Life and accidental death & dismemberment (AD&D) insurance

 

Life and AD&D insurance provides you with financial protection in the event of a death or accident. The Company provides Basic coverage, and you can purchase additional coverage for yourself, for a combined maximum of $3.5 million (Basic plus Supplemental). You can also purchase coverage for your spouse/domestic partner and children. Here’s an overview of your coverage options:

Coverage options Coverage level
Basic Life and AD&D (Company-paid) 2 times your base pay up to $1.5 million (rounded up to the next $1,000)
Supplemental Life Insurance* Up to 8 times your base pay**
Supplemental AD&D Insurance Up to 8 times your base pay**
Spouse Life Insurance* $5,000 to $500,000 coverage (in $5,000 increments), up to the combined amount of your Basic Life plus your Supplemental Life coverage
Child Life Insurance
Your child must be under the age of 19, or up to age 25 if a full-time student.
$5,000 or $10,000 for each covered dependent child
Coverage options Coverage level
Basic Life and AD&D (Company-paid) 1 times your base pay (rounded up to the next $1,000)
Supplemental Life Insurance* Up to 8 times your base pay**
Supplemental AD&D Insurance Up to 8 times your base pay**
Spouse Life Insurance* $5,000 to $500,000 coverage (in $5,000 increments), up to the combined amount of your Basic Life plus your Supplemental Life coverage
Child Life Insurance
Your child must be under the age of 19, or up to age 25 if a full-time student.
$5,000 or $10,000 for each covered dependent child

* Evidence of Insurability (EOI) may be required.

** If your base pay changes during the year, your Supplemental Life and/or AD&D cost and coverage amount will change accordingly.

Cost of coverage

Your cost of coverage is based on the following:

  • Age as of January 1, 2022
  • Your base pay (for Supplemental Life and AD&D coverages)
  • Your coverage amount
  • You or your spouse/domestic partner’s tobacco use

Find rates for coverage and your costs on se-benefitslink.com.

Evidence of insurability (EOI)

You (and/or your spouse) may be required to show evidence of insurability — or proof of good health — if you enroll in or increase your Supplemental Life Insurance for yourself and/or your spouse.

Providing evidence of insurability (EOI)

Unum, the insurance carrier, will send an email to your Schneider email address with a link for you to complete your EOI form online. If you do not have a Schneider Electric email address, Unum will mail an EOI form to your home address in late December. Your new or increased coverage level will not become effective until after Unum approves your increased coverage. Your new payroll deductions will begin shortly after your EOI is approved.

Highlights of your financial resources

Get rewarded for your healthy habits.

Available to you and your spouse (if they’re covered on a Schneider Electric medical plan), Virgin Pulse can help you prioritize well-being goals and activities each day.

  • Healthy habits: Select healthy habits you want to focus on and track your progress.
  • Challenges: Work toward your goals in a fun, competitive atmosphere by joining corporate challenges. You can even challenge yourself – or your friends – to live a healthier life by creating your own personal challenges.
  • Activity tracking: Tracking activities through Virgin Pulse – like steps, workouts and sleep – helps you visualize your progress and earn rewards! Track easily by syncing on your phone or on your activity tracker, or enter your activities manually.
  • Reach your goals: Get help to stay focused on achieving specific health goals with resources like sleep and nutrition guides as well as personal health coaches.
  • So much more: Get more fuel for your daily well-being goals by exploring everything Virgin Pulse has to offer, including Journeys, virtual fitness and mindfulness sessions and more!

Hear how Kara Greer uses the workout reminders from Virgin Pulse.