Life and Accidental Death & Dismemberment

Life insurance is a financial safety net that provides a lump sum payment to your loved ones named as beneficiaries, in the event of your death.

Best of all, H&M provides life insurance and AD&D insurance at no cost to you.

Basic Life and AD&D Insurance

Full-time employee coverage

The basic life benefit and AD&D benefit are one times annual base salary for each coverage, to a maximum payment of $500,000*. 

Part-time employee coverage

The basic life benefit is $5,000 (no AD&D coverage). To be eligible, you must work at H&M for at least six months and in the event of loss of life, a look back of working at least 17 hours per week for the previous six months.

*The IRS taxes any amount over $50,000. Therefore, all employer-paid life insurance over $50,000 is taxable as imputed income and will show on your pay stub as a line item.

Supplemental Life Insurance

You can purchase additional life insurance if you want more coverage than the basic life insurance provides.

Coverage for yourself

• Purchase additional coverage for yourself in $10,000 increments up to $500,000.
• Insured coverage of $250,000 or more will require Evidence of Insurability (EOI).

Coverage for dependents

• You may also purchase dependent coverage for your spouse and child.
• Coverage for children is available to a maximum benefit of $10,000.

WHERE DOES AN EMPLOYEE SIGN UP FOR SUPPLEMENTAL LIFE INSURANCE?