All full-time hourly associates and salaried associates automatically receive company-paid life insurance. For full-time hourly associates, you’re automatically covered starting on the first day of the calendar month during which your 89th day of continuous full-time employment falls. For salaried associates, you’re automatically covered from your date of hire. If you change to part-time, your coverage will end on the last day of your last full-time pay period.
Your benefit amount is equal to your pay, including overtime and bonuses, during the 26 pay periods of active status immediately before your death. This number is rounded to the nearest $1,000, up to a maximum of $50,000.
If you’re terminally ill, you can choose to receive up to 50% of the amount your beneficiaries would have received after your death, while you’re still living.
For more information, contact Prudential at 877-740-2116 or visit www.prudential.com/walmart. You’ll find also find plan details in the Associate Benefits Book.