Life and accident insurance gives you financial protection by paying a benefit in the event that you have an accident or pass away.
Basic Life Insurance
PetSmart gives all eligible associates a basic level of life insurance equal to one times annual base salary. You pay nothing for this coverage.
Additional Life Insurance
Each year at Annual Enrollment you can increase your supplemental life insurance by one level up to a cap of $1,000,000.
|Coverage level||Salon Leaders||Is evidence of good health required?|
|1x annual base salary1||$40,000||No|
|2x annual base salary1||$80,000||No|
|3x annual base salary1||$120,000||No|
|4x annual base salary1||$160,000||Yes, an evidence of insurability form will be sent to the home address. If approved, additional coverage will be effective on the approval date.2|
|5x annual base salary1||$200,000||Yes, an evidence of insurability form will be sent to the home address. If approved, additional coverage will be effective on the approval date.2|
1The maximum amount of life insurance for you, including the company-paid basic level of life insurance and any additional coverage you elect and pay for, is $1 million.
2The amount of coverage in force until the evidence of insurability form is approved is 3x annual base salary, up to the plan maximum of $1 million for basic life plus any additional life insurance coverage.
Dependent Life Insurance
You can choose to purchase life insurance (at group rates) for your eligible dependents.
Who qualifies as a dependent child? Your unmarried child if he or she meets the following requirements:
1. A child from live birth but less than 19 years old;
2. A child who is 19 or more years old but less than 26 years old and primarily supported by you;
3. A child who is 19 or more years old, primarily supported by you and incapable of self-sustaining employment by reason of mental or physical handicap.
Proof of the child’s condition and dependence must be submitted to us within 31 days after the date the child ceases to qualify as a Dependent for the reasons listed above. During the next two years, we may, from time to time, require proof of the continuation of such condition and dependence. After that, we may require proof no more than once a year.
The term “child” means a child born to or legally adopted by you. It includes a child during any waiting period prior to the finalization of the child’s adoption. It also means a stepchild, including a Domestic Partner’s child, living with and financially dependent upon you. The term “child” means for whom you are court-appointed legal guardian and who resides with and is financially dependent upon you.
|Coverage options||Level of coverage|
|Spouse||$5,000 or $10,000|
|$2,500 or $5,000 for each child|
||$100 for each child|
|Family||$5,000 for your spouse and $2,500 for each child ($100 if birth to 6 months old) or $10,000 for your spouse and $5,000 for each child ($100 if birth to 6 months old)|
Accidental Death and Dismemberment (AD&D)
AD&D coverage gives you extra insurance protection in case of certain injuries or death. AD&D coverage is optional. If you want AD&D coverage, you’ll need to choose the same amount as your total life insurance.
Life Insurance plans are available to full-time associates only.
Upon your death, the proceeds will be divided between the designated beneficiaries as you have indicated. If your primary beneficiary dies before you, your contingent beneficiary will receive your life insurance benefits.
You should name a beneficiary for your insurance plan(s) when you are first eligible for full-time benefits and, unless legally restricted, you can also change your beneficiary at any time. Annual Enrollment is a good time to review your named beneficiary.
It is important to review your current beneficiary when you experience a life event such as marriage, divorce or the birth of a child to ensure your selection is up to date with your current situation.
After your enrollment period has closed, you can complete a Beneficiary Change Form found here and submit it to the Benefits department for processing.
What happens when I leave PetSmart? Company Paid Basic Life Insurance and Supplemental Life Insurance
Participation in the Company Paid Basic Life Insurance and Supplemental Life Insurance coverage will end on your last day of employment.
- You will receive a letter instructing you to call a toll-free number to request applications if you are interested in pursuing the continuation options available to you. If you wish to convert this coverage to an individual policy, you must complete the application form that will be mailed by Cigna to your address on file with PetSmart.
- Please be aware of the timeframe to complete and return it to Cigna as it is a time sensitive document. By calling Cigna for applications, you will be able to request a quote of the cost of insurance over the phone.
Participation in Accidental Death and Dismemberment coverage will end on your last day of employment. There is no conversion policy available.