Life Insurance & ADPL
Employer-paid basic life insurance with coverage for accidental death or personal loss (ADPL) is provided to all McClatchy benefit-eligible employees. Employees may also purchase additional life insurance for themselves and their eligible dependents.
McClatchy's life insurance plans, administered by The Hartford, help provide a foundation of financial protection for family if something happens to you. Life Insurance pays a benefit to your chosen beneficiary(ies) if you die and ADPL pays a benefit in addition to your life insurance if you die as the result of a covered accident or you suffer a permanent bodily injury.
Basic Life & ADPL Insurance
The company provides basic life insurance coverage of 1x salary up to $300,000 to benefits-eligible full-time employees. Salary includes base pay plus direct sales commissions.
Accidental Death and Personal Loss Coverage (ADPL) covers losses you suffer as a direct result of an accidental bodily injury. Accidental Death and Personal Loss (ADPL) coverage is provided in the same amount as the basic life insurance coverage. The life insurance and ADPL benefits are reduced to 75% of the original volume amount at age 65 and then again at age 70 to 50% of the original volume amount. The reduction will be based on the employee’s age as of the last day of the year in which they turn age 65 or age 70.
Aetna ADPL Plan will pay for personal loss such as:
- Hand or foot
- Ability to speak, hear or see
- Ability to move
- Thumb and index finger on a hand
How much the insurance pays dependents on the severity of the injury. More information on ADPL coverage is available under Plan Documents.
In accordance with IRS regulations, the value of company-paid life insurance in excess of $50,000 must be included as imputed income for an employee and taxed accordingly.
Supplemental Life Insurance
Employees have the option to purchase additional life insurance coverage for themselves, spouses, domestic partners and eligible children ADPL coverage is not available under supplemental life insurance.
Supplemental employee life insurance can be purchased in $50,000 increments up to $500,000.
Supplemental life insurance for a spouse or domestic partner can be purchased in the following amounts: $10,000, $20,000, $30,000, $50,000, $100,000, $150,000 or $250,000.
Supplemental life insurance for children can be purchased in the following amounts: $2,000, $10,000 or $20,000.
Employee, Spouse or DP Rates
The supplemental life insurance benefit for employee and/or spouse is reduced to 75% of original volume amount at age 65 and then again at age 70 to 50% of the original volume amount. The reduction will be based on the employee’s/spouse’s age as of the last day of the year in which they turn age 65 or age 70. An employee may not request an increase in coverage amount for employee or spouse supplemental life insurance once the original amount has been reduced due to age.
Child supplemental life insurance is $0.064 per $1,000 of coverage.
Upon initial eligibility, new hires (or any newly eligible employees/spouses) may elect up to $250,000 in employee supplemental life insurance and up to $50,000 in spouse or domestic partner supplemental life insurance without providing Evidence of Insurability (EOI). No EOI is required for supplemental life insurance for children.
In certain situations, employees who wish to elect additional life insurance coverage during a "life event" or during annual open enrollment will have to provide EOI.
- To File a Claim: 1-888-563-1124
- Group #: 805211