Life Insurance and Accidental Death & Dismemberment Insurance

When the unthinkable or unexpected happens, it’s good to have a plan.

Boston Children’s provides Basic Life and Accidental Death/Dismemberment (AD&D) Insurance at no cost to you. You may purchase additional coverage with optional Supplemental Life Insurance coverage for you and your eligible dependents. Your Life Insurance carrier is Lincoln Financial Group.

Changes in Base Pay

If your base pay increases or decreases during the plan year, your basic and supplemental life insurance coverage will also increase or decrease as of that date. Your cost for supplemental life insurance will also adjust based on your new pay.

Don’t Forget to Designate Your Beneficiaries

To ensure that your life insurance is distributed according to your wishes, keep your beneficiary information up to date. Life insurance benefits will be paid to the designated beneficiary on file at the time of your death.

Basic Life and AD&D Insurance

Eligibility: All benefits-eligible employees are automatically enrolled
Cost: Paid 100% by Boston Children’s
Coverage Amounts: 1× your annual base salary, rounded up to the next $1,000
Maximum Coverage: $750,000

Age Based Reductions

Your Life and AD&D Insurance coverage will reduce to 65% of the original amount at ages 70–74 and to 50% at age 75 and older. The reduction is based on the covered employee’s age.

Supplemental Life Insurance

Eligibility: All benefits-eligible employees may enroll. Evidence of Insurability (EOI, or proof of good health) is required if you enroll after your initial eligibility period, increase your coverage by more than one level, and/or exceed the guaranteed amount of 3 x salary or $750,000
Cost: Paid with after-tax dollars. Rates are based on your age as of January 1 and annual base salary
Coverage Amounts: You may elect 1× to 5× your annual base salary
Maximum Coverage: $1.5 million
Your Life and AD&D Insurance coverage will reduce to 65% of the original amount at ages 70–74 and to 50% at age 75 and older. The reduction is based on the covered employee’s age

Supplemental Life Insurance – Bi-Weekly Rates

2027 Rates:

You pay 100% of the cost (after-tax). Your rates are based on 26 pay periods.

Age	Rate Per $1,000 of Coverage
Under 25	$0.01569
25–29	$0.01892
30–34	$0.01892
35–39	$0.03092
40–44	$0.04708
45–49	$0.07200

Age	Rate Per $1,000 of Coverage
50–54	$0.13477
55–59	$0.20677
60–64	$0.39923
65–69	$0.64615
70+	$0.64615

2026 Rates:

These are your 2026 rates. Your 2027 rates will go into effect on January 1, 2027. These are based on 27 pay periods.

Age	Rate Per $1,000 of Coverage
Under 25	$0.01511
25–29	$0.01822
30–34	$0.01822
35–39	$0.02667
40–44	$0.02978
45–49	$0.04533

Age	Rate Per $1,000 of Coverage
50–54	$0.06933
55–59	$0.12978
60–64	$0.19911
65–69	$0.38444
70+	$0.62222

Below is an example of how much you would pay per paycheck, depending on your age:

If you are 31 years old and your annual salary is $41,900, coverage would be $42,000 for 1x salary.

Divide $42,000 by 1,000 = $42
Multiply $42 by the age band (rate of 0.02978) = $1.25076
For $42,000 of life insurance coverage = $1.25 per paycheck

Spouse Life Insurance

Eligibility: If your spouse is also a Boston Children’s benefits-eligible employee, they must elect their own supplemental coverage. You cannot elect supplemental spousal. The spouse may elect their own supplemental coverage. If your spouse is not a benefits-eligible employee, you may elect spousal coverage up to 100% of the combined amount of your Basic Life & Supplemental Life coverage.
Cost: Flat rate per pay period, paid with after-tax dollars
Coverage Amounts: $10,000, $25,000, $50,000, $75,000, or $100,000
Maximum Coverage: $100,000

Keep In Mind!

If you elect Spouse Life Insurance, your spouse may be subject to Evidence of Insurability (EOI) if electing over $50,000 initially or making changes at a later time such as Open Enrollment or a mid-year Qualifying Life Event (QLE).

Spouse Life Insurance – Bi-Weekly Rates

2027 Rates:

These are based on 26 pay periods.

Coverage Amount	Rates
$10,000	$1.20
$25,000	$3.00
$50,000	$6.00
$75,000	$9.00
$100,000	$12.00

2026 Rates:

These are your 2026 rates. Your 2027 rates will go into effect on January 1, 2027. These are based on 27 pay periods.

Coverage Amount	Rates
$10,000	$1.16
$25,000	$2.89
$50,000	$5.78
$75,000	$8.67
$100,000	$11.56

Child Life Insurance

Eligibility: Children up to age 26. No EOI required
Cost: Flat rate per pay period (covers one or more children), paid with after-tax dollars
Coverage Amounts: $5,000 or $10,000
Maximum Coverage: $10,000 per child
If you and your spouse or non-married parent both work at Boston Children’s and are benefits-eligible, only one parent can elect to cover your child(ren) under Child Life Insurance

Dependent Child(ren) Life Insurance

Cost covers one or more children.