LIFE INSURANCE
Life Insurance
Aptiv provides Basic Life Insurance in the amount of 1.5 x your annual base salary up to a maximum of $1M in 2026 at no cost to you for all eligible salaried employees. Since this group term coverage is provided by Aptiv, the IRS requires us to assess imputed income tax on coverage exceeding $50,000 using the IRS Premium Table and the amount is subject to social security and Medicare taxes.
- As an alternative, you can elect a flat $50,000 Basic Life Insurance coverage to avoid imputed income tax on coverage amounts above $50,000.
- You can purchase additional life insurance for yourself – Optional Life Insurance 1 to 8 times your annual base salary (up to a maximum of $2M for Basic and Optional Life combined in 2026), if desired, as well as Dependent Life Insurance for your spouse/domestic partner (options from $10,000-$200,000) and for your child(ren) ($5,000 increments to a maximum of $25,000).
Rates for Optional Life and Dependent Life - Spouse/Domestic Partner will vary based on your age (as of January 1, 2027 for 2026) and the coverage amount.
Evidence of Insurability (EOI) approval is necessary if you elect Optional Life for yourself or Dependent Life for your spouse/domestic partner more than 31 days following initial eligibility (a “late entrant”), if you elect any increase to the current amount of Optional Life for yourself or your spouse/domestic partner during Annual Enrollment, or if you elect more than the EOI limit (Optional Life 3x coverage for yourself, or over $100,000 for your spouse/domestic partner) if you are newly eligible for coverage. Your elections requiring EOI will be pending until they are approved (or denied) by the insurance carrier.
Evidence of Insurability
Please keep in mind that if you increase your life insurance election for yourself or your spouse/domestic partner or elect coverage for the first time beyond the period during which you were first eligible (a late entrant), you will need to provide proof of good health known as Evidence of Insurability (EOI) to MetLife for approval.
Personal Accident Insurance
Available to purchase for yourself and eligible dependents.
Personal accident insurance supplements your primary medical plan by providing cash benefits in cases of covered accidental injuries. You can use this money to help pay for medical expenses not paid by your medical plan (such as your deductible or coinsurance) or for anything else (such as everyday living expenses).
If a qualifying accident were to result in death, the benefit would be awarded to your beneficiary. In 2026, you may elect coverage amounts for:
- Yourself equal to: $10k, $25k, $50k, $100k, $200k, $250k, $300k, $400k, $500k, $750k or $1 million.
- Your spouse/domestic partner equal to: $10k or $25k.
- Your child(ren) equal to: $10k or $25K.
Contacts | |
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| Life & Personal Accident Insurance | Fidelity Benefits Center 877.389.2374 www.netbenefits.com Mobile app: NetBenefits |