Page 13 - TVS 2022 Benefits Guide
P. 13
2022 Benefits Guide
Basic Term Life/ Short Term
AD&D Disability (STD)
TVS SCS NA provides employees with a lat $50,000 Short term disability insurance is through Prudential.
basic life/accidental death and dismemberment If you meet the deinition of disability as determined
(AD&D) beneit at no cost. Age reductions do apply. by the insurance company, you will be eligible
TVS SCS NA also provides a spouse life beneit of to receive a beneit equal to 60% of your pre-
$2,000 and a dependent child(ren) life beneit of disability earnings, to a maximum of $1,000 per
$500 from birth to under 15 days and $1,000 from week for a speciied number of weeks depending
15 days to age 25. Please see Human Resources for on eligibility. Your STD beneits may be reduced
more information. by the amount of other income you receive for the
same disability. If your disability is the result of an
Voluntary Term injury that occurs while you are covered under the
plan, your elimination period—the length of time of
Life/AD&D continuous disability which must be satisied before
you are eligible to receive beneits—is 14 days. If
You have the opportunity to purchase optional you did not elect coverage when initially eligible,
term life insurance and optional AD&D through evidence of insurability (EOI) will be required before
Prudential for you, your spouse, and your children. coverage is approved.
If you waive this coverage when you are irst eligible
and decide to elect this coverage at a later date or if Long Term
you elect optional term life coverage for an amount
that exceeds $150,000, evidence of insurability (EOI) Disability (LTD)
will be required.
Long term disability insurance is through Prudential.
You will be eligible to receive a monthly LTD beneit
if you meet the deinition of disability. For employee
paid beneits, evidence of insurability (EOI) will be
required before coverage is approved if not elected
when initially eligible.
Note: Please see Human Resources for more detailed information.
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Basic Term Life/ Short Term
AD&D Disability (STD)
TVS SCS NA provides employees with a lat $50,000 Short term disability insurance is through Prudential.
basic life/accidental death and dismemberment If you meet the deinition of disability as determined
(AD&D) beneit at no cost. Age reductions do apply. by the insurance company, you will be eligible
TVS SCS NA also provides a spouse life beneit of to receive a beneit equal to 60% of your pre-
$2,000 and a dependent child(ren) life beneit of disability earnings, to a maximum of $1,000 per
$500 from birth to under 15 days and $1,000 from week for a speciied number of weeks depending
15 days to age 25. Please see Human Resources for on eligibility. Your STD beneits may be reduced
more information. by the amount of other income you receive for the
same disability. If your disability is the result of an
Voluntary Term injury that occurs while you are covered under the
plan, your elimination period—the length of time of
Life/AD&D continuous disability which must be satisied before
you are eligible to receive beneits—is 14 days. If
You have the opportunity to purchase optional you did not elect coverage when initially eligible,
term life insurance and optional AD&D through evidence of insurability (EOI) will be required before
Prudential for you, your spouse, and your children. coverage is approved.
If you waive this coverage when you are irst eligible
and decide to elect this coverage at a later date or if Long Term
you elect optional term life coverage for an amount
that exceeds $150,000, evidence of insurability (EOI) Disability (LTD)
will be required.
Long term disability insurance is through Prudential.
You will be eligible to receive a monthly LTD beneit
if you meet the deinition of disability. For employee
paid beneits, evidence of insurability (EOI) will be
required before coverage is approved if not elected
when initially eligible.
Note: Please see Human Resources for more detailed information.
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