Do H&R Block Employees Receive Life Insurance?

H&R Block Life Insurance Overview

H&R Block offers a group life insurance policy to its employees as part of its benefits package. The coverage is available to full‑time and part‑time workers who meet the eligibility criteria. Employees can enroll during the annual open‑enrollment period or within 30 days of a qualifying life event.

Eligibility and Enrollment

To qualify, you must be a regular employee with a minimum of 30 hours per week or a part‑time employee who works at least 15 hours per week. New hires are eligible after completing their probationary period, usually 90 days. Enrollment requires filling out an online form and selecting the desired coverage level, which ranges from a multiple of your base salary up to a set maximum amount.

Coverage Details

The policy provides a base coverage amount of $50,000, which can be increased in $10,000 increments up to $200,000. Coverage is paid as a lump sum to the designated beneficiary upon the insured's death. The plan is funded by a combination of employee premiums and company contributions. Employee premiums are deducted from payroll, while H&R Block covers the first portion of the premium.

Premium Structure

Premiums vary by coverage level and employee status. Full‑time staff pay a lower percentage of the premium than part‑time staff. For example, a full‑time employee choosing $100,000 coverage may see a monthly deduction of $5, whereas a part‑time employee might pay $8. Company contributions cover roughly 60% of the premium for full‑time employees and 40% for part‑time employees.

Benefits of the Plan

Key benefits include:

• Immediate access to funds for beneficiaries
• No medical exam required for standard coverage
• Flexible coverage levels to match personal needs
• Portability if you leave H&R Block (subject to terms)

How to Enroll

During open enrollment, log into the employee portal, navigate to the benefits section, and select the life insurance option. Follow the prompts to choose coverage, designate beneficiaries, and confirm your premium deduction. If you miss open enrollment, you can enroll within 30 days of a qualifying event such as marriage, birth of a child, or job title change.

Additional Resources

For detailed policy documents, contact HR at benefits@hrblock.com or call the benefits hotline at 1‑800‑HR‑BLOCK. The HR team can provide coverage summaries, premium calculators, and assistance with beneficiary designations.