In addition to your company-provided basic life and accidental death and dismemberment coverage, BP’s Group Universal Life (GUL) Insurance Program offers you the opportunity to elect additional life insurance for yourself, your spouse/domestic partner and your eligible children. This option gives you flexibility as you plan for your family’s future financial needs.
The GUL Program is insured and administered by MetLife and:
Provides life insurance coverage at group rates; and
Gives you the chance to build cash value through the program’s Cash Accumulation Fund.
If you enroll in GUL coverage, and if you die while covered, the GUL benefit will be paid in addition to any benefit paid under the Basic Life/AD&D Insurance Plan and/or the Occupational Accidental Death (OAD) Plan.