It’s important to plan for your family’s financial security in case the unexpected happens. That’s why Fanatics provides basic life and accidental death and dismemberment (AD&D) insurance for employees — at no cost to you. You also have the opportunity to purchase voluntary life insurance to provide additional coverage for yourself, as well as coverage for your spouse and dependents. In addition, Fanatics provides you with the protection of company-paid business travel accident insurance.
Who’s eligible?
All full-time regular US employees* are eligible for the Fanatics Life Insurance Program. As a newly hired benefits-eligible employee, you may enroll in voluntary life insurance. You may also enroll or change your voluntary elections during our annual open enrollment period or within 31 days of a life event.
*Benefits described in this site may not be available to employees covered under a collective bargaining agreement. If you have questions related to your collective bargaining agreement, please contact your HR Business Partner.
Fanatics offers you company-paid basic life and AD&D insurance to assist you and your family in the event of a death or dismemberment. This coverage is available at no cost to you: you are automatically covered with no need to enroll. Regardless of whether you plan to enroll in other benefits, we recommend you designate a beneficiary during the enrollment process.
Benefits are equal to:
- One time your base salary, up to a maximum of $500,000
What is AD&D insurance?
Should you lose your life, sight, hearing, speech, or use of your limb(s) in an accident, AD&D insurance provides additional benefits to help keep your family financially secure. AD&D benefits are paid as a percentage of your coverage amount — from 50% to 100% — depending on the type of loss.
You can purchase supplemental life and AD&D insurance for yourself in increments of $10,000 up five times your base salary, to a maximum of $500,000. Keep in mind that certain coverage levels may require evidence of insurability.
Evidence of insurability
Life insurance over a certain amount may require evidence of insurability (EOI). After electing coverage, you will receive more information if EOI is required.
If you elect supplemental life insurance for yourself, you may also purchase life and AD&D insurance for your spouse in increments of $5,000, up to a maximum of 100% of your coverage or $250,000.
If you elect supplemental life insurance for yourself, you can cover your dependent children with either $5,000 or $10,000 of life insurance.
Be sure to name a beneficiary!
It’s important to designate a beneficiary to receive the benefit paid by a life insurance policy. As you enroll via your Fanatics Okta page using the "Manage My Benefits" tile, you will be required to provide beneficiary information, even if you only accept basic life insurance without adding supplemental, spouse, or dependent life insurance. Only the beneficiary’s name, relationship to you, and the amount of the life insurance benefit to be allocated to that beneficiary is required to complete your enrollment.
When traveling on business outside your country or residence or permanent assignment, be assured you are protected under a company-paid business travel accident insurance policy should an accident occur. This policy pays a benefit of up to $200,000 in the event of accidental death or dismemberment. The policy also provides coverage for emergency medical treatment, prescription drugs, dental emergencies, and emergency evacuation when adequate facilities are not locally available.
Who’s eligible?
All Fanatics employees who travel on business outside their country of residence are automatically covered under Business Travel Accident Insurance at no cost to them.
To use this benefit when you travel on business outside your country of residence, go to the Cigna Envoy website and select “I am an international business traveler” from the “I am a customer box.” Then log in by inserting the User ID 07953AMBA and the password Cigna1.