It’s important to plan for your family’s financial security in case the unexpected happens. That’s why MSCI Inc. provides employees with basic life and accident insurance — at no cost to you.
MSCI Inc. provides basic life and accident insurance to assist you and your family in the event of a death or dismemberment. These benefits are fully paid by the company. Note: Company-paid coverage is automatic; you do not need to enroll.
Benefits are equal to:
- Basic life insurance: Two times your annual salary, up to a maximum of $500,000
- Basic accident insurance: Two times your annual salary, up to a maximum of $500,000 (paid in addition to life insurance benefit in cases of accidental death)
To avoid imputed income tax, you can choose to limit your basic life and accident insurance benefit amounts to $50,000.
Have you named a beneficiary?
It's important to designate a beneficiary to receive the benefit paid by a life insurance policy. As personal circumstances change, be sure to keep that information up-to-date. Go to Workday or email askbenefits@msci.com to add or change a beneficiary.
You can purchase additional life and accident insurance for yourself, as well as coverage for your eligible dependents. You pay the full cost of any supplemental life and accident insurance coverage. You must purchase coverage for yourself in order to purchase it for your dependents.
- Supplemental life and accident insurance for you – You may elect additional coverage of one to six times your annual salary, up to a maximum combined basic and supplemental benefit of $1,500,000. Evidence of insurability may be required.
- Life and accident insurance for your spouse/domestic partner – You may purchase coverage in $5,000 increments, up to a maximum of 50% of your supplemental life and accident coverage or $100,000, whichever is less. Evidence of insurability may be required.
- Life insurance for your child(ren) – You may purchase coverage of $10,000 per child for your dependent children up to age 26.
Evidence of insurability
Life insurance over a certain amount may require evidence of insurability (EOI). After electing coverage, you will receive more information if EOI is required.
What does it cost?
Your cost is based on your age (and, if you elect to cover your spouse/domestic partner, the age of your spouse/domestic partner) and the amount of coverage you choose. Rates will be displayed in Workday when you enroll.