Life and AD&D Insurance

What you need to know

PayPal provides you with life and accidental death and dismemberment (AD&D) insurance at no cost to you. And you’re automatically enrolled in them.

Employees are eligible for benefits effective their date of hire (for employees working 20 or more hours per week).

It’s about protecting the people who are most important to you. It’s about having financial protection — in the event you need it. It’s about taking care of your loved ones (and even yourself) if you become severely injured or die. It’s about having peace of mind.

Employee basic life insurance

PayPal pays 100% of the cost.

Employee basic life insurance: 2x your annual base earnings, up to Can$500,000

Maximum coverage without evidence of insurability: Can$500,000

Spousal life insurance: Can$10,000

Child life insurance: Can$5,000

Optional employee and spouse life insurance 

You pay 100% of the cost.

Optional employee-only life: units of Can$10,000, to a maximum of Can$500,000

Optional spouse life: units of Can$10,000, to a maximum of Can$500,000

Accidental death and dismemberment (AD&D) insurance 

PayPal pays 100% of the cost.

Employee basic AD&D: 2x annual base earnings, up to Can$500,000

Optional AD&D

You pay 100% of the cost.

  • Employee coverage: units of Can$10,000 to a maximum of Can$250,000
  • Spousal coverage: 50% of the employee AD&D coverage if you do not have children, or 40% of your AD&D coverage, if you have children
  • Child(ren) coverage: 10% of your AD&D coverage if you do not have a spouse, or 5% of your AD&D coverage if you have a spouse

Provider contact information