You are eligible to participate in life insurance coverage the first of the month following your hire date. You can increase your life insurance coverage at any time, year-round or when you have an eligible change-in-status event. Select coverage of up to six times your pay (maximum $4 million) for Supplemental Life and Voluntary Accidental Death & Dismemberment (AD&D) insurance. You may also purchase Dependent Life insurance; up to $100,000 for your spouse or domestic partner and up to $25,000 for your children (limited to 50% of your total Basic and Supplemental employee coverage).
Your costs for Supplemental Life, Dependent Life, and Voluntary AD&D are paid for on a monthly post-tax basis through payroll deductions. Certain restrictions apply to some benefits when transferring from a Management or Administrative & Technical position to Union-Represented employee. Be sure to understand how a transfer can affect your benefits, if applicable. Please call the PG&E Benefits Service Center at 1-866-271-8144 for details.
The table above lists the annual cost of $1,000 of coverage based on age and smoker/non-smoker status. However, the benefits system calculates premiums based on monthly cost per $1,000 of coverage (see examples for detailed calculation).
When you end your employment at or after age 55 ("retire"), the full amount of your pre-retirement employee supplemental life insurance coverage remains in effect for 31 days. After 31 days, PG&E provides continued Postretirement Life Insurance coverage.