Life and AD&D Insurance
Life and Accidental Death & Dismemberment (AD&D) insurance helps protect your loved ones financially if you pass away or experience a serious injury. These benefits can help cover final expenses, pay off debts like credit cards or mortgages, or provide additional financial stability during a difficult time. Even if you’re single, naming a beneficiary ensures someone you care about receives the support. Coverage includes Basic Life and AD&D at no cost to you, with the option to purchase additional Voluntary Life and AD&D insurance for yourself and your family at group rates.
Basic Life and AD&D
Basic Life insurance – You receive Basic Life insurance coverage at no cost to you, and you do not need to enroll in any other health and protection program. Basic Life insures you for 2 times your basic annual earnings, up to a maximum of $400,000.
Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).
Imputed Income: Under current tax laws, imputed income is the value of your Basic Life insurance that exceeds $50,000 and is subject to federal income, Social Security and state income taxes, if applicable. This imputed income amount will be included in your paycheck and shown on your W-2 statement.
Concierge Life
For employees interested in purchasing individual/additional life insurance, QuinStreet offers Concierge Life, a comprehensive resource for education and advice in life insurance planning. All employees, regardless of benefits eligibility status, are eligible to engage Concierge Life. Concierge Life provides access to consultants and life insurance providers to help you determine the appropriate level of coverage to protect yourself and your family. Once you have determined the amount of life insurance you would like to purchase, Concierge Life will assist you with obtaining the best coverage at the lowest premium. Life insurance coverage purchased through Concierge Life is an individual policy and will continue beyond your employment with QuinStreet (as long as you continue to pay the premiums). This resource is available to all employees and their family members. To get help from Concierge Life, contact Brian Maguire at 888-466-4446 or email brian.maguire@summitalliance.net and indicate you are a QuinStreet employee.