Life insurance

What you need to know

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 your loved ones should you die. It’s about having peace of mind.

PayPal provides you with life insurance through Swiss Life at no cost to you.

Who’s eligible?

All employees working at least 20 hours a week are immediately eligible and automatically enrolled in life insurance.

Basic coverage

As part of your retirement plan, in the event you die, your beneficiaries will receive a lump sum of 3 times your annual salary, up to a maximum of €1.500.000. Please note that this insurance cannot be pledged (e.g., you will not be able to pledge it in case you wish to buy an accommodation).

Provider contact information

Swiss Life (Luxembourg) S.A.