Page 20 - Brady Corporation 2021 Annual Benefits Connecticut
P. 20
2021
Life and Disability Insurance
Life and disability insurance is provided through Prudential Insurance Company
Basic Life Insurance Short Term Disability (STD)
At no cost to you, Brady provides basic term life The company provides short term disability (STD)
insurance equal to 1.25 times your annual iscal year insurance to help provide inancial security until you
earnings to a guaranteed amount of coverage up to get back on your feet and return to work. The plan
$400,000. pays you 100% of your eligible earnings for the irst
six weeks and 60% for up to an additional 20 weeks.
Employee Voluntary Life Although coverage for an accident or hospitalization
Insurance will begin immediately, there is a seven calender day
waiting period for illnesses, during which you have
You are eligible to purchase additional life insurance the option to take unpaid or use any combination
in increments of $25,000 up to a maximum beneit of your paid time of. New hires are eligible for the
of $700,000. Amounts of coverage over $300,000 are beneit after 90 days of employment. For more
subject to proof of your good health (see EOI section information, visit prudential.com/mybeneits.
below).
Long Term Disability (LTD)
Spouse and Dependent The company provides long term disability (LTD)
Voluntary Life Insurance insurance to ofer you inancial assistance in the
When you elect voluntary life coverage for yourself, event you are unable to work for an extended
you can also elect voluntary life coverage for your period of time. The plan covers 60% of your eligible
spouse for coverage in the amounts of $10,000, earnings after 26 weeks of disability. Beneits may
$25,000, $50,000, $75,000, $100,000, $150,000, or continue until your normal Social Security retirement
$200,000. Dependent child life coverage is available age. Evidence of Insurability will be required if you do
in coverage levels of $5,000, $10,000, or $15,000. not elect LTD coverage within 31 days from your hire
date. Employees pay 50% of LTD premiums through
Ready to Learn More? payroll deductions.
For more on leaves of absence go to:
brainshark.com/LocktonSTL/LOA
What is Evidence of Insurability (EOI)?
If EOI is required this means you must provide certain information about your health in order for the insurance company to review
your information and approve you for coverage.
If you are newly eligible and have not previously waived coverage, you can elect up to the guaranteed issue amount without
submitting EOI. You may be required to submit EOI if you have previously waived this coverage or if you elect above the
guaranteed issue amount.
If EOI is required, you will be prompted to submit an EOI after you complete your enrollment on Fidelity NetBeneits. Complete the
form via online submission. While your EOI is being processed, you will be enrolled in the maximum amount of coverage available
without requiring EOI.
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Life and Disability Insurance
Life and disability insurance is provided through Prudential Insurance Company
Basic Life Insurance Short Term Disability (STD)
At no cost to you, Brady provides basic term life The company provides short term disability (STD)
insurance equal to 1.25 times your annual iscal year insurance to help provide inancial security until you
earnings to a guaranteed amount of coverage up to get back on your feet and return to work. The plan
$400,000. pays you 100% of your eligible earnings for the irst
six weeks and 60% for up to an additional 20 weeks.
Employee Voluntary Life Although coverage for an accident or hospitalization
Insurance will begin immediately, there is a seven calender day
waiting period for illnesses, during which you have
You are eligible to purchase additional life insurance the option to take unpaid or use any combination
in increments of $25,000 up to a maximum beneit of your paid time of. New hires are eligible for the
of $700,000. Amounts of coverage over $300,000 are beneit after 90 days of employment. For more
subject to proof of your good health (see EOI section information, visit prudential.com/mybeneits.
below).
Long Term Disability (LTD)
Spouse and Dependent The company provides long term disability (LTD)
Voluntary Life Insurance insurance to ofer you inancial assistance in the
When you elect voluntary life coverage for yourself, event you are unable to work for an extended
you can also elect voluntary life coverage for your period of time. The plan covers 60% of your eligible
spouse for coverage in the amounts of $10,000, earnings after 26 weeks of disability. Beneits may
$25,000, $50,000, $75,000, $100,000, $150,000, or continue until your normal Social Security retirement
$200,000. Dependent child life coverage is available age. Evidence of Insurability will be required if you do
in coverage levels of $5,000, $10,000, or $15,000. not elect LTD coverage within 31 days from your hire
date. Employees pay 50% of LTD premiums through
Ready to Learn More? payroll deductions.
For more on leaves of absence go to:
brainshark.com/LocktonSTL/LOA
What is Evidence of Insurability (EOI)?
If EOI is required this means you must provide certain information about your health in order for the insurance company to review
your information and approve you for coverage.
If you are newly eligible and have not previously waived coverage, you can elect up to the guaranteed issue amount without
submitting EOI. You may be required to submit EOI if you have previously waived this coverage or if you elect above the
guaranteed issue amount.
If EOI is required, you will be prompted to submit an EOI after you complete your enrollment on Fidelity NetBeneits. Complete the
form via online submission. While your EOI is being processed, you will be enrolled in the maximum amount of coverage available
without requiring EOI.
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