Page 16 - Dealer Tire 2022 Benefits Guide
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Life and Disability Insurance
Life and disability insurance is provided through What is Statement of Health
MetLife.
(SOH)?
Basic Life and Accidental If SOH is required, this means you must provide certain
information about your health in order for the insurance
Death and Dismemberment company to review your information and approve you for
(AD&D) coverage.
The company automatically provides you a beneit If you are newly eligible and have not previously waived
of one times your annual salary (up to $300,000), coverage, you can elect up to the guaranteed issue amount
without submitting SOH. You may be required to submit
at no cost to you, for life insurance and accidental SOH if you have previously waived this coverage or if you
death and dismemberment insurance. elect above the guaranteed issue amount.
Supplemental Life- EE Only*
Associate Voluntary Life and (per $1,000 of Covered Volume)
AD&D Insurance All Active Full-Time Associates**
Less than 30 $0.062
You are eligible to purchase additional life insurance 30-34 $0.080
in increments of $25,000 to a maximum of $175,000. 35-39 $0.090
40-44 $0.106
Spouse and Dependent 45-49 $0.151
$0.230
50-54
Voluntary Life Insurance 55-59 $0.434
■ Spouse: $12,500 increments to a maximum 60-64 $0.665
65-69
$1.285
of $50,000, not to exceed 50% of associate’s 70+ $2.083
optional life beneit Supplemental Dependent Life*
■ Child birth to limiting age: $2,000 increments to (per $1,000 of Covered Volume)
All Active Full-Time Associates and Spouse**
a maximum of $10,000; child limiting age: 26 Less than 30 $0.062
30-34 $0.080
35-39 $0.090
40-44 $0.106
45-49 $0.151
50-54 $0.230
55-59 $0.434
Associates and dependents who are enrolled in a 60-64 $0.665
Grandfathered Voluntary Life plan are not eligible for an 65-69 $1.285
additional Voluntary Life Plan. Associates enrolled in a 70+ $2.083
Grandfathered Plan are unable to make a change to that plan Child $0.135
with the exception of discontinuing the plan.
Age reduction*: The employer is responsible for making sure that
the ofer of insurance to its associates under the program described
complies, if applicable, with the Age Discrimination in Employment Act
of 1967, as amended, (“ADEA”), and the regulations thereunder. The
employer should seek the advice of counsel as to whether ADEA applies
to the program and, if so, whether it is in compliance with ADEA and
other applicable laws. MetLife is required to comply with insurance age
discrimination laws where applicable.
* The rates listed above are monthly.
** All reductions are applied to the original beneit amount.
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Life and disability insurance is provided through What is Statement of Health
MetLife.
(SOH)?
Basic Life and Accidental If SOH is required, this means you must provide certain
information about your health in order for the insurance
Death and Dismemberment company to review your information and approve you for
(AD&D) coverage.
The company automatically provides you a beneit If you are newly eligible and have not previously waived
of one times your annual salary (up to $300,000), coverage, you can elect up to the guaranteed issue amount
without submitting SOH. You may be required to submit
at no cost to you, for life insurance and accidental SOH if you have previously waived this coverage or if you
death and dismemberment insurance. elect above the guaranteed issue amount.
Supplemental Life- EE Only*
Associate Voluntary Life and (per $1,000 of Covered Volume)
AD&D Insurance All Active Full-Time Associates**
Less than 30 $0.062
You are eligible to purchase additional life insurance 30-34 $0.080
in increments of $25,000 to a maximum of $175,000. 35-39 $0.090
40-44 $0.106
Spouse and Dependent 45-49 $0.151
$0.230
50-54
Voluntary Life Insurance 55-59 $0.434
■ Spouse: $12,500 increments to a maximum 60-64 $0.665
65-69
$1.285
of $50,000, not to exceed 50% of associate’s 70+ $2.083
optional life beneit Supplemental Dependent Life*
■ Child birth to limiting age: $2,000 increments to (per $1,000 of Covered Volume)
All Active Full-Time Associates and Spouse**
a maximum of $10,000; child limiting age: 26 Less than 30 $0.062
30-34 $0.080
35-39 $0.090
40-44 $0.106
45-49 $0.151
50-54 $0.230
55-59 $0.434
Associates and dependents who are enrolled in a 60-64 $0.665
Grandfathered Voluntary Life plan are not eligible for an 65-69 $1.285
additional Voluntary Life Plan. Associates enrolled in a 70+ $2.083
Grandfathered Plan are unable to make a change to that plan Child $0.135
with the exception of discontinuing the plan.
Age reduction*: The employer is responsible for making sure that
the ofer of insurance to its associates under the program described
complies, if applicable, with the Age Discrimination in Employment Act
of 1967, as amended, (“ADEA”), and the regulations thereunder. The
employer should seek the advice of counsel as to whether ADEA applies
to the program and, if so, whether it is in compliance with ADEA and
other applicable laws. MetLife is required to comply with insurance age
discrimination laws where applicable.
* The rates listed above are monthly.
** All reductions are applied to the original beneit amount.
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