Life Insurance
Protect your loved ones from the unexpected with life insurance.
CF Industries offers life insurance coverage designed to provide financial protection for you and your loved ones. CF Industries provides Basic Life and Basic Accidental Death and Dismemberment (AD&D) coverage at no cost to you. You also have the option to purchase Voluntary Life Insurance for yourself and dependents for additional protection, as well as Voluntary AD&D for yourself or your family.
Life insurance takes effect on your first day of employment. The life insurance options listed below work together to provide coverage.
Basic Life and Basic AD&D Coverage
CF Industries automatically provides you with this coverage which takes effect on your first day of employment. The Basic Life and Basic AD&D coverage is equal to two times your annual base salary, up to $500,000 for Basic Life and $750,000 for Basic AD&D.
| 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 amount is reduced to $25,000 once employee reaches age 70. This applies only to Basic Life and Basic AD&D Coverage.
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 |
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 |