Nemours offers a basic term life and accidental death & dismemberment (AD&D) benefit of one times your base annual salary to a maximum of $500,000. Term life insurance does not accrue a cash value and terminates when you leave employment. This benefit reduces by 50% at age 70. This benefit is Nemours-paid for all full-time and part-time benefits-eligible associates. Note that the IRS requires Nemours to tax you on the value of this benefit that exceeds $50,000.