Life and AD&D Insurance

Life and accident insurance plans offer financial protection for you and your family. NortonLifeLock provides you with Basic Life Insurance and Accidental Death and Dismemberment (AD&D) Insurance and the opportunity to purchase additional coverage for yourself and your dependents.

Employee Life Insurance Options

	Basic Employee Life	Optional Employee Life	AD&D Insurance
Benefit	Choose between two levels: 2 times your annual rate of On Target Earnings (OTE) or $50,000	1 to 8 times your annual OTE Guarantee Issue -- 3 times your OTE up to ($1,000,000). EOI may be required for future increase in coverage	1 to 6 times your annual OTE You have the option of electing up to 6 times OTE without EOI
Funded by	NortonLifeLock	Employee	NortonLifeLock, up to 2 times OTE; remainder funded by employee
Maximum	$1.5 million	$3 million	$1.5 million
Evidence of Insurability (EOI)at annual Open Enrollment	Not applicable	Employees can increase coverage by one multiple of pay. EOI will be required if requested amount exceeds Guarantee Issue (3x OTE, up to $1 million).	Employees can increase coverage by one multiple of pay without EOI.
Evidence of Insurability (EOI) for a family status change	Not applicable	Employees can increase coverage by one multiple of pay. EOI will be required if requested amount exceeds Guarantee Issue (3x OTE, up to $1million)	Employees can increase coverage by one multiple of pay without EOI.

Optional Life Insurance

If you elect optional life insurance over the Guarantee Issue (GI) amount (3x your earnings, up to $1 million), you will need to complete an Evidence of Insurability (EOI) form. After you enroll you will receive an email with the EOI form and instructions on how to complete and submit the form.

If you elect optional life insurance for yourself, spouse/domestic partner, and/or child(ren), you will pay for this coverage through after-tax payroll deductions.

Tobacco users will be subject to increased life insurance rates, which will be displayed during your enrollment process.

Dependent Life Insurance Options

	Spouse/Domestic Partner	Children
Benefit	$10,000 $20,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000	$1,000 $2,500 $5,000 $7,500 $10,000 $15,000 $20,000 $25,000
Funded by	Employee	Employee
Maximum	100% of your Basic and Supplemental Life	Not applicable
Evidence of Insurability (EOI) at Annual Open Enrollment	Employee can increase coverage with EOI.	Not applicable
EOI for a qualifying family status change	Employees can increase coverage by one multiple of pay with EOI.	Not applicable

Employee Optional Life Insurance Rates*

Age Group	Non-Tobacco User Rates	Tobacco-User Rates
<25	$0.022	$0.027
25-29	$0.022	$0.027
30-34	$0.029	$0.037
35-39	$0.033	$0.042
40-44	$0.040	$0.051
45-49	$0.055	$0.070
50-54	$0.099	$0.125
55-59	$0.157	$0.197
60-64	$0.276	$0.349
65-69	$0.528	$0.667
70+	$0.878	$1.109

* Rates are for every $1,000 insured

Dependent Spouse/Domestic Partner Optional Life Insurance Rates*

Age Group	Non-Tobacco User Rates	Tobacco-User Rates
<25	$0.025	$0.031
25-29	$0.025	$0.031
30-34	$0.033	$0.042
35-39	$0.038	$0.048
40-44	$0.046	$0.058
45-49	$0.063	$0.079
50-54	$0.112	$0.142
55-59	$0.178	$0.224
60-64	$0.314	$0.397
65-69<	$0.600	$0.758
70+	$0.998	$1.260
Child rate: $0.156

* Rates are for every $1,000 insured

Tax implications

In accordance with IRS regulations, the value of the premiums paid by NortonLifeLock for any employee life insurance coverage over $50,000 will be reported as "imputed income" and will be taxable for you. There is no imputed income associated with the AD&D insurance provided by NortonLifeLock.

Enroll now!

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