TriNet Life and AD&D Insurance

You automatically receive TriNet basic life and accidental death and dismemberment (AD&D) insurance at no cost to you (age reductions rules may apply). This coverage provides an important level of protection in the event of your death or certain accidents that cause dismemberment. Access the Open Enrollment wizard from the TriNet online platform to learn more about the basic life and AD&D insurance benefits available to you.

In addition, you can elect TriNet supplemental life or group variable universal life insurance (Statement of Health may be required), plus supplemental AD&D insurance, so you can get the level of coverage that’s right for you. You pay the full cost of any TriNet supplemental coverage.

Supplemental Term Life Insurance*

You can purchase:

For you: Coverage equal to 1 to 6 times your basic earnings, up to $2 million. Statement of Health may be required.

For spouses/domestic partners: Coverage up to $150,000, in $10,000 increments. Statement of Health may be required.

For children: Coverage equal to $10,000 for each child.

Supplemental AD&D Insurance

You can purchase:

For you: Coverage in various increments up to $750,000.

For spouses/domestic partners: Coverage equal to 50% of your election amount.

For children: Coverage equal to 10% of your election amount for each child.

Group Variable Universal Life (GVUL)*

You can purchase:

For you: Coverage in $10,000 increments (min: $30,000), up to $1 million. Statement of Health may be required.

For spouses/domestic partners: Coverage in $10,000 increments up to $150,000 or 100% of your coverage (whichever is less). Statement of Health may be required.

For children: Coverage equal to $10,000 for each child.

*You cannot elect both supplemental group life and group variable universal life.

What’s the Difference Between Group Variable Universal Life and Supplemental Term Life?

Generally, supplemental term life insurance is designed to meet your short term life insurance needs, because it’s available for a specified "term," or period of time—such as the time you are actively working for your company. Once the term is complete or you stop paying premiums, supplemental term life insurance ends.

Group variable universal life (GVUL) coverage, a voluntary benefit for which you pay the full cost, is different. GVUL coverage combines a term life insurance policy with the ability to contribute to a tax-deferred side account that has underlying fund choices and builds cash value throughout the duration of the policy. GVUL is a refined type of coverage that can be more expensive than other types of supplemental life insurance coverage. (Note: You cannot purchase both GVUL and supplemental life insurance coverage—you may only purchase one of these coverages.)