Life Insurance
ABX Air provides full-time employees a 100% company paid life insurance policy equal to 1 1/2 times your annual base salary rounded up to the next $1,000. The benefit is insured by The Hartford. The maximum benefit is $350,000 ($225,000 for flight crew members).
The Life Insurance benefit will pay your beneficiary if you should die for any reason while insured under the program. There are no exclusions.
Under current tax law, the value of your benefit for amounts exceeding $50,000 is considered taxable income to you. This amount will be included on your paycheck and your W-2 as an income under the heading of Group Term Life. Appropriate taxes are then withheld. For more information click on Group Term Life Income.
More information about death benefits while flying
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