Life / AD&D Insurance

Pacsun provides Company-paid and Voluntary associate-paid Life and AD&D Insurance options for associates. Read more below…

Company-paid Basic Term Life / AD&D Insurance

Pacsun provides eligible associates with Basic Term Life Insurance at no extra cost to you, and enrollment is automatic. You are not required to take any action to participate.

Life Insurance coverage amounts vary by Eligibility Group. See the eligibility chart on the Eligibility & Enrollment Page to locate the Group into which you fall.

• Group 1: $1,000,000
• Group 2: 1 times your salary up to a maximum of $250,000

Benefits reduce to 65% at age 70 and 50% at age 75.

Company-Paid Accidental Death and Dismemberment (AD&D) Insurance

If you are eligible for life insurance, your AD&D benefit is equal to the amount of your Basic Life Insurance benefit and is provided at no extra cost to you. Benefits reduce to 65% at age 70 and 50% at age 75. Enrollment in the AD&D plan is automatic. You are not required to take any action to participate.

Beneficiary Designation

You need to designate a beneficiary to receive your Basic Life and AD&D Insurance benefit in the event of your death.

Designate a beneficiary as part of your online enrollment in UltiPro. You may also add or edit beneficiaries at any time during the year by logging into your UltiPro account.

Voluntary Term Life Insurance

Eligible associates may purchase additional Voluntary Term Life Insurance to cover yourself, your spouse, and your child(ren). If you are newly benefit eligible or enroll during an Open Enrollment period, you may take advantage of the guaranteed issue amount of $250,000 for associates and $50,000 for spouses.  If you enroll outside of Open Enrollment, an Evidence of Insurability requirement will apply.

Associate Voluntary Term Life Insurance

• You may elect coverage up to a maximum of 5 times your salary or $500,000; whichever is less
• An Evidence of Insurability (EOI) will be required for any amounts greater than $250,000
• Benefits reduce to 65% at age 70 and 50% at age 75
• Associates are required to enroll themselves in Voluntary Term Life Insurance in order to add a spouse or child(ren) to coverage

Spouse Voluntary Term Life Insurance

• You may elect coverage in amounts of $10,000, $25,000, $50,000, $75,000, $100,000 or $125,000 for your spouse up to a maximum of 100% of your Voluntary Life Insurance amount
• An Evidence of Insurability (EOI) will be required for any amounts greater than $50,000
• Benefits reduce to 65% at age 70 and 50% at age 75

Child Voluntary Term Life Insurance

• If enrolling yourself, you may also elect coverage in the amounts of $5,000 or $10,000 for your dependent child(ren) aged 6 months to age 26.
• A child under the age of 6 months is only eligible for $500 of life insurance.
• If more than one child is enrolled, all children are required to be enrolled in the same amount of coverage.

Voluntary Accidental Death and Dismemberment (AD&D) Insurance

Eligible associates may purchase Voluntary Accidental Death and Dismemberment (AD&D) insurance to cover yourself, spouse of child(ren).

Associate Voluntary AD&D Insurance

• You may elect amounts of $100,000, $200,000, $300,000, $400,000, or $500,000
• Benefits reduce to 65% at age 70 and 50% at age 75
• Associates are required to enroll themselves in Voluntary AD&D Insurance in order to add a spouse or child(ren) to coverage

Spouse Voluntary AD&D Insurance

• You may elect coverage in amounts of $50,000, $100,000, $150,000, $200,000, or $250,000 for your spouse up to a maximum of 50% of your voluntary AD&D amount
• Benefits reduce to 65% at age 70 and 50% at age 75

Child Voluntary AD&D Insurance

• You may elect coverage in the amounts of $5,000 or $10,000