PROTECTION BENEFITS
We all have concerns about how loved ones would get by if something happened to us. Sony Pictures offers you the opportunity to build a solid financial plan to protect your loved ones.
LIFE INSURANCE & AD&D
- EXPAND ALL|COLLAPSE ALL
- BASIC LIFE AND AD&D INSURANCE
Life insurance provides your beneficiary with a benefit in the event of your death.
Accidental Death and Dismemberment (AD&D) insurance provides an additional benefit if you suffer a serious injury in an accident, or in the event of your death.
Sony Pictures provides eligible employees with basic life1 and AD&D insurance of 1x annual base salary up to a maximum of $1 million at no cost to you. Coverage is provided by Securian Financial.2
1 At age 65, supplemental employee life and supplemental AD&D coverage decreases to 65% of the amount in effect before age 65.
2 Executive life insurance provided by MetLife; different limits and rates may apply.
- SUPPLEMENTAL LIFE AND AD&D INSURANCE
You may buy additional life and AD&D insurance coverage beyond the basic benefit.
• Employee – 1-5x annual base salary up to a maximum of $1 million. Age reductions apply
• Spouse/partner2 – $10,000, $25,000, $50,000, $100,000 or $250,000
• Child – $10,000 or $20,000Supplemental AD&D insurance coverage:
• Employee – 1-8x annual base salary up to a maximum of $1.5 million.
• Family – Spouse/partner, up to a maximum of $750,000; child maximum of $100,000:
-- Spouse/partner (with children): 40%3
-- Spouse/partner (no children): 50%3
-- Each child (with spouse/partner): 10%3
-- Each child (no spouse/partner): 25%3
3 If your spouse/partner/child is eligible for coverage as an employee, they cannot be covered as a dependent. A child may be covered by only one parent if both parents are Sony Pictures employees. Children are eligible from live birth to age 26.
4 Supplemental spouse/partner and child AD&D coverage is a percentage of the employee’s supplemental AD&D amount.
CHOOSING YOUR BENEFICIARIES
Choosing who will receive your survivor benefits for life insurance, AD&D and 401(k) is an important decision. You’re required to name your beneficiaries when you enroll. After your first enrollment, you should periodically review your beneficiary elections to make sure their information is up to date. You may change beneficiaries at any time.
SHORT TERM & LONG TERM DISABILITY
Disability insurance provides you with a portion of your income if you’re unable to work due to a covered illness or injury, with Short-Term Disability (STD) and Long-Term Disability (LTD) coverage designed to work together to protect your pay over time.
ACCIDENT & HOSPITAL INDEMNITY
Sony Pictures offers two voluntary insurance plans through Aetna — Accident and Hospital Indemnity — that pay cash benefits directly to you. Because you pay premiums with after-tax dollars, benefits are generally tax-free and can be used however you choose.
- EXPAND ALL|COLLAPSE ALL
- ACCIDENT
Accidents are just that — accidents. You can’t plan for them. But, you can protect yourself financially as much as possible. This plan will pay you benefits if you’re hurt in an accident and:
- Have to visit the emergency room or urgent care.
- Require follow-up visits, physical therapy, etc.
- Are hospitalized (hospital-stay limit is 365 days) BONUS! The plan also pays $75 when you get preventive care and screenings.
- HOSPITAL INDEMNITY PLAN
When you’re in the hospital, you can’t work, so wouldn’t it be nice to get “paid” for your hospital stay? The plan pays benefits for admission and a daily benefit for a covered hospital stay when you have a planned or unplanned hospital stay for an illness, injury, surgery or having a baby. You can use the benefits to help pay out-of-pocket medical costs or personal expenses. If you’re hospitalized for rehabilitation and observation, mental health conditions including substance use disorders, and for many other reasons, this plan will pay you benefits, giving you extra cash when you need it most. BONUS! The plan also pays $75 when you get preventive care and screenings.