Life Insurance
Life insurance is an important part of your financial wellbeing, especially if others depend on you for support.
Littelfuse provides Basic Life and Accidental Death & Dismemberment insurance for employees, and offers voluntary options for you and your dependents through New York Life.
Basic Life and AD&D
The company provides basic life and accidental death and dismemberment (AD&D) insurance to all eligible employees at no cost, equal to 2× your base annual earnings, up to a maximum of $700,000.
Coverage is automatic — you don’t need to enroll.
Voluntary Life and AD&D
You may choose to purchase additional life and AD&D coverage for yourself and your dependents at affordable group rates. Rates are based on your age and the coverage level you choose.
You can only purchase coverage for your spouse or dependents if you purchase coverage for yourself.
| WHO | AVAILABLE IN | MAXIMUM | GUARANTEED ISSUE |
|---|---|---|---|
| You | Increments of $10,000, up to 5× your base annual salary | $500,000 | Up to $200,000 |
| Spouse / domestic partner | Increments of $5,000, not to exceed 100% of your voluntary coverage | 100% of your amount | Up to $50,000 |
| Child(ren)* | — | $10,000 per child, birth to age 26 | — |
* Children must be added within 31 days of birth.
Evidence of Insurability. During your initial eligibility period you can receive coverage up to the guaranteed issue amounts without providing Evidence of Insurability — information about your health. Coverage above those amounts isn’t effective unless approved by the insurance carrier.
Protect your loved ones
Take advantage of group rates. They’re generally lower than what you’d pay for the same coverage as an individual.
Designate your beneficiary. You must choose a beneficiary for life and AD&D insurance, and you can change that designation at any time during the year.
Whole Life & Long-Term Care
Whole life insurance with long-term care benefits combines the security of a permanent life insurance policy with the ability to cover long-term care expenses.
This product helps you prepare for the future while providing peace of mind for you and your loved ones. You pay the premium through after-tax payroll deductions at negotiated group rates.
Coverage amounts
| WHO | MAXIMUM | GUARANTEED ISSUE* |
|---|---|---|
| Employee | Up to $150,000 | Up to $150,000 |
| Spouse / domestic partner | Up to $15,000 | Up to $15,000 |
| Child(ren) | Up to $10,000 | Up to $10,000 |
* Guaranteed issue means you can elect coverage up to that amount without answering health questions.
Contact
Life Insurance and AD&D
888-842-4462
Whole Life Insurance +
Long-Term Care
800-521-3535