It is not pleasant to consider, but everyone should be prepared for worst-case scenarios. Accidental Death and Dismemberment (AD&D) Insurance gives you one more way to protect your finances when you need them most.
Available through New York Life, AD&D pays a benefit if you lose your life or are injured in an accident. These benefits are paid in addition to Life Insurance benefits.
Transocean provides you with Company-paid Basic AD&D coverage. You can supplement this coverage with additional Voluntary AD&D or Family AD&D coverage.
Basic AD&D Insurance
Transocean pays 100% of your Basic AD&D Insurance benefit. Your benefit is equal to two times your annual base salary, rounded up to the next $1,000, up to a maximum of $750,000.
The amount of your coverage reduces to 65% at age 65 and to 50% at age 70.
Voluntary AD&D Insurance
You can buy additional AD&D Insurance for you and your family. You can choose between one and five times your annual base salary.
Who is your beneficiary?
Make sure your loved ones are protected. Be sure to keep your beneficiary information up-to-date and accurate. You can do this as part of the online enrollment process.
