Edward Jones | Income protection

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.

Don’t forget to designate a beneficiary!

Naming your beneficiary is extremely important to the people you care about most and ensure your wishes will be met. You can elect people, a trust or estate, charities, and religious organizations as your beneficiary.

Name or change your beneficiary any time:

Elect a person or multiple people (must be on Edward Jones network)
Elect a trust, estate, charity, or religious organization

Note: You are automatically the beneficiary for spouse or child life insurance.

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:

Client support team and home office associates example Financial advisors¹ example

Supplemental Life Insurance

In addition to firm provided Basic Life Insurance, you can elect additional coverage for yourself and your eligible dependents.

For client support team members and home office associates: Up to the lesser of 10 times your annual earnings or $2 million
For financial advisors¹ and principals: Up to $2 million
For your spouse/domestic partner: $10,000, $25,000, $50,000 or $100,000
For your dependent child(ren): $5,000, $10,000 or $25,000

You may be required to complete a Statement of Health questionnaire if you:

Elect more than $700,000 in coverage for yourself
Elect more than $25,000 in coverage for your spouse/domestic partner
Buy coverage after you’re first eligible or increase your coverage by more than one level during Open Enrollment.

It takes about 10 minutes to complete. Based on your responses, your request will either be approved or you may be asked to provide additional information. You will never need to answer questions for coverage for dependent children.

Want to increase your coverage?

You can increase your supplemental life insurance coverage during the annual Open Enrollment period by one level without having to complete the Statement of Health.

Basic AD&D

Edward Jones provides full-time associates with basic AD&D insurance if they are severely injured or die as a result of an accident. 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, with a minimum of $50,000, and a maximum of $100,000
Financial advisors¹ and principals: $100,000

Supplemental AD&D Insurance

In addition to firm provided Basic Life Insurance, you can elect more coverage for yourself and your eligible dependents.

For you: Up to $1 million*
For your family: A percentage of your associate benefit amount (see Summary Plan Description for details)

*For client support team and home office associates, amounts over $300,000 may not exceed 10 times annual earnings.

^{1 Financial advisor reference incorporates financial advisor, service partner, and joint venture service partner roles.}

Income protection benefits