Life Insurance

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.

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.

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

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