Page 9 - 2020 MAS Benefit Guide
P. 9
Life Insurance and Disability Designating Your
Life and disability insurance is provided through Lincoln Financial Group. Beneficiary
If you die while covered by this
Basic Life and Accidental Death and plan, the beneit is paid to the
Dismemberment (AD&D) Insurance beneiciary (or beneiciaries) you
designate. Please make sure you
MAS Restaurant Group provides a beneit of one times your annual beneiciary information is accurate.
earnings (up to a maximum of $300,000), at no cost to you, for life and You may change beneiciaries at
accidental death and dismemberment (AD&D) insurance. any time by completing a new
Beneiciary Designation Form and
Company-Paid Short Term Disability submitting it to Human Resources.
MAS Restaurant Group provides short term disability insurance to help
provide inancial security until you get back on your feet and return to
work. If you meet the deinition of disability as determined by Lincoln
Financial, you will be eligible to receive a beneit equal to 60% of your
pre-disability earnings, to a maximum of $800 per week for 13 weeks.
Your STD beneits may be reduced by the amount of other income you
receive for the same disability. The elimination period—the length of time
of continuous disability which must be satisied before you are eligible to
receive beneits—is seven days.
Long Term Disability
MAS Restaurant Group also provides long term disability insurance to
offer you inancial assistance in the event you are unable to work for an
extended period of time. The plan covers 60% of your pre-disability
earnings to a maximum monthly beneit of $5,500 once you have been
out of work for 180 days.
MAS Restaurant Group 9
Life and disability insurance is provided through Lincoln Financial Group. Beneficiary
If you die while covered by this
Basic Life and Accidental Death and plan, the beneit is paid to the
Dismemberment (AD&D) Insurance beneiciary (or beneiciaries) you
designate. Please make sure you
MAS Restaurant Group provides a beneit of one times your annual beneiciary information is accurate.
earnings (up to a maximum of $300,000), at no cost to you, for life and You may change beneiciaries at
accidental death and dismemberment (AD&D) insurance. any time by completing a new
Beneiciary Designation Form and
Company-Paid Short Term Disability submitting it to Human Resources.
MAS Restaurant Group provides short term disability insurance to help
provide inancial security until you get back on your feet and return to
work. If you meet the deinition of disability as determined by Lincoln
Financial, you will be eligible to receive a beneit equal to 60% of your
pre-disability earnings, to a maximum of $800 per week for 13 weeks.
Your STD beneits may be reduced by the amount of other income you
receive for the same disability. The elimination period—the length of time
of continuous disability which must be satisied before you are eligible to
receive beneits—is seven days.
Long Term Disability
MAS Restaurant Group also provides long term disability insurance to
offer you inancial assistance in the event you are unable to work for an
extended period of time. The plan covers 60% of your pre-disability
earnings to a maximum monthly beneit of $5,500 once you have been
out of work for 180 days.
MAS Restaurant Group 9
