Financial Security

Peace of mind comes from knowing that you’re prepared for the future to the best of your ability.

That’s why Asurion offers tax-advantaged accounts for healthcare (along with a matching contribution) and dependent daycare, as well as a 401(k) retirement savings account for employees. Take the time to plan for the financial security of yourself and your loved ones using these tools and resources.

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You are valuable! Because we truly believe this, we provide Basic Life and AD&D coverage to all employees who work 30+ hours per week, and we offer a buy-up option for more protection.

Basic Life and AD&D Insurance

Eligible employees are automatically enrolled for Basic Life and Accidental Death and Dismemberment insurance. The amount you or your beneficiary would receive is equal to one times your base salary, rounded to the nearest $1,000, with a maximum of $200,000. Asurion pays the full cost for this benefit.

Please note: Life insurance above $50,000 is taxed by the federal government. The value of the premiums as determined by the IRS is reported as imputed income.

Supplemental

You may supplement company-provided Basic Life and AD&D insurance with additional protection.

Supplemental Life

Supplemental AD&D

This coverage pays your beneficiaries beyond the Basic coverage provided by Asurion in the event of your untimely death.

This policy pays your beneficiaries a cash benefit in the event of a fatal accident, or to you if you suffer an unexpected event that causes loss of hearing, speech or a limb.

Employee

  • 1 to 10x your base annual salary
  • Max is $2.5 million1
  • 1 to 10x your base annual salary
  • Max is $2.5 million

Spouse

  • Max coverage is $250,0001

With child AD&D coverage

  • 50% of employee amount
  • Max $250,000

Without child AD&D coverage

  • 60% of employee amount
  • Max $250,000

Child (per child)

  • You can elect up to $20,000

With spouse AD&D coverage

  • 10% of employee amount
  • Max $25,000

Without spouse AD&D coverage

  • 15% of employee amount
  • Max $25,000
1Certain amounts will require you and/or your spouse to answer questions regarding your health history.

How much insurance do you need?

The names “Accident“, “Critical Illness” and “Hospital Indemnity Insurance” make most people think these optional coverages round out your medical insurance plan. Actually, these three provide a cash payment should you or a covered dependent suffer a condition as defined by the plans. Click the links above to learn more.

Short-term and long-term disability insurance replaces a portion of your income while you are recovering from an illness or injury.

Asurion provides core STD and LTD automatically to eligible employees. You have the option to purchase additional disability protection during your benefits enrollment as a new hire, or during Annual Enrollment. If you have five years of service, you are automatically enrolled in the STD and LTD Buy-up options at no cost to you.

Short-term Disability (% of base pay)

Basic STD

50%, up to $5,000 per week

STD Buy-up

70%, up to $7,000 per week

Long-term Disability (% of base pay)

Basic Ltd

50%, up to $20,000 per week

Ltd Buy-up

66-2/3%, up to $20,000 per week

If you’re on the Asurion network, click here to learn more.

Save for retirement and get a company match through the Asurion 401(k) savings plan.

You can contribute pre-tax dollars to a traditional pre-tax 401(k) or an after-tax Roth up to IRS limits.

As a new hire, you’re automatically enrolled at 3% of your pay once you’ve met the eligibility requirements. After your first year of service, Asurion will match 100% for the first 3% of your contribution and 50% on the next 2%.

You can make changes to your contributions anytime and you’re always 100% vested in your contributions and company match contributions.

Visit the plan’s website or call 800.547.7754 to:

  • Opt out of automatic enrollment
  • Designate a beneficiary
  • Change your deferral percentage or investment elections
  • Make changes to your contributions
  • Review retirement plan statements
  • Request loans/hardship withdrawal

Because planning for retirement requires an individualized approach, Asurion has engaged financial planners to help guide you toward the saving and investing approach that’s uniquely right for you. Take advantage of one-on-one virtual meetings with a retirement expert and helpful online resources at no cost to you.

Want to learn more about financial topics that are of interest to you?
Go to principal.com/Milestones.

Sign up for a virtual one-on-one meeting.
Visit principal.com/Virtual1on1 to get started.

Asurion has partnered with Alliant Credit Union to offer you the perks of an online credit union membership.

Benefits include:

  • $5 joining fee and we’ll pay it for you
  • High-rate savings with no monthly fees
  • High-rate checking
  • Teen checking programs
  • Low-rate loans
  • Access to 80,000+ fee-free ATMs
  • Award-winning mobile app
  • Compatibility with Apple Pay, Google Pay and Samsung Pay

Learn more and enroll by visiting AlliantCreditUnion.com/Asurion or call 800.328.1935.

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