Page 18 - 2018 DAN Enrollment
P. 18
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 STD Schedule of Beneits Based on Length of Service
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 Years of Service Number of Weeks Covered
AD&D plan consists basic coverage provided at no cost to you and voluntary beneits you may elect if you income while you are out of work following a non- (includes elimination
wish to provide additional coverage. work related accident or illness. DAN offers a STD period)
plan at no cost to you. Those eligible will receive Less than 1 year 4 weeks
an STD beneit equal to 100% of their weekly
Basic Life And AD&D Insurance earnings and are eligible to receive this beneit 1 year but less than 2 8 weeks
Beneit Amount 2x annual salary to a max of $350,000, for up to 26 weeks based on length of service. 2 years but less than 3 12 weeks
Your STD beneit is offset by any state mandated
Supplemental Employee Life Insurance disability beneits received. See the STD schedule 3 years but less than 4 16 weeks
of Beneits chart for additional details. 4 years but less than 5 20 weeks
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
5 years or more 26 weeks
Beneit Increments $10,000 Long Term Disability
Long-Term Disability (LTD) protects your income by Long Term Disability Example
Guaranteed Issue Amount (GI) $250,000
providing you with a percentage of your income Option A— Option B—
Supplemental Spouse Life Insurance while you are disabled. DAN provides an LTD Company Paid Employee Paid
LTD
LTD
beneit at no cost to you. In the event of an illness
Beneit Amount Up to 100% of the employee election or $500,000, whichever is less or accident that requires a lengthy recovery, you Employee Salary $50,000; tax bracket: 25%
may be eligible to receive 60% of your monthly
Beneit Increments $10,000 Annual Premium $60 $60
salary up to a maximum of $20,000 per month. You
Guaranteed Issue Amount (GI) $50,000 are eligible to receive this beneit until you reach Employee
Social Security Normal Retirement Age. You have Contribution $0 $60
Supplemental Child Life Insurance the option of paying 100% of the LTD premium.
Beneit Amount $10,000 By paying the premiums yourself, any beneit Employer Cost $60 $0
you receive while disabled will not be considered Employee Considerations:
Supplemental AD&D – Employee, Spouse and Child taxable income.
Beneits taxable? Yes No
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Annual Net Beneit $22,500 $30,000
Beneit Increments $10,000
Additional Annual
Guarantee Issue Amount (GI) Full Amount Beneit Provided at $0 $7,500
Time of Disability
Spouse beneit is 50% of the employee election; Child beneit is 10% of employee election,
Limitations not to exceed $10,000
The Guaranteed Issue amount applies to newly eligible
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 2018 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 STD Schedule of Beneits Based on Length of Service
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 Years of Service Number of Weeks Covered
AD&D plan consists basic coverage provided at no cost to you and voluntary beneits you may elect if you income while you are out of work following a non- (includes elimination
wish to provide additional coverage. work related accident or illness. DAN offers a STD period)
plan at no cost to you. Those eligible will receive Less than 1 year 4 weeks
an STD beneit equal to 100% of their weekly
Basic Life And AD&D Insurance earnings and are eligible to receive this beneit 1 year but less than 2 8 weeks
Beneit Amount 2x annual salary to a max of $350,000, for up to 26 weeks based on length of service. 2 years but less than 3 12 weeks
Your STD beneit is offset by any state mandated
Supplemental Employee Life Insurance disability beneits received. See the STD schedule 3 years but less than 4 16 weeks
of Beneits chart for additional details. 4 years but less than 5 20 weeks
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
5 years or more 26 weeks
Beneit Increments $10,000 Long Term Disability
Long-Term Disability (LTD) protects your income by Long Term Disability Example
Guaranteed Issue Amount (GI) $250,000
providing you with a percentage of your income Option A— Option B—
Supplemental Spouse Life Insurance while you are disabled. DAN provides an LTD Company Paid Employee Paid
LTD
LTD
beneit at no cost to you. In the event of an illness
Beneit Amount Up to 100% of the employee election or $500,000, whichever is less or accident that requires a lengthy recovery, you Employee Salary $50,000; tax bracket: 25%
may be eligible to receive 60% of your monthly
Beneit Increments $10,000 Annual Premium $60 $60
salary up to a maximum of $20,000 per month. You
Guaranteed Issue Amount (GI) $50,000 are eligible to receive this beneit until you reach Employee
Social Security Normal Retirement Age. You have Contribution $0 $60
Supplemental Child Life Insurance the option of paying 100% of the LTD premium.
Beneit Amount $10,000 By paying the premiums yourself, any beneit Employer Cost $60 $0
you receive while disabled will not be considered Employee Considerations:
Supplemental AD&D – Employee, Spouse and Child taxable income.
Beneits taxable? Yes No
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Annual Net Beneit $22,500 $30,000
Beneit Increments $10,000
Additional Annual
Guarantee Issue Amount (GI) Full Amount Beneit Provided at $0 $7,500
Time of Disability
Spouse beneit is 50% of the employee election; Child beneit is 10% of employee election,
Limitations not to exceed $10,000
The Guaranteed Issue amount applies to newly eligible
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 2018 Benefits Enrollment Dentsu Aegis Network 19
