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SunLife Voluntary Life & AD&D

Ambarella offers additional term life insurance available at low group rates. Premiums are 100% employee paid and are automatically deducted from your paycheck. In order to purchase life insurance for your spouse or children, you MUST purchase voluntary life insurance for yourself.

Below you will see how much you can elect for these plans.

SunLife

Best Friends

Voluntary Life

Employee: $10,000 to $500,000 (maximum of 5x salary)

  • Guarantee Issue Amount for Employee: $150,000


Spouse: increments of $5,000 to $500,000

  • Guarantee Issue Amount for Employee’s Spouse: $25,000

  • Spouse coverage cannot exceed 100% of the coverage amount you purchase for yourself


Child: (from birth to age 26): increments of $2,000 to $10,000

  • Guarantee Issue Amount for Employee’s Child(ren): $10,000


Please note that any amounts over the Guarantee Issue for Voluntary Life require Evidence of Insurability (EOI) within 30 days from the date of election. 

Additionally, Evidence of Insurability will be required for everyone looking to enroll in Voluntary Life for the first time if you did not elect when you were a new hire. 

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When selecting the Evidence of Insurability you may register online or complete the EOI form listed below. 

Voluntary AD&D

Employee: $10,000 to $500,000 (maximum of 5x salary)

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Spouse: increments of $5,000 to $500,000

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Child: (from birth to age 26): increments of $2,000 to $10,000

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Voluntary AD&D is a separate election and the Voluntary Life and Voluntary AD&D amounts can be different. 

Additionally, please note that Voluntary AD&D is NOT subject to Evidence of Insurability, and all amounts will be guarantee issue. 

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