Life and AD&D
Protection for you and those who depend on you.

Lincoln Financial
- (888) 787-2129
- www.mylincolnportal.com
Company code: PETCO
Group #: 40-444824
Basic life and accidental death & dismemberment (AD&D) Direct Link
Petco provides company-paid life and AD&D coverage to benefit-eligible salaried and hourly partners. Under most circumstances, life insurance pays benefits upon your death. Accidental death & dismemberment (AD&D) coverage pays benefits if your death is the result of a covered accident or if you lose a limb due to a covered accident. Your beneficiary may receive both the life and AD&D benefit. Basic life and AD&D will decrease to 65% of the original coverage amount at age 65 and 50% of the original coverage amount at age 70.
Coverage (Company Paid) | Coverage Amount |
---|---|
Officers | 3X annual earnings, max $1,000,000 |
Salaried Partners & Directors | 1X annual earnings, max $500,000 |
Hourly Partners | $25,000 |
Voluntary life insurance (salaried partners) Direct Link
Salaried partners can purchase voluntary life to increase their own coverage or add coverage for their spouse/domestic partner or eligible children*. Voluntary life for partners and spouses/domestic partners will decrease to 65% of the original coverage amount at age 65 and 50% of the original coverage amount at age 70.
Coverage (Partner Paid) | Coverage Amount | Maximum | Guaranteed Issue (if enrolling when first eligible) |
---|---|---|---|
Voluntary Employee Life | |||
Officers | 1X to 5X annual earnings | $1,000,000 | Lesser of 3X annual earnings or $750,000 |
Salaried Partners & Directors | 1X to 5X annual earnings | $750,000 | Lesser of 3X annual earnings or $750,000 |
Voluntary Spouse/Domestic Partner Life | |||
You must elect voluntary employee life in order to elect coverage for your spouse/domestic partner | $10,000 to $250,000 | Lesser of $250,000 or 100% of your voluntary employee life amount | $30,000 |
Voluntary Child Life* | |||
You must elect voluntary employee life in order to elect coverage for your child(ren) | $5,000, $10,000, $15,000 or $20,000 | $20,000 | $20,000 |
* For voluntary child life, children are eligible up to age 19, or age 26 if a full-time student.
Evidence of Insurability (EOI) Direct Link
If you elect supplemental life coverage over the guaranteed issue amount, evidence of insurability (EOI) is required to add or increase coverage. An EOI is an application process in which you provide information on the condition of your health or your dependent’s health to get certain types of insurance coverage.
Voluntary AD&D insurance (salaried partners) Direct Link
Salaried partners may also purchase voluntary AD&D for themselves and their families. If your death is the result of a covered accident, your beneficiaries receive the full amount of your voluntary AD&D Insurance. If you are seriously injured in a covered accident, all or part of your voluntary AD&D benefit is paid to you. The amount payable depends on the nature of the injury. If you select an option that includes coverage for your family, coverage for family members is a percentage of your coverage.
Coverage (Partner Paid) | Coverage Amount |
---|---|
Partner coverage | $10,000 to $500,000 in $10,000 increments |
Family Members | |
Spouse/domestic partner only | 50% of your coverage amount |
Child(ren)* | 15% of your coverage amount |
Spouse/domestic partner and child(ren)* | Spouse/domestic partner: 40% of your coverage amount Child(ren): 10% of your coverage amount |
* For family coverage under voluntary AD&D, children are eligible up to age 19, or age 26 if a full-time student.
Voluntary Life and AD&D (Hourly Partners) Direct Link

Voya
- (800) 955-7736
- presents.voya.com/EBRC/PETCO
Group Number: 731382
Benefit eligible hourly partners can purchase voluntary life and accidental death & dismemberment insurance coverage. With Group Term Life Insurance, beneficiaries will receive a benefit payment if you or a covered person pass away during the “term” (your employer’s benefit year)*. Supplemental Accidental Death & Dismemberment insurance is also included, which provides the insured person or their beneficiary a payment separate from the life insurance benefit if the insured person dies or is severely injured in a covered accident.
When enrolling, you’ll have the opportunity to choose the following amounts:
Coverage Amount | Guaranteed Issue Limit | |
---|---|---|
For You | $10,000 to a maximum of $150,000 in $10,000 increments | $150,000 |
Not sure how much you need? Try the Life Insurance Calculator at go.voya.com/lifecalc to learn more.
*Refer to Voluntary Life & ADD policy for statute of limitations. If partners are on LOA before the term plan year and do not return to work they will not be eligible for payout.