Basic Life and AD&D

You automatically receive basic life and AD&D insurance in the amount shown below. Coverage decreases to 65% of the original amount between ages 65 and 69, 45% between ages 70 and 74, 30% between ages 75 and 79, and 20% at ages 80 and older.

Imputed Income

Imputed income is the IRS term for the value of any benefit or service that should be considered income for the purposes of calculating federal and state taxes. Under current IRS provisions, imputed income applies to the value of Company-paid basic life insurance greater than $50,000. To avoid imputed income that may apply to basic life insurance, you can choose basic life insurance of $50,000 when you enroll in your benefits if 2X your annual base salary is greater than $50,000.

Imputed income may also apply to benefit coverage provided for a domestic partner and/or children of a domestic partner who are not tax dependents. Read more here.

Choose Your Beneficiaries

It’s important to designate beneficiaries to ensure your life insurance benefits go to the people or charitable organization you want if something were to happen to you. Sign in to myACI Benefits self-service to review or update your beneficiaries. From the Me page, click on the Benefits tile.

The process of adding beneficiaries is different depending on whether you are adding or updating beneficiary information during an enrollment event (such as during new hire enrollment or an annual Open Enrollment event) or you are adding or updating beneficiary information outside of an enrollment event. Review the myACI Benefits Online Enrollment Guide for more information.

Value-Added Resources from The Hartford

Your basic life and AD&D coverage includes free access to several life-essential resource for you and your loved ones.

Business Travel Accident Insurance and Travel Assist Services

If you are an active, full-time associate, you are eligible for Business Travel Accident (BTA) insurance and Travel Assist Services paid by Albertsons.