MMC Benefits Handbook
The following definitions apply when calculating benefits based on your salary:
- Salary for the purpose of the Plan is your annual base salary (excluding overtime, bonuses, commissions, and other extra compensation).
If my salary changes, what happens to my life insurance benefit?
If you are a Marsh & McLennan Companies employee and your salary changes, your Basic Life Insurance benefit amount will be adjusted on the date of your salary change, provided you are Actively-At-Work.
Evidence of Insurability is not required for an increase in coverage resulting from a salary change.