When coverage begins and ends.

• You must be classified as full-time hourly or management associate to be eligible for company paid life insurance. You must be actively at work in order for your coverage to become effective.
• If your job status changes to part-time, it ends on the last day of your full-time pay period.
• There are also ways to continue coverage when you leave the company.

Who’s covered?
All Walmart full-time hourly associates and salaried associates are automatically enrolled in company-paid life insurance up to a maximum of $50,000.

Additional Coverage

All Walmart full-time associates and management associates are automatically enrolled in company-paid life insurance up to a maximum of $50,000. The question you need to ask yourself is: ‘“Should I consider purchasing additional coverage?’”

Depending on your personal financial needs and the needs of others who rely on you for financial support, the company-provided coverage may not be enough.

More than 7 in 10 American households say that they haven’t bought more life insurance because they have other financial priorities right now. Nearly two-thirds say they simply can’t afford it.*

Over half of all households say they would have to rely on life insurance to help pay their bills and to maintain their lifestyle in the event of the primary wage earner's death.*

*LIMRA’s 2016 Household Trends in Life Insurance Ownership Study

Do I need additional optional life insurance?

You work hard every day to provide for your family. The last thing you want is to leave them in dire financial straits. Optional life insurance can offer additional financial protection. All eligible, full-time and hourly associates can purchase optional life insurance with coverage up to $200,000. Management can purchase additional coverage up to $1 million. Additionally, if a spouse, partner or dependent were to pass away, optional dependent life insurance is available for up to $200,000 for spouses and $20,000 for dependent children.

How much additional coverage will I need?

If you’re thinking about increasing coverage, start by asking yourself a few important questions:

• Have there been any changes in my life, like a new baby, a new home or a change in marital status?
• How much money would my family need to make ends meet without my current income?
• If you’re single, ask: How much money will my parents or loved ones need to pay off existing debts like a mortgage, car payment or medical expenses?
• If you’re married, ask: How much money would my spouse or partner need to fund his/her retirement?
• Are there family members like parents or children who need my ongoing support?

The answers to these questions will help you determine the amount of supplemental insurance that’s right for you. Use the Prudential needs calculator to help answer these questions.

Enrolling in Higher Coverage

If you're enrolling in optional associate life insurance for higher coverage, or to cover your dependents, you'll be required to complete a questionnaire, or have an exam to show proof of good health if:

• During your initial enrollment period the coverage amount you select is above $25,000.
• During your initial enrollment period the coverage amount you select for optional spouse/partner life insurance is above $5,000.
• Proof of good health is not required for child life insurance.
• After your initial enrollment period, you enroll in any amount of coverage.
  Or, after your initial enrollment period you increase the amount of your coverage.

Download the Proof of Good Health application form: English | Spanish

Naming a beneficiary
To ensure your life insurance benefit is paid according to your wishes, you must name one or more beneficiaries. A beneficiary is a person you choose to receive your money in case of your death. You can name anyone you wish. If no beneficiary is named, payment will be made to your surviving family members. Learn more about designating beneficiaries or designate your beneficiary(ies) online. Associates purchasing optional life insurance for their dependents are automatically designated as the beneficiary on those policies.