(Sorry for the morbid thought) This is often an overlooked aspect of benefits/insurance. What are the Death “benefits” your company provides if you were to die while being employed? E.g.: All RSUs vest, 3x base lump-sum, job to kin etc. Write your company name and answer. Thanks 🙏 @Slack: 4x Base [2x Base (Natural death)+ 2x Base (Accident rider)] @Salesforce: 5x Base [2.5x Base(from Insurance for natural death) + 0.5x Base (from SF) + 2x Base (Accident rider)] Not sure about the immediate RSU vest. Would be happy if someone can confirm.
When I die… Does it even matter what happens later 😟
I think most companies provide life insurance. You can designate a beneficiary.
I think RSU up to $2M, 6xsalary and 50% salary for 10 years
That's great. Amazon will never do this.
Yes because they kill so many engineers themselves
I think 2x your annual salary as life insurance but the insurance premium is taxable so I decline it because I don’t see the point in paying a thousand every year just in case i happen to die before retirement.
No kids I’m guessing. If I had no kids I would do same :)
If you need to pay for it, it’s not benefit. Modest companies pay for it without any tax burden.
Here at New, they promise not to serve your corpse for lunch. I never saw it in writing though.
I usually pay into the life insurance so it can pay out more. Always have that 'Death of a Salesman' trump card.
Fair and important topic. Maybe you should open a separate Q&A. 👍
You can add beneficiary to every account. They will initiate the process once your ssn is shown as deceased.