07.11.2014 Views

Welcome to Northrop Grumman - Benefits Online

Welcome to Northrop Grumman - Benefits Online

Welcome to Northrop Grumman - Benefits Online

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Life Insurance<br />

• Basic life<br />

– Greater of: 1 X your annual base salary or $50,000<br />

– Can limit <strong>to</strong> $50,000 <strong>to</strong> avoid imputed income<br />

– 100% company-paid<br />

• Optional life<br />

– You may choose <strong>to</strong> purchase additional coverage for<br />

yourself, your spouse/domestic partner, and your children<br />

• Employee: 1, 2, 3, 4, 5, 6, 7, or 8 x your base salary,<br />

up <strong>to</strong> $1 million<br />

• Spouse/domestic partner: 1, 2, 3, or 4 x your coverage<br />

amount, $25,000, $50,000 (up <strong>to</strong> a maximum of the lesser of 50%<br />

of your <strong>to</strong>tal coverage — basic and optional — or $500,000)<br />

• Child: $10,000, $20,000, or $30,000<br />

– You pay for coverage with after-tax payroll deductions<br />

23

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!