Medtronic offers both Accidental Death and Dismemberment (AD&D) and Business Travel Accident Insurance as additional forms of financial protection:
Accidental Death and Dismemberment (AD&D): With AD&D, you can purchase employee only or family coverage options from $100,000 to $500,000.
Business Travel Accident: You also have Business Travel Accident insurance as a company-provided benefit that pays a benefit of 6X ABBR up to $1.5 million in the event you die accidentally while traveling on business.
Good to Know
Annual Benefits Base Rate (ABBR) = base salary as of January 1 plus a 3-year average of variable pay (i.e., commissions, Medtronic Incentive Plan (MIP), etc.).