Key provides eligible employees with basic group term life insurance coverage as well as the option to purchase supplemental life insurance for you and your dependents. Key also offers an additional insurance benefit in the event of injury/death resulting from an accident.
Key provides you with basic group term life insurance coverage in the amount of one time your base salary up to a plan maximum of $400,000.
- Supplemental Life Insurance
You can purchase supplemental life insurance in the amount of one to nine times your base salary. You may increase your supplement life insurance by one additional level during open enrollment each year without answering health questions.
- Spouse/Partner/Child Life Insurance
You can purchase life insurance for your spouse/domestic partner with available options from $10,000 to $200,000. For coverage greater than $35,000 your spouse/domestic partner will be required to complete a personal health application and receive approval from Key’s insurance carrier. Key also offers child life insurance in the amount of $10,000 or $20,000 for your children or your domestic partner’s children.
- Accidental Death and Dismemberment Coverage
You may purchase accidental death and dismemberment coverage for yourself, your spouse/domestic partner, and/or your dependent children/domestic partner's children. You can elect coverage amounts ranging from $50,000 to $1,000,000.