Life and accident insurance

What you need to know

BAE Systems provides financial protection to you and your dependents in the event of your death or serious injury. You’re automatically enrolled in basic life and basic accidental death and dismemberment (AD&D) insurance at no cost to you.

Take care of your loved ones. Make sure your beneficiaries on file are up to date at the BAE Systems Benefit Center when you review your Annual Enrollment elections. Please note that restrictions apply if you designate a minor as a beneficiary.

Life insurance

Basic life insurance

BAE Systems provides basic employee life insurance coverage of two times your annual base salary, up to $1 million, at no cost to you.

The value of the premiums for coverage above $50,000 is subject to tax as imputed income.

Optional life insurance

You can purchase additional coverage for:

  • Yourself: Between one and six times your annual base salary, up to $1 million 
  • Your spouse: In increments of $25,000, up to $250,000
  • Your child(ren): $10,000

The amount of life insurance you choose for your dependents cannot be greater than the total amount of life insurance you carry on yourself.

Evidence of insurability may be required.

EstateGuidance will services

If you’re covered under a Hartford Group Life insurance policy, you have access to EstateGuidance® will services provided by ComPsych®. Save time and money with this service, which can help you create a simple, legally binding will quickly and conveniently online. 

You also have:

  • Online assistance from licensed attorneys who can answer questions you may have.
  • The option to save drafts of your will for up to six months, so you can make changes or revisions at no additional cost to you (cannot have printed or have downloaded your will).
  • Additional estate planning services that you can purchase, such as the creation of living wills and trusts, guidance about divorce proceedings, and durable power of attorney.

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Accidental death and dismemberment (AD&D) insurance

Basic AD&D

This plan pays a benefit if you die or are injured in an accident. BAE Systems provides basic AD&D insurance coverage of two times your annual base salary, up to $1 million, at no cost to you. 

Optional AD&D

You can purchase additional coverage for:

  • Yourself: Up to six times your annual base salary, up to $1 million 
  • Your spouse: 50% of the optional coverage you elect for yourself 
  • Your child(ren): 15% of the optional coverage you elect for yourself, up to $50,000 per child

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Business travel accident insurance

This plan pays a benefit if you die or are seriously injured while traveling on company business. BAE Systems provides coverage of up to six times your annual base salary, up to $2 million. You’re automatically enrolled in this plan at no cost to you.

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Life and accident insurance

BAE Systems Benefit Center

8 a.m.–8 p.m. Eastern Time, Monday through Friday

+1-718-354-1341 (outside the U.S.)