Life and Accidental Death & Dismemberment (AD&D) Insurance

While never easy to anticipate, plan for, or discuss, Linksys hopes you find comfort in knowing we are here to support you and your family in times of need. Through New York Life (formerly Cigna), Linksys provides you with Basic Life, Basic AD&D, and Core Long Term and Short Term Disability insurance along with a number of options to augment these Linksys-paid coverages. Below you will find additional information about both Linksys-paid and employee-paid coverages available to you.

Basic Life insurance coverage is provided at no cost to you, and you are not required to enroll in any other health and protection program.
This coverage is automatic and 100% of the cost is paid by Linksys. (Note: Values over $50,000 determined by age and schedule are subject to imputed income.) However, you must designate a beneficiary for this benefit. The life benefit is paid to your designated beneficiary in the event of your death.
Basic AD&D insurance is provided as part of your Basic Life coverage and provides a benefit for death or for certain severe injuries resulting from an accident.

Basic Life and AD&D
Coverage LevelCoverage Amount
Employee2 X Employee's Basic Annual Earnings, rounded up to the next higher $1,000, minimum of $100,000 and maximum of $500,000

Optional Life and AD&D Coverage

You can add to your employer-paid coverage by purchasing Optional Life and Optional AD&D insurance.
If you decline Optional Life or AD&D insurance when first eligible or if you elect coverage and later wish to increase your benefit amount, Evidence of Insurability (EOI) may be required before Optional Life coverage is approved by New York Life (formerly Cigna). You pay 100% of the cost through payroll deductions with after-tax dollars.
You can make separate elections for Optional Life and Optional AD&D coverage for yourself, your spouse or domestic partner, and/or your child(ren), as long as you are enrolled in coverage for yourself.

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Optional Life
Coverage Level Coverage Amount
Employee You may elect coverage in $10,000 increments up to $500,000 or 5x your base salary, whichever is less (Guaranteed issue is $200,000 at initial offering only).
Spouse/Domestic Partner You may elect coverage in $10,000 increments up to $250,000. Not to exceed 50% of the employee’s voluntary life coverage amount. Guaranteed issue is $30,000. (Spouse coverage terminates at age 70).
Child(ren) 6 months to age 26 Birth to 6 months: $1,000.
6 months to 26 years: $10,000. Guaranteed issue is the full amount.
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Optional AD&D
Coverage Level Coverage Amount
Employee You may elect coverage in $10,000 increments up to $500,000 max or 5 times your base salary, whichever is less.
Spouse/Domestic Partner You may elect coverage in $10,000 increments up to $250,000. (Spouse coverage terminates at age 70.)
Child(ren) 6 months to age 26 You may elect coverage of $10,000.

Guaranteed Issue and Evidence of Insurability (EOI)

When you are first eligible (at hire) for Optional Life, you may purchase in increments of $10,000 up to 5 times your base annual salary up to guaranteed issue (GI) of $200,000 without EOI. If the amount requested is more than GI, you will need to provide EOI before the amount over GI becomes effective. If you enroll your spouse when first eligible, you may buy up to GI without providing EOI. Your spouse will need to provide EOI to be eligible for coverage over GI, or if coverage is requested later.

Life Status Changes

If you are currently insured under the Voluntary Life Insurance portion of this Policy, you may increase your Voluntary Life Insurance Benefit within 31 days after a Life Status Change. If you are eligible for the Voluntary Life Insurance portion of this Policy but have not previously enrolled, you may become insured under the Policy within 31 days of the Life Status Change, as long as the total Benefit does not exceed the Maximum Benefit by satisfying the Insurability Requirement. In either situation, you must provide Evidence of Insurability (EOI). Insurance will be effective on the later of the first of the month following the Life Status Change or the date the Insurance Company agrees in writing to insure you.

Imputed Income

Under current tax laws, you are required to pay income taxes on the “value” of your Company-provided basic life insurance coverage in excess of $50,000. The “value” is determined by your age and a schedule established by the IRS. This tax liability is called “imputed income.”

Cost of Optional Life and Optional AD&D

Payroll deductions for your Optional Life and/or Optional AD&D coverage will be made for each applicable pay period in the calendar year (up to 26 times per year).

Optional Life Rates
Age BandMonthly Rate (per $1,000 of coverage)
0-24$0.063
25-29$0.075
30-34$0.100
35-39$0.112
40-44$0.124
45-49$0.187
50-54$0.287
55-59$0.536
60-64$0.822
65-69$1.581
70+*$2.564
Monthly Life Rate - Child(ren)$0.1
*Optional Spouse coverage ends at age 70
Optional AD&D Rates
CoverageMonthly Rate (per $1,000 of coverage)
Employee$0.02
Spouse$0.02
Child$0.02