At AXA XL, we want to make sure you and your family always stays well, and to help you protect your income in a catastrophic event, we provide you with comprehensive basic life insurance at no additional cost to you. You will also have the option of buying additional Group Variable Universal Life (GVUL) insurance for you and your family.
Understand the differences between basic and GVUL insurance for supplemental employee and dependent life insurance in this section.
If you’re eligible for life insurance at AXA XL, you may also be eligible for additional valuable benefits through Metlife at no cost to you. Read on to learn more.
As part of your Basic Life Insurance coverage, you have access to a suite of value-added services, including:
If you elect GVUL insurance, you are eligible for the benefits noted above, as well as the following:
To learn more about MetLaw, go to members.legalplans.com, or call 800-821-6400 from 8 a.m. to 8 p.m. ET to speak with an experienced service team that can match you with the right attorney and give you a case number.
You are automatically enrolled in basic life insurance at amounts equal to three times your annual base salary, up to $750,000.
GVUL insurance is a group life insurance certificate that combines permanent life insurance coverage with the opportunity to contribute additional premium into the GVUL certificate’s tax-deferred investment feature. Additional premium contributions are made on an after-tax basis and any potential earnings accumulate tax-deferred.
You may elect GVUL insurance for yourself and dependents as follows:
Evidence of Insurability is an application process that helps assess whether you are insurable for higher levels of life insurance. You are guaranteed insurance for the amounts of coverage up to the Evidence of Insurability requirements. You do need to complete the statement to receive amounts greater than the levels specified.
Evidence of Insurability (EOI) is generally required if you make any changes to your life insurance benefit.
You can elect or increase your supplemental life insurance up to $300,000 without submitting EOI when you are initially eligible or during a qualified life event. Dependent life for spouse/domestic partner can be elected or increased without submitting EOI upon initial eligibility or during a qualified life event, as well.
If you are required to provide Evidence of Insurability, MetLife will email you a Statement of Health to complete and return to MetLife for review. Please return it as soon as possible to avoid delays in the decision process.