Nutanix Life and AD&D Special Enrollment starts January 23, 2023.

During this enrollment period, you can enroll for or increase your voluntary life insurance coverage by any increment up to the guaranteed issue amount of $500,000 without answering any health questions. Spouses can also enroll for up to $10,000 without health questions. The 2023 Special Enrollment deadline is 5:00 p.m. PT on January 31, 2023. Learn more.

To help protect the financial wellbeing of your loved ones, Nutanix provides basic life insurance and accidental death and dismemberment (AD&D) insurance—at no cost to you. You also have the opportunity to purchase additional coverage for yourself, your spouse or domestic partner, and your children.

Basic Life and AD&D Insurance | Voluntary Life and AD&D Insurance
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Is your beneficiary current?

It's important to designate a beneficiary to receive the benefit paid by a life insurance policy. As personal circumstances change, be sure to keep this information up to date. For instructions on how add or update your beneficiary, please click here.

Basic Life and AD&D Insurance

Nutanix provides coverage at no cost to you. Life insurance pays your beneficiary a set amount if you pass away. AD&D insurance pays a benefit if you’re dismembered or pass away in an accident and provides benefits should you lose your life, sight, hearing, speech, or use of your limb(s) due to an accident. AD&D benefits are paid as a percentage of your coverage amount—from 50% to 100%—depending on the type of loss.

Coverage for both Basic Life Insurance and Basic AD&D Insurance is automatic—you don’t need to enroll.

Plan Coverage
Basic Life Insurance 3 times your annual base pay, up to $1 million
Basic AD&D Insurance 3 times your annual base pay, up to $1 million

Note: Federal tax law requires Nutanix to report the cost of company-paid life insurance in excess of $50,000 as imputed income.

Imputed Income

Due to IRS tax regulations, if your company-paid life insurance coverage is over $50,000, any value of the benefit over $50,000 is added to your taxable income. This money is known as “imputed income” and is subject to federal and state income and payroll taxes.

You will see the unearned income value of the premium rate of your coverage added then removed from your pay slip in order to pay taxes from your pay slip on the benefit. The imputed income will be shown on your W-2.

Voluntary Life and AD&D Insurance

Purchasing additional financial protection above what the basic coverage Nutanix provides allows for peace of mind that you and your family are better protected. You can elect Voluntary Life and/or AD&D insurance for yourself and your family members up to a maximum amount. You pay the full premium cost of this coverage, which is provided through Prudential. You do not need to purchase voluntary life coverage for yourself in order to purchase it for your dependents. Voluntary life coverage is required to purchase AD&D coverage for yourself or family members.

Voluntary Employee Life and/or AD&D Voluntary Spouse Life and/or AD&D Voluntary Child Life and/or AD&D
Coverage amounts $10,000 increments, up to $1 million or 6 times your annual base pay (whichever is less) $5,000 increments, up to $100,000 or 100% of your own voluntary employee life insurance (whichever is less) $2,000 increments, up to $20,000 or 100% of your own voluntary employee life insurance (whichever is less)
Guarantee issue amounts for new hires Voluntary Life: $500,000
Voluntary AD&D: Doesn’t apply
Voluntary Life: $100,000
Voluntary AD&D: Doesn’t apply
Voluntary Life: Not required
Voluntary AD&D: Doesn’t apply
Enrollment Employee AD&D requires an enrollment in Employee Voluntary Life Insurance Spouse AD&D requires an enrollment in Spouse Voluntary Life Insurance Child AD&D requires an enrollment in Child Voluntary Life Insurance


Evidence of insurability*

If you elect voluntary life insurance when you’re first eligible, you only need to provide Evidence of Insurability (EOI) for coverage amounts above the guaranteed issue amounts.

New enrollments or increases in your or your spouse's or domestic partner's coverage after your new hire election will require EOI.

Coverage above the guaranteed issue amounts won’t be effective until the insurance company approves it in writing. After approval is received by Nutanix, your premiums will be adjusted and reflected in your paycheck.

*Doesn’t apply to voluntary AD&D coverage.