Jabil protects you and your family with Basic Life and Accidental Death and Dismemberment (AD&D) Insurance through MetLife at no cost to you.

Basic Life Insurance pays your beneficiary a benefit if you die. If you die in an accident, AD&D Insurance pays your beneficiary an extra benefit. Or, if you have a significant injury resulting from an accident, AD&D Insurance pays a benefit to you.

You can purchase Supplemental Life Insurance for yourself and your eligible dependents.

Your Options

Benefit Coverage
Employee Basic Life and Accidental Death & Dismemberment (AD&D)
  • Basic Life: 2.5 times your base annual earnings, up to $500,000.
  • AD&D: equal to Basic Life.
  • If your coverage is more than $50,000, the cost of the coverage above $50,000 (known as imputed income) is included as part of your income and subject to Social Security and Medicare taxes.
Supplemental Life:Employee
  • Up to 5 times your base annual earnings, in $10,000 increments, up to $1 million.
  • When first eligible, you can receive up to $400,000 without providing a Statement of Health (SOH). If you choose more than $400,000 or add coverage during open enrollment, the system will prompt you with a link to complete the SOH.
  • When required, you must provide SOH within 60 days:
    • From your hire date, or
    • From the day you enroll during open enrollment.
  • Rates may increase throughout the year based on age.
If you purchase Supplemental Life Insurance for yourself, you can also purchase coverage for your dependents.
Supplemental Life: Dependent Spouse
  • Between $10,000 and $250,000, in $5,000 increments, as long as the coverage amount does not exceed Supplemental amount.
  • When first eligible, your spouse can receive up to $35,000 without providing Statement of Health (SOH). If you choose more than $35,000 or add coverage for your spouse during open enrollment, the system will prompt you with a link to complete the SOH.
  • When required, you must provide SOH within 60 days:
    • From your hire date, or
    • From the day you enroll during open enrollment.
  • You cannot elect more Supplemental Life Insurance for your spouse than you elect for yourself.
  • You may not cover your spouse as a dependent if your spouse is enrolled for coverage as an employee.
Supplemental Life: Dependent Child
  • $5,000 or $10,000 per child (SOH is not required).
  • Coverage ends on the day a dependent turns age 26.
  • No dependent child can be covered by more than one employee in the plan.
  • No dependent child can be covered as both an employee and a dependent.
You must be actively at work for initial coverage or any increase in coverage in your life for AD&D plans to take effect.

Designate your beneficiary for Basic and Supplemental Life through the Jabil Benefits Service Center.

Accelerated Benefit Option

If you’ve been diagnosed as terminally ill with no more than 12 months to live, you can use the Accelerated Benefit Option (ABO) feature to receive a lump-sum payment of a portion of your life insurance benefit early to use for any purpose. You are eligible to receive up to 50% of your combined Basic and Supplemental Life Insurance benefit, up to $250,000.

It’s also available to your dependents who have Jabil Supplemental Life coverage.

Contact the Jabil benefits department to apply for the ABO.

Benefit Reductions

Your Basic and Supplemental Life Insurance coverages reduce starting when you turn age 65:​​

  • Age 65 but less than 70, your benefit reduces to 65%
  • Age 70 but less than 75, your benefit reduces to 45%
  • Age 75 or older, your benefit reduces to 25%

Once your benefit reduces, you can convert it to an individual policy without showing evidence of insurability for your new policy. You have 31 days to apply for a new policy, otherwise you lose the option to convert coverage.

Empathy Services

You’ll get FREE support for the challenges you face when you lose a loved one, including probate and estate settlement, tax guidance, funeral planning assistance, grief support, and more.

Estate Planning

Supplemental Life coverage comes with FREE estate planning services. Get professional help with your estate planning, including will preparation, and beneficiary designation guidance.