Today, Schneider Electric offers you a combined coverage limit of $3.5 million of Basic Life and Supplemental Life and $3.5 million of Accidental Death & Dismemberment (AD&D) and Supplemental AD&D. New for 2023, you will have a separate $3 million maximum for each coverage:
- Basic Life
- Supplemental Life
- Basic AD&D
- Supplemental AD&D
- Any new Supplemental Life Insurance coverage election will be subject to evidence of insurability (EOI).
- Depending on your coverage level, you may be required to pay taxes (imputed income). See Your 2023 Benefits Guide for more information.