Life & Disability Insurance
Life and Disability insurance can bring financial peace of mind that you will be able to provide for your loved ones if you should pass away or experience an injury or illness.
Basic Life / AD&D Insurance
We are proud to offer Basic Life/AD&D Insurance. Life insurance can help bring you peace of mind that you will be able to provide for your loved ones if you should pass away. These life insurance benefits also include an Accidental Death & Dismemberment (AD&D) component, which pays benefits if you lose your sight, limbs, hearing, speech or life as a result of an accident. All active, full-time employees are to be provided with 1 time your annual base salary, up to $100,000, in Basic Life/AD&D insurance. Coverage reduces to 65% at age 65 and to 50% at age 70. This benefit is paid 100% by the company.
The Hartford Group Term Life Insurance
The Hartford Group Term Life Insurance
Group Term Life helps provide financial protection in the event that something were to happen to you. Term life is a simple and inexpensive form of life insurance, which builds no cash value. Benefits are available to those working at least 20 hours per week. Rates change with age and coverage reduces to 65% at age 65 and to 50% at age 70. Changes take effect on the October 1st following your birthday.
Employees may purchase coverage on their own life in $10,000 increments up to a maximum of $250,000 (not to exceed 5x your salary). The guarantee issue (GI) amount is $150,000.
Employees may also purchase coverage for their spouse in increments of $5,000 to a maximum of $100,000 (not to exceed 50% of the employee’s election). The guarantee issue (GI) amount is $30,000 and premiums are based on the employee’s age.
Child life insurance is available in $5,000 or $10,000 (not to exceed 50% of the employee’s election).
When you first become eligible, you can elect to purchase Voluntary Life Insurance coverage for yourself and your family up to the GI amounts. Any elections made above the GI amounts will require you to submit Evidence of Insurability (EOI). Employees who wish to enroll in a future year may be required to submit EOI, depending on the coverage amount selected.
Inditex partners with The Hartford to provide benefits that help you protect your paycheck and your family. You have the option to enroll in these policies online during your initial enrollment period.
Company-Paid Short-Term Disability (ZSD)
Full-Time employees working a minimum of 40 hours per week are eligible for our ZSD plan. If approved, you will receive your full salary up to $1,000 per week for a duration of 26 weeks or sooner, if approved to return to work. The ZSD plan will coordinate with any applicable state mandated leaves. For questions regarding the above or for more information about the ZSD plan, please contact the Inditex Benefits Team at benefits@us.inditex.com.
The Company also provides 16 weeks of 100% parental leave for all new parents, if employed for 24 consecutive months.
The Hartford Short-Term Disability
The Hartford Short-Term Disability
Full-Time employees working a minimum of 40 hours per week may choose to purchase additional Short-Term Disability coverage above the company paid plan. The Buy-Up STD plan covers up to 26 weeks following a 7-day waiting period for accident and sickness. Weekly benefits are 60% of compensation with a higher limit of $2,500 per week. Benefits are offset by the ZSD plan. This additional coverage is paid by the employee on a post-tax basis and will vary depending on age. Pre-existing limitations apply.
Part-Time Employees working a minimum of 20 hours per week may purchase Voluntary Short-Term Disability (STD) coverage. Benefits are payable up to 26 weeks following a 7-day waiting period for accident and sickness. Weekly benefits are 60% of compensation up to $750 per week. This coverage is paid by the employee on a post-tax basis and will vary based on age. Pre-existing limitations apply.
Employees who waive coverage when first eligible but wish to enroll in a future year are required to submit EOI.
The Hartford Long-Term Disability Insurance
The Hartford Long-Term Disability Insurance
The Hartford Voluntary Long-Term Disability (LTD) coverage replaces a portion of your pay to help you meet your income needs while you’re out of work. You’re paid whether you become sick or are hurt on or off the job. Employees working a minimum of 20 hours per week may purchase LTD coverage.
The plan covers 60% of your salary to a maximum of $12,000 per month. Benefits begin at 180 days after disability and end at recovery or 5 years. This benefit is paid 100% by employees on a post-tax basis and will vary depending on age. Pre-existing condition limitations apply.
You’ll receive benefit payments each month that can help you keep up with your bills. You can also spend the money on food, child care and other necessities.
If you choose not to enroll in our Voluntary LTD plan during your new hire enrollment period but wish to enroll in the future, Evidence of Insurability will be required in order to enroll in coverage.
Health & Wellness
Voluntary Benefits