What you need to know
Life insurance is 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 yourself and your loved ones should you become severely injured or die. It’s about having peace of mind.
Basic coverage
PayPal provides employees with group term life insurance of up to 36 times basic monthly salary — 100% company paid. You’re covered no matter where you go, 24/7. And you’re automatically enrolled. Keep in mind this coverage is for you only and does not extend to your dependents.
Coverage pays a benefit to your loved ones in the event of accidental or natural death, or if you become ill and expect to die within 12 months.