Life and Accident Insurance Plans
Life and Accident Insurance Plans
Throughout this section, unless otherwise stated, reference to "Company" or "PG&E" means Pacific Gas and Electric Company. For plans sponsored by PG&E Corporation, reference to "Company" or "PG&E" means PG&E Corporation. The plans and benefits described in this section are also applicable to employees of designated subsidiaries and affiliates, but only to the extent that such entities are participating employers with respect to the described plans or programs and such employees meet the eligibility requirements of the plans or programs.
To help you provide financial security for your loved ones in the event of your death or serious injury, the Company offers:
- $10,000 of Company-paid basic term life insurance coverage, through the Group Life Insurance Plan;
- The option to purchase additional, supplemental term life insurance coverage for you, your spouse or registered domestic partner and your children or the children of your registered domestic partner, through the Group Life Insurance Plan;
- $10,000 or $250,000 of Company-paid basic accidental death and dismemberment (AD&D) insurance, depending on your job level;
- The option to purchase additional, voluntary AD&D insurance coverage for you, your spouse or registered domestic partner, and your children or the children of your registered domestic partner; and
- Business Travel Accident insurance coverage.
Additionally, you may be eligible for continued life insurance coverage when you retire.
Cost of Coverage
The Company pays the full cost for $10,000 of Group Life Insurance Plan coverage, as well as for $10,000 or $250,000 (depending on your job level) of Accidental Death and Dismemberment (AD&D) Insurance coverage — this is your basic coverage. If you want to enroll for additional, supplemental Life and/or Voluntary AD&D Insurance coverage, you pay for that coverage with convenient after-tax salary deductions.
In addition to the cost for your basic life and basic AD&D insurance coverage, the Company currently pays the full cost of premiums for the following:
Claims Administrators and Insurers
- Metropolitan Life Insurance Company (MetLife) is both the Claims Administrator and the insurer of the life insurance and accidental death and dismemberment benefits.
- Life Insurance Company of North America (LINA) is both the Claims Administrator and the insurer of the business travel accident benefit.
In addition to the information in this section, there is also important information about your benefits in other parts of this Handbook. Be sure to review the About this Handbook section, the Benefits at a Glance section, the What If… section, and the Rules, Regulations & Administrative Information section.
The plan document for The Pacific Gas and Electric Company Group Life Insurance Plans, the terms of this Summary of Benefits Handbook which pertain to the Group Life Insurance Plans, the documents which are Summaries of Material Modifications to the Group Life Insurance Plans, and the applicable life insurance policies govern the operation of the Group Life Insurance Plans and comprise the Plan document. If a conflict exists between these plan documents and any other communications or documents, the plan documents shall govern the operation of the Group Life Insurance Plans.
The Employee Benefit Committee of PG&E Corporation is the Plan Administrator of the Group Life Insurance Plans and has the discretionary authority to interpret and construe the terms of the plan documents, to resolve any conflicts or discrepancies between documents and to establish rules which are necessary or desirable for the administration of the Plans. Notwithstanding the foregoing, the insurer has the authority to construe and interpret the terms of the life and accident insurance policies, the certificate of insurance or other similar documents which describe the terms and conditions of the life and accident insurance policies. Nothing in the plan documents or any other communication or document is intended to provide any individual with a substantive right to life and accident insurance benefits that is not provided for in the life and accident insurance policies.