Life insurance, disability insurance

Life Insurance and Disability

While it’s impossible to guard against all of life's perils, having the right insurance coverage can bring you peace of mind. At SunTrust, we offer full-time and regular part-time employees a wide menu of insurance benefits designed to provide financial protection to you and your loved ones.

  • Life insurance
  • Long-term disability insurance
  • Access to long-term care insurance
  • Access to group universal life insurance

Basic life insurance at no additional cost

You and your family can rest easier knowing that SunTrust provides basic life insurance and accidental death and dismemberment coverage at no cost to you. Full-time employees receive life insurance coverage equal to 1.5 times their annual base pay. Regular part-time employees receive $10,000 of basic life insurance coverage.

Insuring your income when you’re not working

In the event that you suffer a long-term illness or injury and are no longer able to work, SunTrust’s employee disability insurance will cover 50 percent of your annual base salary. Full-time employees are eligible for disability insurance beginning the day after 6 months of service. If your disability insurance needs exceed this benefit, you can purchase additional coverage.

Access to long-term care policy

With the cost of assisted-living facilities, nursing homes and home-health services increasingly expensive, long-term care can quickly erode your savings. SunTrust will help you prepare for those potential costs with long-term care insurance. It’s available for full-time and part-time SunTrust employees interested in purchasing a policy for themselves or their eligible dependents.

When basic life insurance doesn't cover it

If your life insurance needs exceed the basic life insurance benefits provided by SunTrust, consider buying additional coverage. As a full-time or regular part-time employee, you can purchase optional group universal life insurance for yourself and eligible dependents at competitive group rates.

Disclaimers

SunTrust reserves the right to modify any or all components of the company's worklife and benefit plans at the sole discretion of management. Changes may occur with or without notice.

Securities, Investment and Insurance Products and Services:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

© 2014 SunTrust Banks, Inc.

Equal Housing SunTrust Bank is an Equal Housing Lender. Member FDIC.

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Services provided by the following affiliates of SunTrust Banks, Inc.: Banking and trust products, including investment advisory products and services, are provided by SunTrust Bank, member FDIC; securities, insurance (including annuities), and other investment products and services are provided by SunTrust Investment Services, Inc., an SEC registered broker/dealer and a member of the FINRA and SIPC, and a licensed insurance agency; investment advisory products and services are offered by SunTrust Investment Services, Inc. and Ridgeworth Capital Management, Inc.; mortgage products and services are provided by SunTrust Mortgage, Inc.

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"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., an SEC registered investment adviser and broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products, and other investment services.

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