Life Insurance
Protect your loved ones from the unexpected with life insurance.
Your life insurance coverage begins on your first day of employment. The options listed below are designed to work together to provide comprehensive protection.
Basic Life, AD&D and Business Travel Accident (BTA) Insurance
CF Industries automatically provides you with this coverage which takes effect on your first day of employment. The Basic Life and AD&D coverage is equal to one time your annual base salary (rounded up to the next $1,000)*. The Company also provides Business Travel Accident Insurance coverage equal to two times your base salary if you die or are seriously injured while traveling for work.***
| Benefit Amount | Cost | |
|---|---|---|
| Basic Life | 2 times annual base salary up to $500,000* | No cost to employee |
| Basic Accidental Death & Dismemberment (AD&D)*** | 2 times annual base salary up to $750,000* | No cost to employee |
***Coverage ends when you retire or reach age 70, whichever occurs first.
Voluntary Life Insurance**
You have the option to purchase additional life insurance for yourself and dependents:
| Benefit Amount | Maximum | Cost | |
|---|---|---|---|
| Employee*** | Units of $25,000 | $500,000 | Based on age and smoking status |
| Spouse*** | Units of $25,000 | $500,000 | Based on age and smoking status |
| Child(ren)*** | Units of $10,000 | $40,000 | $2.50 per $10,000 of coverage |
***Coverage ends when you retire or reach age 70, whichever occurs first.
Voluntary AD&D Insurance (Employee Plan and Family Plan)
You may also purchase Voluntary AD&D Insurance for yourself and dependents to provide you additional coverage:
| Benefit Amount | Maximum | Cost | |
|---|---|---|---|
| Employee Plan | |||
| Employee*** | Units of $10,000 | Combined $500,000 | $0.20 per $10,000 of coverage |
| Family Plan | |||
| Spouse Only*** | 60% of employee amount | N/A | $0.30 per $10,000 of coverage |
| Spouse and child(ren)*** | Spouse > 50% of employee amount Child(ren) > 15% of employee amount |
N/A | $0.30 per $10,000 of coverage |
| Child(ren) Only*** | 20% of employee amount | N/A | $0.30 per $10,000 of coverage |
Business Travel Accident***
Business Travel Accident Insurance coverage amounts are subject to age-based reductions. Your BTA coverage will decrease according to the percentages listed in the chart below.
| Age |
|
|---|---|
| 65 but less than 70 |
|
| 70 but less than 75 |
|
| 75 but less than 80 |
|
| 80 or over |
***Coverage under the Business Travel Accident Policy does not include travel to countries considered to be a War Risk. This includes Afghanistan, Belarus, Egypt, Gaza, Iraq, Israel, Lebanon, Palestine, Pakistan, Russia, Sudan, Somalia, Syria, Ukraine, and the West Bank.