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 up to $3 million. You can purchase additional coverage for yourself, up to a separate $3 million. 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 $3 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, 2023
- 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
