Life And AD&D Insurance

When it comes to Life and Accidental Death & Dismemberment (AD&D), we provide financial protection for you and your family. We cover the cost of your basic coverage. You can enhance these benefits for yourself and your loved ones with supplemental buy-up options that make a big difference if something unfortunate occurs.

 

Life Insurance: What You Have

  Basic Supplemental
How to enroll It’s automatic—You don’t have to do anything to get this benefit. You need to elect this during open enrollment or a qualified life event.
Who pays NVIDIA pays for basic coverage for you and your family at 100%. You pay a premium for the supplemental upgrade.
For you 2.5 times your annual total target compensation, up to $2.5 million 1 to 8 times your annual total target compensation, up to $1 million
For your spouse $25,000 in coverage (pay imputed income on amounts over $2,000)
or
$2,000 in coverage (no imputed income)
$10,000 increments, up to $500,000, not to exceed employee basic life insurance amount
For your child(ren) $5,000 in coverage (pay imputed income on amounts over $2,000)
or
$2,000 in coverage (no imputed income)
$2,500 increments, up to $20,000

AD&D: What You Have

  Basic Supplemental
How to enroll It’s automatic—You don’t have to do anything to get this benefit. You need to elect this during open enrollment or a qualified life event.
Who pays NVIDIA’s got you covered at 100%. You pay a premium for the supplemental upgrade.
For you 2.5 times your annual total target compensation, up to $2.5 million 1 to 8 times your annual total target compensation, up to $1 million
For your spouse No basic coverage provided. $10,000 increments, up to $500,000, not to exceed employee supplemental AD&D insurance amount
For your child(ren) No basic coverage provided. $2,500 increments, up to $20,000

Important things to know

If your Basic Life Insurance coverage exceeds $50,000, you will have imputed income. Per the Internal Revenue Service, the cost of company-provided employee life insurance over $50,000 is treated as taxable income.

Proof of good health, also known as evidence of insurability (EOI), is used to qualify for certain amounts of life insurance coverage.

What Does It Cost?

Basic Life and Accidental Death & Dismemberment Insurance are fully paid for by NVIDIA.

Costs for all other insurance options are based upon age and the amount selected. Costs are available on the U.S. Benefits Enrollment Site. You must be connected to the NVIDIA network to access this link.

How To Enroll

You’re automatically enrolled in Basic Life, Accidental Death & Dismemberment, Basic Spouse Life, and Basic Child Life Insurance.

You can enroll in supplemental insurance plans through the U.S. Benefits Enrollment Site at any time. Evidence of insurability may apply; if required, Prudential, the plan administrator, will send you a form to fill out.