of an accidental death or dismemberment. 

If you want additional financial protection beyond the basic coverage that Chubb provides, you can buy supplemental life and AD&D insurance. If you purchase this coverage for yourself, you can also purchase coverage for your spouse/partner and your children. You pay the full cost of this coverage. You can enroll and change this coverage at any time.   

Supplemental life and AD&D rates are based on coverage amount, age and tobacco usage. If you and/or your spouse/partner move to a different age bracket during the year, the premium will increase. Please see rate chart below for details.

If you and your spouse/partner are both Chubb employees 

You cannot both purchase supplemental spouse/ partner coverage. You should each enroll separately in supplemental employee life and AD&D insurance if you want extra coverage. Also, you cannot both cover the same dependent child(ren) under this plan. 

Were you recently hired? 

If you enroll in employee supplemental life and AD&D within 30 days of your date of hire or becoming eligible, you can elect up to 5x annual salary, up to $3,000,000 (the guaranteed issue amount) without providing Evidence of Insurability (EOI). EOI is evidence of good health. If you enroll in spousal life and AD&D insurance within 30 days of your date of hire or becoming eligible, you can elect up to $50,000 without EOI

If you enroll or increase your supplemental life and AD&D coverage(s) after your first 30 days with Chubb, you will be required to complete EOI.  

Company-paid basic life and AD&D	Employee-paid supplemental life and AD&D
Basic life: 1x annual salary up to $1,000,0001 Basic AD&D: 1x annual salary up to $1,000,000	For you: Up to 8x pay ($3,000,000 maximum) For your spouse/partner: Up to $150,000 (in $10,000 increments)2 For your children: $10,000 for each child2

¹ If you were hired before 2009 by ACE, you are eligible for coverage up to 2x pay, up to $1,000,000.

²You must purchase supplemental coverage for yourself to purchase it for your spouse/partner.

³ Guaranteed issue amount for spouse/partner life insurance is $50,000.

Designate your beneficiaries 

It’s important to name a beneficiary to receive your life insurance benefit. As your life circumstances changes, be sure to keep that information up to date through the Chubb Benefits Portal.  

Life and accidental death & dismemberment (AD&D)—employee premium rates

Monthly rate per $1,000 of coverage

Age	Non-smoker	Smoker
24	$0.043	$0.051
25-29	$0.050	$0.058
30-34	$0.062	$0.076
35-39	$0.068	$0.081
40-44	$0.076	$0.092
45-49	$0.108	$0.128
50-54	$0.161	$0.193
55-59	$0.294	$0.355
60-64	$0.419	$0.498
65-69	$0.798	$0.945
70-74	$1.291	$1.423
75+	$2.071	$2.075

• If you want additional financial protection beyond the basic coverage that Chubb provides, you can buy supplemental life and AD&D insurance for yourself and your family. You pay the full cost of this coverage.

• You can elect up to 8x pay for yourself up to a maximum of $3,000,000.

• If you enroll within 30 days after your date of hire or becoming eligible, you can elect up to 5x your annual base salary up to $1,000,000 (the guaranteed issue amount) without providing EOI.

• After your initial eligibility, any increase to your supplement life coverage amount will require EOI.

Life and accidental death & dismemberment (AD&D) - spouse/partner premium rates

Monthly rate per $1,000 of coverage

Age	Non-smoker	Smoker
24	$0.052	$0.083
25-29	$0.060	$0.090
30-34	$0.075	$0.122
35-39	$0.082	$0.133
40-44	$0.100	$0.164
45-49	$0.136	$0.230
50-54	$0.213	$0.365
55-59	$0.397	$0.686
60-64	$0.501	$0.854
65-69	$0.952	$1.666
70-74	$1.533	$2.568
75+	$1.533	$2.075

• You can elect coverage in $10,000 increments, up to a maximum of $150,000. If you enroll within 30 days after your date of hire or becoming eligible, you can elect up to $50,000 (the guaranteed issue amount) without providing EOI.

• You must purchase supplemental employee life coverage for yourself in order to purchase it for your spouse/partner.

• If you and your spouse/partner are both Chubb employees, you cannot purchase supplemental spouse/ partner coverage; you should each enroll separately in supplemental employee life and AD&D insurance if you want extra coverage.

• After your initial eligibility, any increase to your supplement life coverage amount will require EOI.

Child term life premium rates

• You can elect a flat $10,000 coverage amount for each child.

• If you elect child life it will cover each dependent child up to age 26.

• If you and your spouse/partner are both Chubb employees, you cannot cover the same dependent child(ren) under this plan.

	Bi-weekly rate
Employee Rate	$0.44

Learn More

• View the program flyer

• Beneficiary FAQ

Get Started 

To learn more, see your costs and enroll in supplemental coverage, visit the Chubb Benefits Portal.