Financial

Life and AD&D insurance

Protecting our loved ones if something happens to us is one of the most important things we can do. Life and accidental death and dismemberment (AD&D) insurance provides a financial cushion to help your family manage expenses during a difficult time. 

The basics

How it works

Illumina automatically provides Basic Life and AD&D Insurance at no cost to you.

You can purchase additional Supplemental Life and AD&D Insurance for yourself, your spouse/domestic partner, and children as a new hire, during Open Enrollment, or after a qualifying life event.

What’s covered

Basic Life and AD&D Insurance covers two times your annual salary to a maximum of $1,000,000.

For Supplemental Life and AD&D Insurance, the amount you, your spouse/domestic partner, and children can elect varies. 

What it pays

Benefits are paid to your beneficiary.

Your coverage details

Basic Life AND AD&D Insurance

Your benefit is equal to 2x your annual salary, up to $1,000,000. This benefit is taxable per IRS requirements. The benefit amount reduces starting at Age 65. See the Group Life Insurance Certificate for more details.

Supplemental LIfe and AD&D Insurance

As a new hire, you can purchase coverage up to 5x your annual salary or $300,000 (whichever is less).

As an existing employee, you can purchase coverage up to 5x your annual salary or $250,000 (whichever is less) during Open Enrollment or if you have a Qualifying Life Event.

You must submit evidence of good health to elect coverage above the Guaranteed Issued amount of $150,000. You’ll receive a letter from New York Life with the option to complete an online form, or complete and return a paper form. Your coverage will default to the Guaranteed Issue amount until the additional coverage is approved.

As a new hire, you can purchase coverage up to $25,000 for your spouse/domestic partner if you elect supplemental life and AD&D coverage for yourself.

As an existing employee, you can purchase coverage in increments of $5,000 up to $100,000 if you elect supplemental life and AD&D coverage for yourself. You must submit evidence of good health to elect coverage above the Guaranteed Issue amount of $25,000.

You can purchase coverage for your children in the following amounts if you elect supplemental life and AD&D coverage for yourself:

  • Birth to 6 months: $500
  • 6 months to age 19 or 26 (if full-time student): $10,000

Your paycheck costs

Premiums for Supplemental Life and AD&D insurance coverage depend on the benefit amount you select and are deducted from your paycheck after taxes. You will see the amounts when you enroll through Workday. 

Get in touch

Life and AD&D Insurance

This website provides an overview of the benefit plans and programs available to eligible Illumina, Inc. employees. It is intended for informational purposes only and does not create any contractual rights or entitlements. If there is any discrepancy between the information on this site and the official plan documents or insurance contracts, the plan documents or contracts will govern. Illumina, Inc. reserves the right to add, delete or change any of the benefit programs at any time, for any reason, subject to applicable law.