Life Insurance

Be prepared for the unexpected. Protect yourself and your family financially through life insurance coverage with Prudential.

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Designating Beneficiaries

Make sure your benefits go where you want them. Designating and updating your beneficiaries ensures your benefits are paid to your intended loved ones. It also makes it easier for them to access the money by avoiding legal delays. To designate or change your beneficiaries, go to MyIngramBenefits.com any time during the year.

Basic Coverage

Ingram provides Basic coverage at no cost to you. Basic coverage is in the amount of 2x your annual salary up to $500,000 maximum. Coverage amount reduces by 50% at age 70.

Supplemental Coverage

For You

  • You can purchase 1x to 5x your annual salary.
  • Some amounts require proof of good health.
  • Maximum: $750,000

For Your Spouse or Domestic Partner

  • Spouse or domestic partner life insurance will end when you reach age 74.
  • Premiums are paid on an after-tax basis.
  • Purchase in increments of $10,000, up to the maximum of 50% of your own life insurance coverage (Basic plus Supplemental) or $100,000, whichever is less.
  • Amounts over $30,000 require proof of good health.

For Your Child

  • Purchase $10,000 per child in life insurance coverage for children between age 14 days and 26 years old, as long as your child is not a full-time Ingram associate.
  • From 14 days to six months, the benefit is $500; after six months, the benefit increases to the full $10,000.
  • You pay the same rate regardless of the number of children you are covering.

Note: If you and your spouse or domestic partner are both benefit-eligible associates, only one of you can cover a dependent child.

Proof of Good Health

Certain life insurance coverage amounts require you to provide proof of good health or Evidence of Insurability (EOI). This is a form that you (or your spouse or domestic partner) and your doctor(s) may need to complete that summarizes your current health status.

EOI is required for the following changes:

  • As a new hire, Supplemental life higher than $750,000, or a spouse or domestic partner life insurance higher than $30,000
  • During any life event

Until the insurance company approves your request, you receive the maximum coverage allowed without proof of good health.

Life Insurance and Taxes

If your Ingram life insurance coverage (Basic and Supplemental combined) is greater than $50,000, the IRS requires that the "value" of coverage over $50,000 be considered taxable pay. The value is calculated according to an IRS table and will appear on the W-2 that the company prepares for you at the end of the year.