Page 10 - Benefit Guide
P. 10
2019 Benefits Enrollment
LIFE AND DISABILITY INSURANCE
If you are newly eligible and
have not previously waived Life and disability insurance is provided through [Carrier].
your opportunity to elect
coverage, you can elect up
to the guaranteed issue Basic Life and Accidental Death and Dismemberment
amounts without submitting
evidence of insurability (EOI). (AD&D)
If you are a late entrant The company automatically provides you a beneit of [#] times your annual
and have previously waived
the opportunity to purchase salary (up to $XXX,XXX), at no cost to you, for life insurance and accidental
additional coverage, you may death and dismemberment insurance.
be required to submit EOI.
Employee Voluntary Life and AD&D Insurance
You are eligible to purchase voluntary life insurance in increments of [X]
times your annual salary up to a maximum beneit of [$XXX,XXX]. The
same coverage options exist for voluntary AD&D insurance.
Spouse and Dependent Voluntary Life and AD&D
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
If you are newly eligible and
have not previously waived Life and disability insurance is provided through [Carrier].
your opportunity to elect
coverage, you can elect up
to the guaranteed issue Basic Life and Accidental Death and Dismemberment
amounts without submitting
evidence of insurability (EOI). (AD&D)
If you are a late entrant The company automatically provides you a beneit of [#] times your annual
and have previously waived
the opportunity to purchase salary (up to $XXX,XXX), at no cost to you, for life insurance and accidental
additional coverage, you may death and dismemberment insurance.
be required to submit EOI.
Employee Voluntary Life and AD&D Insurance
You are eligible to purchase voluntary life insurance in increments of [X]
times your annual salary up to a maximum beneit of [$XXX,XXX]. The
same coverage options exist for voluntary AD&D insurance.
Spouse and Dependent Voluntary Life and AD&D
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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