Life and Accident Insurance Banner

Basic Life and Accident Insurance

To give you and your family protection and extra peace of mind, Caterpillar provides you with the following coverage, at no cost to you.*

*If you’re a tobacco user, you’ll be required to pay some of the premium.

Coverage Amount

Management, Support and Non-Bargained Hourly Employees

Basic Life Banner

UAW and Mapleton Employees

Basic Life Banner_UAW and Mapleton

South Milwaukee and Denison Employees

Basic Life Banner_South Milwaukee and Denison
Imputed Income

The IRS requires that you pay taxes on the premium — called imputed income — that Caterpillar pays on your behalf for life insurance in excess of $50,000. The taxes you pay are based on tables established by the IRS and are small for most employees. This ensures benefits won’t be taxable if paid out to a beneficiary. If your coverage amount exceeds $50,000, you’ll see an “Imputed Income” line item on your paystub — you’ll pay taxes on the amount shown.

Additional Life & Accident Coverage

Caterpillar offers you these additional life and accident insurance options:


Be sure to name your beneficiaries for life and AD&D insurance when you enroll in your benefits. You can make changes to your beneficiary elections at any time through MetLife at MetLife.com/mybenefits or by calling 1-888-228-1811.