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Lincoln Financial Group Optional Life and Accidental Death & Dismemberment

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As of May 1, 2018, Liberty Life Assurance Company of Boston is now a wholly owned subsidiary of The Lincoln National Life Insurance Company, a Lincoln Financial Group Company. Your Liberty Mutual Insurance benefits are now provided by Lincoln Financial. The transition to the Lincoln name will take place over the coming months. During this time, you may see reference to Liberty Mutual, Liberty Mutual Benefits a Lincoln Financial Group Company or Lincoln Financial Group. Please open and read all correspondence you receive about your benefits. Regardless of the brand reference there will be no interruption to benefits or claims processing.

If you have any questions during this time of transition please reach out to Human Resources.     

Peace of mind for you and for those who depend on you.

Pacific recognizes the importance of life insurance for employees at all ages and stages in life. Pacific provides Basic Life and Accidental Death & Dismemberment (AD&D) coverage for all benefit eligible employees. They also provide an opportunity for you to purchase additional Optional Term Life and AD&D insurance for you and your family.

Employee Basic Term Life and AD&D Coverage

This coverage is equal to 1 times annual base salary up to $1,000,000 in group term life and AD&D for all benefit eligible full-time and part-time employees which is paid for by Pacific.

Choose the Right Level of Protection

Because your lifestyle is unique, your life insurance needs are as well. Pacific provides an opportunity to purchase additional life insurance for you and your family. The amount of coverage you need is a personal decision. It depends on many factors such as your age, whether or not you have dependents, your other financial resources, and your debts.

Employee Optional Term Life and AD&D

This coverage is available for up to 5 times base salary not to exceed the maximum coverage amount of $1,000,000 (basic and optional life combined.) Any optional coverage you elect is paid by you with after tax contributions. The monthly rate is based on the amount selected and your age. You may also elect Spouse/Domestic Partner or Child(ren) Voluntary Term Life and AD&D Insurance for your dependents, which pays benefits to you in case of their death or accidental injury. You pay the full cost of coverage with after-tax contributions.

  • Spouse/Domestic Partner Voluntary Term Life and AD&D
    This coverage is available in increments of $10,000, up to a maximum coverage amount of $50,000.*  Guaranteed issue is $20,000.
  • Child(ren) Voluntary Term Life and AD&D
    This coverage is available for $5,000,$10,000 or $20,000 per child.* Guaranteed issue is $20,000.The premium is the same regardless of the number of eligible children covered.

* The Employee must enroll in Optional Life and Accidental Death & Dismemberment (AD&D) coverage to elect Optional Dependent Life and AD&D coverage. The Spouse coverage may not be more than 100% of the employee's Voluntary Term Life benefit. Evidence of Insurability may be required. Please see your plan booklet for additional information.

Other Things to Know:

  • Beneficiary updates: To choose or update a beneficiary for your Basic or Optional Term Life coverage, please update in Benefit Focus. Note: You will automatically be the beneficiary for your dependents Voluntary Term Life insurance.
  • Employee and Spouse Employed by Pacific: If you and your spouse are both employed by Pacific, you may cover yourself under Employee Optional Life and AD&D or your spouse may cover you under Spouse Life and AD&D, however employees may not be covered as both an employee and a spouse. If both parents are Employees, only one will be eligible for Dependent coverage with respect to their Dependent children.
  • Evidence of insurability is required before Optional Life and AD&D coverage is approved if:
    • You are newly eligible, enrolling for the first time, and selecting an amount greater than the guarantee** issue; or
    • You are currently enrolled and elect to increase your coverage as a result of a Qualifying Life Event.

                    **Guarantee Issue: Employee - 1 times base salary, Spouse - $20,000 and Child(ren) - $20,000.

  • Qualifying Life Event: You can only increase or decrease your current level of Optional Life and AD&D coverage's as a result of a Qualifying Life Event. However, you can cancel your Optional Life and AD&D midyear. (Note: Increases in coverage will require approval of proof of good health).
  • The company code for the Lincoln Financial website is : Pacific.

To make changes to your benefits coverage, please complete your benefit changes within 31 days of the qualifying life event. Please visit to enroll or waive benefits. 

Optional Term Life and AD&D Rates
COST PER PAY PERIOD FOR $1,000 OF OPTIONAL TERM LIFE AND AD&D INSURANCE. Deductions be made through 26 pay periods for all employees.

Age Employee & Spouse Age Employee & Spouse
Under 30 $0.0323 55-59 $0.2077
30-34 $0.0346 60-64 $0.2400
35-39 $0.0438 65-69 $0.4708
40-44 $0.0554 70-74 $0.8169
45-49 $0.0785 75+ $0.9600
50-54 $0.1154


If a 33-year employee selected Optional Life & AD&D coverage of 1 times annual salary which equaled $50,000, his/her cost per pay period would be $1.90.
.038 (the cost per pay period for one unit of $1,000 coverage) x 50 = $1.90

-If the 33-year old employee selected Optional Life & AD&D coverage for a 33-year old spouse in the amount of $20,000, his/her cost per pay period would be $0.76.
.038 (the cost per pay period for two units of $1,000 coverage) x 20 = $0.76

Optional Term Life and AD&D Insurance for Dependent Children

  Coverage Amount $5,000 $10,000 $20,000
  Cost per Pay Period $0.25 $0.50 $1.00

Reduction in Basic and Optional Term Life and AD&D Volumes
Upon an enrolled individual's attainment in age as listed below, their current coverage will be reduced as follows:
Ages 70-74: 35%
Ages 75 and older: 50%

Conversion and Portability
All Basic and Optional Life coverages, for yourself and your dependents, may be available to be continued under the portability provision of our Plan or may be converted to a private individual policy under certain circumstances. Refer to the Certificate of Coverage.

Imputed Income
The IRS allows employees to receive employer-paid life insurance up to $50,000 tax-free. If your Basic Life Insurance amount is greater than $50,000, IRS regulations require a tax on "imputed income" for the premium cost of the coverage amount above $50,000. You are only taxed on the cost of the portion of insurance coverage over $50,000. Imputed income is usually a relatively small amount.  

Additional Documents: