PA Consulting Group provides basic life and AD&D insurance for all eligible employees. Employees receive a benefit equal to four (4) times their annual base earnings (rounded up to the next higher $1,000), up to a maximum of $400,000. AD&D provides financial protection for you and your family against expenses associated with accidental death or injury. A reduced benefit is payable should you become dismembered as a result of an accident.
The value of basic life insurance coverage in excess of $50,000 is considered imputable taxable income which is reported on your W-2 form at the end of the year.