Resources

As a Partner at Locke Lord, you have financial needs and responsibilities that differ from those of the Firm’s Associates and Staff. Therefore, the Firm offers you financial security benefits that are not available to other members of the Firm.

BASIC GROUP TERM LIFE & ACCIDENT INSURANCE (AD&D) – The Standard
As a Partner, you are required to purchase Basic Group Term Life and Accidental Death & Dismemberment Insurance for yourself.

  • The life insurance benefit helps provide financial protection by promising to pay a benefit in the event of your death to your beneficiary.  You must purchase a benefit of $1,000,000.
  • The Accidental Death & Dismemberment (AD&D) insurance may provide an additional amount in the event of a covered death or dismemberment as a result of an accident. You must purchase a benefit of $1,000,000.  You may also purchase voluntary supplemental AD&D coverage.  Please see the Voluntary AD&D page of the Benefits site for details.

The group basic term life and accidental death & dismemberment insurance coverage is portable, so even if you leave or retire from Locke Lord you can take your coverage with you.

COST
Partners pay the full cost of the Basic Group Term Life insurance and Accidental Death and Dismemberment (AD&D) insurance. Please see Workday for the specific cost of these insurances.

VOLUNTARY SUPPLEMENTAL GROUP VARIABLE UNIVERSAL LIFE – MetLife
You may also purchase voluntary supplemental life insurance up to $2,000,000

You will have to provide Evidence of Insurability if:

  • the amount of your current Voluntary Supplemental Group Variable Universal Life Insurance is more than $500,000
  • you previously declined Voluntary Supplemental Group Variable Universal Life Insurance

 

Partner Paid Life Insurance
  • $1,000,000
Voluntary Supplemental Group Variable Universal Life Insurance for you
  • Increments of $10,000 to a maximum of $2,000,000
  • Guaranteed Issue of $500,000 for new hires
  • Coverage continues on a direct bill basis at retirement or termination of employment at same rates as active employees.
Certain exclusions, limitations and restrictions may apply

 

If there is ever a question about this benefit, or if there is a conflict between the information in this summary and the formal language of the Plan documents, the formal wording in the Plan documents will govern. Please note the benefits described in this summary may be changed at any time and do not represent a contractual obligation on the part of Locke Lord LLP.