Page 18 - 2019 DAN
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Life and Accidental Death and Disability Benefits
Dismemberment (AD&D)
Our life and accident insurance plans provide inancial protection in the event of the death of a covered Short Term Disability
person or upon certain other losses suffered as the result of an accident. Our company paid Life and Short-Term Disability (STD) replaces your weekly income while you are out of work
AD&D plan consists basic coverage provided at no cost to you and voluntary beneits you may elect if you following a non-work related accident or illness. DAN offers a STD plan at no cost to you.
wish to provide additional coverage. Those eligible will receive an STD beneit equal to 100% of their weekly earnings and are
eligible to receive this beneit for up to 26 weeks. Your STD beneit is offset by any state
mandated disability beneits received.
Basic Life And AD&D Insurance
Beneit Amount 2x annual salary to a max of $1,500,000 Long Term Disability
Long-Term Disability (LTD) protects your income by providing you with a percentage of
Supplemental Employee Life Insurance your income while you are disabled. DAN provides an LTD beneit at no cost to you. In
Beneit Amount Up to 5 times salary or a maximum of $1,000,000 the event of an illness or accident that requires a lengthy recovery, you may be eligible
to receive 60% of your monthly salary up to a maximum of $20,000 per month. You are
Beneit Increments $10,000 eligible to receive this beneit until you reach Social Security Normal Retirement Age.
You have the option of paying 100% of the LTD premium. By paying the premiums
Guaranteed Issue Amount (GI) $250,000
yourself, any beneit you receive while disabled will not be considered taxable income.
Supplemental Spouse Life Insurance
Beneit Amount Up to 100% of the employee election or $500,000, whichever is less
Beneit Increments $10,000 Long Term Disability Example
Option A— Option B—
Guaranteed Issue Amount (GI) $50,000 Company Paid LTD Employee Paid LTD
Supplemental Child Life Insurance Employee Salary $50,000; tax bracket: 25%
Beneit Amount $10,000 Annual Premium $60 $60
Supplemental AD&D – Employee, Spouse and Child Employee $0 $60
Contribution
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Employer Cost $60 $0
Beneit Increments $10,000
Employee Considerations:
Guarantee Issue Amount (GI) Full Amount Beneits taxable? Yes No
Spouse beneit is 50% of the employee election; Child beneit is 10% of employee election,
Limitations not to exceed $10,000 Annual Net Beneit $22,500 $30,000
Additional Annual Beneit Provid-
The Guaranteed Issue (GI) amount applies to newly eligible ed at Time of Disability $0 $7,500
individuals. Limited elections are sometimes made available You must name a beneiciary(ies)
during annual enrollment, but are not guaranteed after your initial for any life or AD&D coverage.
eligibility window as a new hire. All coverage amounts over the GI You are the beneiciary on any spousal
amount will always be subject to proof of good health (EOI). or dependent coverage you elect.
18 2019 Benefits Enrollment Dentsu Aegis Network 19
Dismemberment (AD&D)
Our life and accident insurance plans provide inancial protection in the event of the death of a covered Short Term Disability
person or upon certain other losses suffered as the result of an accident. Our company paid Life and Short-Term Disability (STD) replaces your weekly income while you are out of work
AD&D plan consists basic coverage provided at no cost to you and voluntary beneits you may elect if you following a non-work related accident or illness. DAN offers a STD plan at no cost to you.
wish to provide additional coverage. Those eligible will receive an STD beneit equal to 100% of their weekly earnings and are
eligible to receive this beneit for up to 26 weeks. Your STD beneit is offset by any state
mandated disability beneits received.
Basic Life And AD&D Insurance
Beneit Amount 2x annual salary to a max of $1,500,000 Long Term Disability
Long-Term Disability (LTD) protects your income by providing you with a percentage of
Supplemental Employee Life Insurance your income while you are disabled. DAN provides an LTD beneit at no cost to you. In
Beneit Amount Up to 5 times salary or a maximum of $1,000,000 the event of an illness or accident that requires a lengthy recovery, you may be eligible
to receive 60% of your monthly salary up to a maximum of $20,000 per month. You are
Beneit Increments $10,000 eligible to receive this beneit until you reach Social Security Normal Retirement Age.
You have the option of paying 100% of the LTD premium. By paying the premiums
Guaranteed Issue Amount (GI) $250,000
yourself, any beneit you receive while disabled will not be considered taxable income.
Supplemental Spouse Life Insurance
Beneit Amount Up to 100% of the employee election or $500,000, whichever is less
Beneit Increments $10,000 Long Term Disability Example
Option A— Option B—
Guaranteed Issue Amount (GI) $50,000 Company Paid LTD Employee Paid LTD
Supplemental Child Life Insurance Employee Salary $50,000; tax bracket: 25%
Beneit Amount $10,000 Annual Premium $60 $60
Supplemental AD&D – Employee, Spouse and Child Employee $0 $60
Contribution
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Employer Cost $60 $0
Beneit Increments $10,000
Employee Considerations:
Guarantee Issue Amount (GI) Full Amount Beneits taxable? Yes No
Spouse beneit is 50% of the employee election; Child beneit is 10% of employee election,
Limitations not to exceed $10,000 Annual Net Beneit $22,500 $30,000
Additional Annual Beneit Provid-
The Guaranteed Issue (GI) amount applies to newly eligible ed at Time of Disability $0 $7,500
individuals. Limited elections are sometimes made available You must name a beneiciary(ies)
during annual enrollment, but are not guaranteed after your initial for any life or AD&D coverage.
eligibility window as a new hire. All coverage amounts over the GI You are the beneiciary on any spousal
amount will always be subject to proof of good health (EOI). or dependent coverage you elect.
18 2019 Benefits Enrollment Dentsu Aegis Network 19
