Life & Disability

Life, Accidental Death and Dismemberment (AD&D), and Disability insurance provide financial security to you and your family if you pass away, become seriously injured, or experience an illness or injury that prevents you from working.

Basic Life and Accidental Death & Dismemberment (AD&D)

You receive Basic Life and AD&D insurance equal to two times your annual salary up to the limits below based on your employment status:

You may choose anyone to be the beneficiary of your Life and AD&D policies. Review your beneficiary designation periodically to make sure it reflects your current wishes.

Voluntary Life and Accidental Death & Dismemberment (AD&D)

In addition to Basic Life and AD&D, you may purchase supplemental Life and AD&D coverage at discounted rates. You can buy coverage for yourself, your spouse, and your child(ren) up to the amounts listed in the Voluntary Life and AD&D Overview document. For supplemental AD&D, you may purchase up to a $1,000,000 in additional coverage in increments of $50,000.

Core and Buy-Up Short-Term Disability (STD) for Non-CA Employees

For non-CA employees, Short-Term Disability coverage provides you with a portion of income replacement if you are unable to work due to a non-occupational illness or injury. Millennium Health provides the Core benefit at no cost to eligible non-CA employees. For the Buy-Up, STD premiums are payroll deducted. Benefits are available after a 7-day elimination period.

Voluntary Short-Term Disability (STD) for CA Employees

For CA employees, Voluntary Short-Term Disability coverage provides you with a portion of income replacement if you are unable to work due to a non-occupational illness or injury. STD premiums are payroll deducted. Benefits are available after a 7-day elimination period.

Voluntary Long-Term Disability (LTD)

Voluntary Long-Term Disability coverage pays you a portion of your earnings if you cannot work for an extended time due to a disabling illness or injury. If elected, a Statement of Health will be required prior to approval and premiums are payroll deducted. Benefits are available after a 90-day elimination period.

Travel Assistance Program

New York Life Secure Travel protections offers New York Life members peace of mind while traveling 100 miles or more from home. New York Life Secure Travel protection will assist you with:

• Emergency evacuation and repatriation, including covering the cost of medically necessary transportation to the nearest adequate medical facility.
• Travel arrangements for the return of a travel companion, or children under the age of 18, who are left unattended due to the covered person’s medical emergency.
• Round-trip transportation and accommodation (up to $150 per day for up to seven days) for a family member or friend to visit a covered person who is hospitalized more than 100 miles away for more than seven days.
• Arrange and cover the costs of returning a deceased covered person’s remains to his/her place of residence for burial.
• Pre-trip planning, traveling assistance, and much more!

To learn more, call (888) 226-4567, or (202) 331-7635 if outside the U.S.