Overview

It’s important to plan for your family’s financial security in case the unexpected happens. That’s why Informatica provides basic life insurance and accidental death and dismemberment (AD&D) insurance at no cost to you.

You also have the option of buying supplemental life and AD&D insurance for yourself and your family through Open Enrollment or if you experience a qualifying life event.

In addition, you have the protection of company-paid business travel accident insurance.

Basic Life and AD&D Insurance

Informatica provides basic life and AD&D coverage to assist you and your family in the event of a death or dismemberment. These benefits are fully paid by the company.

Benefits are equal to:

  • 2.5 times your annual salary, up to a maximum benefit of $750,000. Your annual earnings include your last 12 months of commissions and your prior year bonuses, but do not include renewal commissions, overtime pay, or any other pay
icon What is AD&D insurance?

Should you lose your life, sight, hearing, speech, or use of your limb(s) in an accident, AD&D insurance provides additional benefits to help keep your family financially secure. AD&D benefits are paid as a percentage of your coverage amount — from 50% to 100% — depending on the type of loss.

Have you named a beneficiary?

It’s important to designate a beneficiary to receive the benefit paid by a life insurance policy. As personal circumstances change, be sure to keep that information up to date. Visit Workday to add or change a beneficiary.

Supplemental Life and AD&D Insurance

You can purchase additional life and AD&D insurance for yourself, as well as for your spouse/domestic partner and your child(ren). You pay the full cost of any supplemental life and AD&D coverage. You must purchase coverage for yourself to be eligible to purchase coverage for your dependents. Eligible amount for dependents must be the same or less than the employee purchased amount of coverage.

  • Supplemental employee life and AD&D — You may elect up to 5 times your salary up to a maximum of $500,000, in increments of $10,000.
  • Spouse/domestic partner life and AD&D — You may purchase life and AD&D insurance for your spouse or domestic partner up to 100% of the employee election to a max of $500,000, in increments of $5,000.
  • Child life and AD&D — You may purchase coverage for children birth to age 25 to a maximum of $10,000, in increments of $2,000.
  • The guaranteed issue amounts of $340,000 (employee) and $50,000 (spouse/domestic partner) are only available at time of hire.
Evidence of insurability

Life insurance over a certain amount may require evidence of insurability (EOI). After electing coverage, you will receive more information if EOI is required.

If electing coverage when you or your spouse/partner are first eligible (new hire or marriage/domestic partnership), you must complete an EOI when electing more than $340,000 for yourself or more than $50,000 for your spouse or partner.

During other qualified life events and Annual Open Enrollment, if you wish to add or increase your employee voluntary coverage over $340,000 or more than $50,000 or add spousal life insurance of any amount, you must provide an EOI to Prudential.

Once you enroll in Workday we will notify Prudential. They will provide the EOI request form to be completed. If you do not complete and return the form to Prudential within 31 days your EOI request will be cancelled out of Workday and the additional insurance will be declined.

EOI is not required for child coverage.

For more information

Coverage is provided by Prudential. For more information call (877) 367-7781 or visit Prudential.

Business Travel Accident Insurance

When traveling on behalf of the company, you are protected under a company-paid business travel accident insurance policy should an illness or accident occur. This policy provides coverage for certain injuries or death resulting from an accident during business travel.

You are covered for 10 times your annual base salary for accidental death, up to a maximum benefit of $250,000. Accidental dismemberment insurance is a percentage of the accidental death amount, ranging from 25% to 100%. You also have an unlimited maximum for emergency medical evacuation and repatriation expenses. Evacuation will be to the nearest hospital where appropriate medical treatment can be obtained. The policy also pays to transfer you home to your country of residence to obtain further medical treatment. In the event of loss of life, the policy pays for the return of your remains to your place of residence.

Coverage is automatic and there is no cost to you. Learn more about travel assistance on the Supplemental Medical page.