The takeaway

Okta provides basic life insurance protection for your family at no cost to you. You also have the option to purchase additional coverage if you and your family need it. Group rates are competitive, and you can pay through convenient payroll deductions.

Basic life insurance and AD&D insurance cost you nothing

Basic life insurance

Accidental death and dismemberment insurance (AD&D)

Purchase additional voluntary life/AD&D insurance

Additional coverage for yourself

Coverage for your family

The federal government requires that the cost of employer-paid life insurance coverage over $50,000 be taxed as imputed income and reported on your W-2.

Keep your beneficiaries up to date

You can name anyone as your beneficiary to receive your life and AD&D insurance benefits in case of your death. And you can change your beneficiaries as often as you wish.

Go to the Workday app on your Okta Dashboard to review and make changes to your life insurance beneficiary information.