Basic Life and Accidental Death and Dismemberment Insurance

If you are eligible, Toys“R”Us automatically provides Basic Life and Accidental Death and Dismemberment (AD&D) Insurance equal to one times your annual pay, up to a $1,000,000 maximum.

Basic Life $50,000 Option

For the Company-paid basic life insurance benefit, if your salary is more than $50,000, the value of the excess amount over $50,000 is considered “imputed income.” Although the benefit is company-paid, imputed income taxes are applied in your paycheck on the amount that’s in excess of $50,000. 

You have the option of capping your basic life insurance at $50,000 to avoid paying imputed income taxes. You can make your election to cap your basic life upon initial enrollment or during Annual Enrollment only.

If you elect to cap your basic benefit, you must provide Evidence of Insurability (EOI) if you decide to increase your basic life insurance to one times pay in the future. 

Business Travel Accident Insurance

The Company automatically provides Business Travel Accident (BTA) Insurance, based on your employment classification.  For more information, please refer to the BTA policy on the "R"intranet Risk Management page.

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