Edward Jones offers life insurance and accidental death and dismemberment (AD&D) insurance to give you and your family peace of mind and income protection if something unexpected happens.
Basic Life Insurance
Edward Jones provides full-time associates with basic life insurance in the event of their death. The amount of coverage the firm provides—at no cost to you—is based on your role at the firm.
- Client support team and home office associates: two times your annual compensation (minimum: $50,000; maximum of $100,000)
- Financial advisors1 and principals: $100,000
Financial advisors1 with more than five years of service as an Edward Jones Financial Advisor will automatically be enrolled in additional firm paid life insurance (i.e., the Financial Advisor Survivor Benefit) equal to the lesser of $3.5 million or 75% of gross revenue. Gross revenue is calculated using your average of the prior three calendar years, dropping highest and lowest months. Financial advisors1 can waive this coverage but will not be able to enroll at a later date if they do so.
Receiving more than $50,000 in basic life insurance?
The IRS requires you to pay tax on the “imputed income” related to your basic life insurance benefit. How imputed income is calculated will depend on your role with the firm: