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Life insurance

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Last updated date: 5/23/2024

Overview

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.

Support is available

Quantum Health is on-hand to assist with any questions or claims processing help. Reach out to a Care Navigator at 844-460-2821 or axaxl-quantum.com to get prompt one-on-one support with filing claims, understanding your life insurance benefits, and other related AXA XL benefit matters.

Access additional valuable benefits at no cost to you

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.

If you receive Basic Life insurance

As part of your Basic Life Insurance coverage, you have access to a suite of value-added services, including:

  • Online will preparation
  • Funeral planning services and discounts
  • Digital legacy
  • Transition solutions
  • Travel assistance
  • Face-to-face grief counseling
  • Funeral assistance
  • Beneficiary claim assistance

If you elect GVUL insurance

If you elect GVUL insurance, you are eligible for the benefits noted above, as well as the following:

  • One-on-one will preparation services in-person or over the phone
  • Face-to-face estate resolution services for your beneficiaries
  • Expert legal help through MetLaw

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.

Basic and Supplemental insurance

Basic Life insurance

You are automatically enrolled in basic life insurance at amounts equal to three times your annual base salary, up to $750,000.

GVUL insurance

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:

  • Supplemental life coverage (for you): 1x – 8x your annual base salary, up to a maximum of $3,000,000.
  • Spouse/domestic partner coverage: $5,000 increments up to $250,000, not to exceed 100% of employee coverage amount.
  • Dependent child coverage: $2,000 increments up to $10,000.

Evidence of insurability

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.