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, Accidental Death and Dismemberment (AD&D) and Business Travel Accident coverage at no cost to you. You also have the option to purchase Voluntary Life Insurance for yourself and dependents for additional protection.

Life insurance takes effect on your first day of employment. The life insurance options listed below work together to provide coverage for you and your eligible dependents.

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.***

Voluntary Life Insurance

You have the option to purchase additional life insurance for yourself and dependents.

	Benefit Amount	Maximum	Guaranteed Issue Amount
Employee*	One to five times annual base salary (rounded to nearest $1,000)	$1 million	Lesser of four times salary or $400,000
Spouse*	Units of $10,000	$500,000	$50,000
Child(ren)**	Units of $5,000	$20,000/$500 if under six months of age	All amounts

*Coverage amount is reduced by 35% once the employee reaches age 65. This applies to (Basic Life, AD&D, Voluntary Life and Voluntary AD&D for employee and covered spouse).

**Unmarried child(ren) under the age 26 are eligible for coverage.

An individual may only be insured once under Voluntary Life or AD&D coverage as an Employee, Spouse, or Dependent Child. For example, if both you and your spouse work at CF, you cannot cover each other under spousal life insurance. Likewise, only one parent can cover your dependent children, not both.

Voluntary AD&D Insurance

You may also purchase Voluntary AD&D Insurance for yourself and dependents to provide you with additional coverage. Evidence of Insurability is not required for Voluntary AD&D:

	Benefit Amount	Maximum
Employee	Units of $50,000	Units of $50,000 to a maximum of $500,000, however, benefit amounts in excess of $300,000 are limited to 10 times the employee’s compensation.
Spouse*	Units of $50,000	$500,000
Child(ren)**	Units of $5,000	$20,000

**Unmarried children under the age of 26 are eligible for coverage.

Additional Resources

Evidence of Insurability (EOI) for Voluntary Life Insurance

For new hires, the guaranteed issue amount for voluntary employee life insurance is the lesser of four times your annual base salary or $400,000. Any amount exceeding $400,000 requires evidence of insurability (EOI). Voluntary spousal coverage elected as a new hire or within 30 days of marriage will require EOI for amounts above $50,000.

All other coverage amounts added or increased during annual enrollment or as part of a life event are subject to EOI.

Your elected life coverage amount will take effect upon approval by the insurance carrier.

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	% of Benefit Amount
65 but less than 70	65%
70 but less than 75	45%
75 but less than 80	30%
80 or over	20%

***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.