LIFE AND DISABILITY
- Basic Life Insurance — PIMCO provides coverage of 2x eligible compensation, up to $500,000.
- Supplemental Life — You can purchase additional coverage from 1x to 4x eligible compensation, up to a maximum of $2M.
- Spouse Life — You can purchase coverage from $25,000 to $250,000 (not to exceed 100% of your combined Basic and Supplemental Life coverage).
- Child Life — You can purchase $5,000 or $10,000 per child.
- Accidental Death & Dismemberment (AD&D) — You can enroll yourself in coverage amounts between $50,000 and $500,000 (amount cannot exceed 10x your eligible compensation).
If you purchase AD&D coverage for yourself, you can elect spouse coverage in amounts between $50,000 and $500,000 and child coverage between $5,000 and $25,000 (cannot exceed 100% of your coverage).
- Short-Term Disability — PIMCO provides benefits to employees residing in a location without adequate state-mandated disability benefits. The benefit will vary based on your residence.
- Basic Long-Term Disability — PIMCO provides coverage that replaces 60% of your eligible monthly compensation (up to $5,000 per month).
- Optional Buy-Up Long-Term Disability — You can purchase additional coverage to increase the amount of income replaced from 60% to 66 2/3% (up to $20,000 per month).
- Long-Term Care (LTC)* — PIMCO provides basic coverage to help you pay for necessary care due to extended or chronic illness, disability or cognitive impairment.
* Starting 2/1/2026: UNUM will only maintain coverage for employees already enrolled. This plan will no longer be offered to anyone hired after 1/31/2026.
