Life and Disability Insurance

Life Insurance

 

If you are a regular employee working 20 hours or more per week, you’ll automatically receive firm-paid, guaranteed-issue basic life insurance coverage equal to one times your annual base pay.

 

If you’d like more life insurance protection, the following forms of optional coverage are available for purchase:
 

  • Optional Employee Life Insurance. If you’re eligible for basic life insurance, you may also purchase optional employee life insurance from 1 to 6 times your annual base pay to a maximum of $500,000. Your monthly cost depends on the amount of insurance you purchase and your age.

  • Spouse or Domestic Partner Life Insurance. You can purchase $10,000, $20,000, $30,000, $40,000, $50,000, $75,000, $100,000, $125,000, $150,000, $175,000 or $200,000 of life insurance for your spouse or domestic partner. This coverage may not exceed 50% of the employee’s approved amount of optional coverage. Your monthly cost depends on the amount of insurance you purchase and your spouse’s or domestic partner’s age.

  • Child Life Insurance. You can purchase $10,000 of coverage for your child(ren). To qualify, children must be under 26 years old. Your monthly cost is the same, regardless of the number of children covered.

 

Depending on when you enroll and how much coverage you elect, Evidence of Insurability (EOI) may be required.

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Young Family

AD&D insurance

 

In addition to life insurance, the firm protects your loved ones with additional insurance coverage that pays a benefit if you die or are dismembered in an accident. Wilson Sonsini automatically provides you with firm-paid coverage equal to one times your annual base pay.

 

Optional AD&D insurance

 

You have the option to purchase supplemental AD&D coverage to provide your family with additional financial security if you die or suffer a severe injury due to an accident.

You may purchase from 1 to 6 times your annual base pay up to a maximum of $1,000,000. Your monthly cost is 1.5 cents per thousand dollars of coverage.

Evidence of insurability is not required when purchasing optional AD&D coverage.

 

Protect the ones you love

 

If your family depends on you and your income, you’ll want to be sure they have enough savings if something happened to you. And don’t forget to protect your loved ones by designating your beneficiaries — the people who will receive your life insurance benefit if you die. You can designate (and periodically update) your group life insurance beneficiaries on the online benefits portal in Workday.

Disability Insurance

 

Wilson Sonsini provides short-term and long-term disability income protection at no cost to you.
 

  • Short-Term Disability. If you become sick or injured away from work, and can’t work because of the illness or injury, the firm is looking out for you. When you are on an approved medical leave of absence that lasts more than one week, you’ll receive up to 12 weeks of short-term disability pay continuation to supplement accrued Paid Time Off (PTO) or sick time. Please refer to the firm’s leave of absence policy for details.​​
     

  • Long-Term Disability. Not all illnesses or injuries will be healed within a short period of time. If an illness or injury prevents you from working for more than 90 days, you may apply for long-term disability benefits that replace 60% of your monthly base salary, up to $20,000 per month. Wilson Sonsini pays the full cost of your long-term disability insurance coverage.

 

Long-term disability insurance tax option

 

Boost your benefit! You may elect to have the value of firm-paid, monthly premiums included in your taxable gross income. Paying tax when premiums are paid allows you to receive non-taxable benefits in the event of a future disability claim, increasing the income protection power of your long-term disability coverage.

Person with Crutches