BNY Mellon Benefits Guide
Dependent Coverage
Spouse/Qualified Domestic Partner Life Insurance
This benefit provides life insurance coverage for your spouse or qualified domestic partner. You are automatically the beneficiary for this coverage. You pay for this coverage with after-tax dollars.
You may choose from the following three options:
  • No Coverage
  • $25,000
  • $50,000
Child Life Insurance
This benefit provides life insurance coverage for one or more of your dependent children. If you elect this benefit, it covers all of your eligible dependent children*—you cannot elect separate coverage for each child. You are automatically the beneficiary for this coverage. You pay for this coverage with after-tax dollars.
You may choose from the following three options:
  • No Coverage
  • $10,000
  • $15,000
* Eligibility: Your children up to age 26, regardless of full-time student status, residency, financial support, marital status or access to other employer-sponsored coverage. No person can be insured as a dependent of more than one employee under the Policy.