Life/AD&D Insurance
Amgen automatically provides you with basic life insurance coverage in the amount of two times your annual base pay, up to a maximum of $1,000,000. You may also elect combined voluntary staff life and accidental death and dismemberment (AD&D) coverage. The following additional life insurance coverage may be purchased:
- Additional coverage for yourself (one to six times your annual base pay up to $1.5 million)
- Coverage for your spouse/domestic partner ($10,000 or from $25,000 to $150,000 in increments of $25,000)
- Coverage for your dependent child(ren) ($5,000 or $10,000)
Depending on the amount of coverage you elect and/or when you make your election, evidence of insurability may be required.
Cost of Coverage
Monthly rates for additional combined life insurance and AD&D coverage for staff start at $0.033 per $1,000 of coverage for those under age 30 and increase for higher age brackets. Monthly rates for additional life insurance coverage for your spouse/domestic partner start at $0.018 per $1,000 of coverage for those under age 30. The cost of coverage for your dependent child(ren) is the same regardless of the number of children you cover or their ages.