Life & Accident Insurance

Page Header

Last updated date: 4/26/2024


It’s important to plan for your family’s financial security in case the unexpected happens. That’s why Sonos provides employees with company-paid life and accident insurance — at no cost to you.

You also have the option of purchasing an additional optional life and/or optional accident insurance plan for yourself and your family through easy payroll deductions. Paycheck deductions will be available during the enrollment process in Workday.

In addition, you have the protection of company-paid business travel accident insurance.

Company-Paid Life & AD&D

Sonos provides company-paid life and accident insurance coverage to assist you and your family in the event of an unexpected death or serious accidental injury. These benefits are fully paid by the company. Note: Company-paid coverage is automatic; you do not need to enroll.

Basic term life insurance coverage that is greater than $50,000 is considered “imputed income” according to IRS guidelines. This is taxable income you receive in the form of benefits rather than cash. You will see the additional imputed income on your paycheck and on your Form W-2 for life insurance amounts over $50,000.

Administered by Lincoln Financial
Life Benefit Amount 1 x salary to a maximum of $500,000
Accident Benefit Amount 1 x salary to a maximum of $500,000
Benefit Reduction Schedule
  • Life benefit amount: Reduces to 66% at age 65, then reduces to 33% at age 70
  • Accident benefit amount: Reduces to 66% at age 70, then reduces to 33% at age 75


Be sure to keep your life and accident beneficiary information current. You are always the beneficiary for any dependent coverage. Go to Workday to confirm or update your beneficiaries.

Optional Life and AD&D

You can purchase additional life and accident insurance for yourself, as well as coverage for your spouse/domestic partner and/or your child(ren). You pay the full cost of any optional life insurance and/or optional accident insurance coverage. You must purchase coverage for yourself in order to purchase it for your dependents. If you want coverage, you must enroll on Workday.

Optional Life

Administered by Lincoln Financial
Employee Life Amount $10,000 increments up to the lesser of 5 x salary or $500,000
Spouse / Domestic Partner Benefit Increments of $5,000 to $250,000 (cannot exceed 50% of employee amount)
Child Benefit 6 months to 26 years: $10,000
Guaranteed Issue Amount (no health questions asked, applies to initial eligibility and open enrollment only) Employee: $300,000  
Spouse/Domestic Partner: $50,000
Child: All amounts are guaranteed issue
Benefit Reduction Schedule Benefit reduces to 66% at age 70, then reduces to 33% at age 75
Monthly Cost (Per $1,000 of Coverage)
Age Employee Rate Spouse/Domestic Partner Rate Age Employee Rate Spouse/Domestic Partner Rate
Child $0.182 N/A 45–49 $0.242 $0.234
<20 $0.045 $0.026 50–54 $0.463 $0.442
20–24 $0.066 $0.052 55–59 $0.881 $0.858
25–29 $0.066 $0.052 60–64 $1.302 $1.248
30–34 $0.089 $0.078 65–69 $2.141 $2.132
35–39 $0.110 $0.104 70–74 $3.972 N/A
40–44 $0.155 $0.156 75+ $13.351 N/A
Note: Spouse’s cost is based on spouse’s age.

Sample Optional Life Calculation

Here is an example about how to calculate the monthly cost for optional life coverage:

  • A 30-year-old employee wants to buy $100,000 in optional coverage
  • Multiply 100 x $0.089 to determine the monthly cost of $8.90

Medical Underwriting

If you elect optional life insurance for yourself or a spouse that's greater than the guaranteed amount as a new hire, during Open Enrollment, or after a qualifying life event, your election will be subject to medical underwriting. Medical underwriting also applies if you increase your previously approved coverage.

If required, you'll receive a notification from Workday with a link to complete the Evidence of Insurability (EOI) form directly through Lincoln Financial. Be sure to submit this form before the specified deadline:

  • If enrolling during Open Enrollment: By December 31
  • If enrolling as a new hire or following a qualifying life event: Within 60 days of enrollment

Until medical underwriting is approved, optional life insurance elections will be limited to the guaranteed issue amounts.

Optional Accidental Death & Dismemberment

The Optional Accidental Death & Dismemberment (AD&D) Insurance Plan provides a benefit if you or a covered family member die or suffer a significant physical loss as a result of an accident. You may elect Optional AD&D only or in addition to Optional Life, and are able to cover yourself and eligible family members.

Administered by Lincoln Financial 
Employee Accident Amount $10,000 increments up to $500,000
Benefit Reduction Schedule Benefit reduces to 66% at age 70, then reduces to 33% at age 75
Spouse Accident Amount 50% of voluntary employee accident coverage, up to $250,000
Child Accident Amount 50% of voluntary employee accident coverage for each dependent child to age 26, up to $10,000
Monthly Cost (per $1,000 of coverage)
  • Employee only: $0.026
  • Family: $0.037

Business Travel Accident

When traveling on Sonos business, be assured you are protected under a company-paid business travel accident (BTA) insurance policy through CHUBB. This policy provides coverage for certain injuries or death resulting from an accident during business travel. Coverage is automatic — you do not need to enroll, and there is no cost to you as a Sonos employee.

In the case of death, BTA insurance pays a benefit to your beneficiary. A benefit may also be payable if you are disabled as a result of an accident. Additional benefits through BTA insurance include home and vehicle modification, coma coverage, international assistance services, emergency medical evacuation, and more. For more information, visit CHUBB or call 800.336.0627. Call 302.476.6194 when traveling outside the United States.

Contact people-help@sonos.com if you need to file a claim.