Life and accident insurance

What you need to know

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

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) should you become severely injured or die. It’s about having peace of mind.

Basic life and AD&D cost you nothing

PayPal covers the cost of these benefits, and you’re automatically enrolled.

You can also purchase optional life and AD&D insurance for yourself and your eligible dependents.

Basic Life Insurance 

Twice your annual earnings (including commissions), up to a maximum of $2 million.*

*Imputed income is the term the I.R.S. applies to the value of any benefit or service that should be considered income for the purposes of calculating your federal taxes. The value of employer provided life insurance coverage greater than $50,000 falls into this category. The value of the coverage is the amount the IRS assumes you would have to pay to purchase a policy in that amount in the private market. This value is based on your age and the amount of coverage you have. Imputed income is added to your pay for tax purposes, and the additional taxes that you owe are deducted from your paycheck.

Optional Life Insurance

One to six times your annual earnings, up to a maximum of $2 million. You pay for coverage post-tax from your paycheck. What you pay is based on the amount you select and whether you use tobacco. Visit YBR (@Work | Log In) for contribution amounts. 

Keep in mind that evidence of insurability (EOI) is required if you select coverage that is three times your salary or $500,000 (whichever is less). EOI is also required during Annual Enrollment if you newly elect optional life insurance or increase coverage by more than one level. It requires you to fill out a form and submit it to the insurer to determine if you will be insured.

Spouse Optional Life Insurance

Up to $250,000 or 50% of your own coverage, whichever is less. 

EOI is required if you choose to enroll in coverage of $75,000 or more.

You pay for coverage post-tax from your paycheck. What you pay is based on the amount you select and whether you use tobacco.

Child Optional Life Insurance

Up to $25,000 per child. You pay for coverage post-tax from your paycheck. 

Business Travel Accident (BTA) Insurance

If you’re traveling on company business, you’re covered should something happen. Business Travel Accident Insurance and Emergency Travel Assistance coverage provides:

  • Life and accident insurance of up to five times your salary ($1 million limit) 
  • Insurance for medical expenses incurred outside your home country 
  • Insurance for lost baggage and cash or cash equivalents

You automatically receive this benefit as a PayPal employee and do not need to enroll in the plan. 
 

Accidental Death and Dismemberment (AD&D)

You pay nothing for Basic AD&D coverage. If you want additional coverage, you will pay a premium that varies based on how much coverage you select. 

Basic AD&D Insurance

Company-provided benefits of twice your annual earnings (including commissions), up to a max of $2 million.

Optional employee only or employee and family AD&D Insurance

One to six times your annual earnings (including commissions), up to a max of $2 million. 

You pay for coverage post-tax from your paycheck. What you pay is based on the amount you select and whether you use tobacco. Visit YBR (@Work | Log In) for contribution amounts.

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Provider contact information

Accidental Death & Dismemberment (AD&D) Insurance

A.C. Newman & Company (AD&D)
Plan/Group Number
ADD-123708 Basic; PAI-123707 Optional