Life Insurance

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Last updated date: 9/28/2023

Protect your family’s financial security from life’s unexpected hurdles.


To help protect the financial well-being of your loved ones, Carlisle provides basic life insurance, accidental death and dismemberment (AD&D) insurance, and business travel accident insurance for employees — at no cost to you. You also have the opportunity to purchase supplemental coverage.

2024 life and AD&D insurance plans

Basic life and AD&D insurance

Carlisle provides company-paid employee life insurance coverage of a specific amount that lasts throughout your employment.

Supplemental life and AD&D insurance

If you want additional coverage, you can buy supplemental life and AD&D insurance for yourself and your family.

Be sure to name a beneficiary

Designate a beneficiary (and keep it up-to-date) in order to receive the benefit paid by a life insurance policy. Visit the MyADP website to add or change a beneficiary.

Basic Life and AD&D Insurance

Carlisle provides basic life and AD&D insurance to assist you and your family in the event of a death or dismemberment. These benefits are fully paid by the company and coverage is automatic — you do not need to enroll.

Benefits are equal to:

  • Basic life insurance: 2x your base annual earnings rounded to the next higher $1,000 (not to exceed $1,000,000).
  • Basic AD&D insurance: Provided as part of basic life coverage.

What is AD&D insurance?

If you lose your life, sight, hearing, speech, or use of your limb(s) in an accident, AD&D insurance provides additional benefits to help keep your family financially secure. AD&D benefits are paid as a percentage of your coverage amount — from 50% to 100% — depending on the type of loss.

How company-paid life insurance is taxed

The IRS requires you to pay taxes on the value of any company-paid life insurance coverage over $50,000. This is called imputed income; you’ll notice it on your pay statements and your W-2.

Supplemental Life and AD&D Insurance

For more financial protection beyond Carlisle’s basic coverage, you can buy supplemental life and AD&D insurance for yourself and your family members. You can enroll on the MyADP website as a new hire, during Open Enrollment, or if you have a qualifying life event. You pay the full cost of this coverage, which is provided through Prudential. You must purchase coverage for yourself in order to purchase it for your dependents.

Supplemental life and AD&D insurance options

Who are you covering: Life and AD&D insurance Evidence of insurability
You Up to 8 times your annual base salary up to a maximum of $1,000,000. Required for amounts over 5x your base annual salary or more than $750,000 during initial enrollment or for any amounts requested after initial enrollment.
You and your spouse Available in increments of $10,000, $25,000, or $50,000. Required if coverage is requested after initial enrollment period.
You and your children Flat $10,000 None

Evidence of insurability

Supplemental life insurance for you and your spouse over a certain benefit amount may require evidence of insurability (EOI), or proof of good health. You will receive more information after electing coverage if EOI is required.

Business Travel Accident Insurance

When traveling on behalf of the company, you are protected under a company-paid business travel accident insurance policy. This policy through AIG provides coverage for certain injuries or death resulting from an accident during business travel.

You are covered for five times your annual base salary, up to a maximum benefit of $250,000 and a maximum of $1,250,000. An aggregate limit payable of $6,250,000 per aircraft accident is also included.

Covered Losses

The table below shows losses that are covered under the accident plan and the corresponding benefit amount shown as a percentage of the covered person’s principal amount. These benefit amounts will be paid only if:

  • Your death occurs within 365 days from the date of the accident.
  • Your injury results in one or more covered losses listed below within 365 days from the date of the accident. Injury means a bodily injury that is solely caused by external, violent and accidental means and is independent of any other cause.
Covered Losses BTA
Life / Both Hands, Both Feet, Sight of Both Eyes or Combo of Any Two / Quadriplegia 100%*
Paraplegia 75%*
One Hand, One Foot or Sight in One Eye / Speech or Hearing in both Ears, Hemiplegia 50%*
Thumb and Index Finger of Same Hand / Uniplegia 25%*

*Percentage of Principal Amount of Coverage