Page 10 - Benefits Guide
P. 10
2019 Benefits Guide
LIFE AND DISABILITY INSURANCE
What is Evidence
of Insurability Life and disability insurance is provided through [Carrier].
(EOI)?
If EOI is required this Basic Life and Accidental Death and Dismemberment
means you must provide (AD&D)
certain information about
your health in order for the The company automatically provides you a beneit of [#] times your annual
insurance company to review salary (up to $XXX,XXX), at no cost to you, for life insurance and accidental
your information and approve death and dismemberment insurance.
you for coverage.
If you are newly eligible and Employee Voluntary Life and AD&D Insurance
have not previously waived
coverage, you can elect up to You are eligible to purchase additional life insurance in increments of [X]
the guaranteed issue amount times your annual salary up to a maximum beneit of [$XXX,XXX]. The
without submitting EOI. You
may be required to submit same coverage options exist for voluntary AD&D insurance.
EOI if you have previously
waived this coverage or
if you elect above the Spouse and Dependent Voluntary Life and AD&D
guaranteed issue amount. Insurance
If you elect voluntary life coverage for yourself, you can also elect voluntary
life coverage for your spouse in coverage increments of [$X,XXX] up to
a maximum of [$X,XXX]. Dependent child life coverage is available in
coverage levels of $2,000, $5,000, or $10,000. Voluntary AD&D options are
in increments of [#] times your annual salary up to a maximum beneit of
$XXX,XXX.
Short Term Disability (STD)
The company provides short term disability (STD) insurance to help provide
inancial security until you get back on your feet and return to work. The plan
covers [XX%] of your pre-disability earnings for up to [XX] days. There is
a [#]-day waiting period for illnesses, but coverage for an accident will begin
immediately.
Long Term Disability (LTD)
The company provides long term disability (LTD) insurance to offer you
inancial assistance in the event you are unable to work for an extended period
of time. The plan covers [XX%] of your pre-disability earnings, but you have
the option to purchase our buy-up LTD coverage for an additional [XX%]
of coverage. The maximum beneit of base coverage is [$X,XXX] monthly;
if you purchase the buy-up LTD coverage you may receive an additional
[$X,XXX] monthly.
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LIFE AND DISABILITY INSURANCE
What is Evidence
of Insurability Life and disability insurance is provided through [Carrier].
(EOI)?
If EOI is required this Basic Life and Accidental Death and Dismemberment
means you must provide (AD&D)
certain information about
your health in order for the The company automatically provides you a beneit of [#] times your annual
insurance company to review salary (up to $XXX,XXX), at no cost to you, for life insurance and accidental
your information and approve death and dismemberment insurance.
you for coverage.
If you are newly eligible and Employee Voluntary Life and AD&D Insurance
have not previously waived
coverage, you can elect up to You are eligible to purchase additional life insurance in increments of [X]
the guaranteed issue amount times your annual salary up to a maximum beneit of [$XXX,XXX]. The
without submitting EOI. You
may be required to submit same coverage options exist for voluntary AD&D insurance.
EOI if you have previously
waived this coverage or
if you elect above the Spouse and Dependent Voluntary Life and AD&D
guaranteed issue amount. Insurance
If you elect voluntary life coverage for yourself, you can also elect voluntary
life coverage for your spouse in coverage increments of [$X,XXX] up to
a maximum of [$X,XXX]. Dependent child life coverage is available in
coverage levels of $2,000, $5,000, or $10,000. Voluntary AD&D options are
in increments of [#] times your annual salary up to a maximum beneit of
$XXX,XXX.
Short Term Disability (STD)
The company provides short term disability (STD) insurance to help provide
inancial security until you get back on your feet and return to work. The plan
covers [XX%] of your pre-disability earnings for up to [XX] days. There is
a [#]-day waiting period for illnesses, but coverage for an accident will begin
immediately.
Long Term Disability (LTD)
The company provides long term disability (LTD) insurance to offer you
inancial assistance in the event you are unable to work for an extended period
of time. The plan covers [XX%] of your pre-disability earnings, but you have
the option to purchase our buy-up LTD coverage for an additional [XX%]
of coverage. The maximum beneit of base coverage is [$X,XXX] monthly;
if you purchase the buy-up LTD coverage you may receive an additional
[$X,XXX] monthly.
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