Eligibility and Basic Coverage
AT&T offers a group term life insurance plan to most full‑time employees after 30 days of service. The basic coverage is typically one times the employee's annual salary, up to a maximum of $50,000, and is provided at no cost to the employee. Dependents such as spouses and children are not automatically covered; they can be added through supplemental options.
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Supplemental Life Insurance
Employees may purchase additional coverage for themselves, spouses, and eligible dependents. The supplemental amounts are usually offered in increments of $25,000 up to $250,000 for the employee and $100,000 for a spouse. Premiums are deducted payroll‑wise and are based on age, gender, and the amount of coverage selected.
Accidental Death and Dismemberment (AD&D)
AT&T also provides an optional AD&D rider that pays an extra benefit if death or severe injury results from an accident. The rider is typically priced at a flat rate per $1,000 of coverage and can be combined with both basic and supplemental life plans.
How to Enroll and Make Changes
Enrollment opens during the annual benefits open enrollment window, usually in the fall. New hires have a 30‑day grace period to sign up. Changes outside the open period are limited to qualifying life events such as marriage, birth, or loss of other coverage. Employees use the internal benefits portal to select amounts, add dependents, and view premium estimates before confirming.
Portability and Beneficiary Designations
If an employee leaves AT&T, the basic coverage ends on the last day of employment, but supplemental policies can be converted to individual plans within 31 days, often at higher rates. Beneficiary designations are managed online; it is advisable to review them annually to reflect life changes.
Cost Comparison Table
| Plan | Coverage Amount | Typical Monthly Premium* | Notes |
|---|---|---|---|
| Basic Group Term | 1× salary (max $50k) | $0 | Employer‑paid, no employee cost |
| Supplemental Self | $25k – $250k | $3 – $12 | Age‑graded rates, payroll deducted |
| Supplemental Spouse | $25k – $100k | $2 – $8 | Requires spouse's consent |
| AD&D Rider | Same as selected life | $0.50 – $1.00 per $1k | Optional, adds accidental benefit |
*Premium ranges are illustrative; actual rates depend on personal factors and the specific plan year.
Key Takeaways for AT&T Employees
- Basic life insurance is free and equals one year's salary up to $50,000.
- Supplemental coverage lets you protect yourself and family beyond the basic amount.
- AD&D provides extra protection for accidental injuries or death.
- Enroll during open enrollment or after a qualifying life event; act quickly if you leave the company to preserve coverage.