For IBMers who want more life insurance coverage, in addition to IBM-provided Group Life Insurance (GLI), new hires1 may enroll in term life insurance for themselves up to the lesser of 3 times annual base pay or $750,000, without having to complete a medical review.2 New hires can also enroll their spouse/Domestic Partner in term life insurance, up to $50,000, without a medical review.2 This special opportunity is only available if enrollment occurs within the new hire enrollment window.
New hires may also enroll themselves in the 50% or 66 2/3% Long-Term Disability (LTD) insurance plan without having to complete a medical review.2 This special opportunity is only available if enrollment occurs within the new hire enrollment window.
You also can enroll in the 401(k) Disability Protection Plan (DPP) during an IBM annual enrollment period. This plan protects your 401(k) contributions when you’re unable to work due to disability. This benefit does not require a medical review to enroll.
Lastly, new hires may also enroll themselves and their dependents in either the IBM Dental Basic or IBM Dental Plus options.
Each of these benefits are offered at competitive group rates. Convenient payroll deductions are available for Dental, Life Insurance and LTD.