Basic Life and AD&D

Life Insurance

Basic Life and Accidental Death & Dismemberment (AD&D) coverage.

Your basic group term life insurance and AD&D is a benefit fully paid by Check Point.

Basic Life Insurance

The Basic Term Life policy covers you at 1 x your annual base salary, up to $400,000.


Accidental Death & Dismemberment

If your passing is a result of an accident, the AD&D benefit is equal to the Basic Life Insurance benefit of 1 x your annual base salary, up to $400,000.


Beneficiary

Open enrollment is a good time to review your beneficiary assignments.



Supplemental Life Insurance

Basic Life and Accidental Death & Dismemberment (AD&D) coverage.

Your basic group term life insurance and AD&D is a benefit fully paid by Check Point.

You may purchase additional Life and AD&D insurance through the convenience of payroll deduction.


Purchasing supplemental voluntary life insurance through Check Point's plan can offer several benefits.


  • Convenience: Enrollment is easy during the open enrollment period.

  • Lower Premiums: Group rates negotiated by your employer can be more affordable than individual rates. Employers often secure better pricing due to the collective bargaining power of a larger group of employees.


  • Guaranteed Coverage: You can purchase up to 5x your annual base salary, up to $500,000, without a medical exam or medical questionnaire, guaranteed issue

  • Payroll Deduction: Premiums are  deducted directly from your paycheck, simplifying the payment process and helping ensure you don't miss a payment.


  • Portability: The Check Point supplemental life insurance plan offers the option to continue your coverage if you leave the company, either by converting to an individual policy or through a portability feature. This can provide continuity of coverage during job transitions.


  • Spousal and Dependent Coverage: Many plans offer the option to purchase additional coverage for your spouse and dependents, providing comprehensive protection for your entire family.



Disability Insurance

One of your most important benefits is the ability to support your household during a period where you are disabled and unable to earn.

Check Point provides two forms of disability income protection.

Short Term Disability

Income protection for short term disability is provided through Prudential. This coverage is there to provide income during a period where you are unable to work due to illness or injury. 


Coverage includes


Maternity

  • Weeks 1 through 8, 100% of salary, up to $2,000 per week
  • Weeks 9 through 26, 60% of salary, up to $200,000 per week


All Other Disabilities

  • Week 1,  $0. Use PTO or PSL
  • Weeks 2 through 8, 80% of salary per week, up to $2,000
  • Weeks 9 through 26, 60% of salary per week, up to $2,000


Long Term Disability


Check Point provides comprehensive Long Term Disability (LTD) income protection at no cost to you. LTD is a critical benefit, in that it allows you to maintain your household needs while you are unable to work because of illness or injury.


Eligibility Period

The LTD program is designed to dovetail with the above Short Term disability policy: You are eligible for this benefit if you are disabled for 180-days.


The Benefit

  • 60% of your base salary, up to $15,000 per month  $0
  • Elimination period, 180-days
  • Benefit Duration: Through regular Social Security retirement age