Page 13 - 2013-14 NCACU Benefits & Notices

North Central Area CU 2013-14

Basic Life/AD&D Coverage

Life insurance is extremely important if you have family members that
depend upon your income. Life insurance provides financial security
for you and your dependents should you die while an employee at the
Credit Union. Accidental Death & Dismemberment (AD&D) insurance
pays an additional benefit if your death is a result of an accident. In
addition, AD&D insurance will pay a portion of the benefit for a loss of
limb, eyesight, or both, if the loss is directly related to the accident.

NCACU provides a company-paid Basic Life/AD&D benefit for you by
Sun Life Financial (Sun Life).

Your Basic Life insurance benefits reduce to 65% at age 70 and to
50% at age 80. Coverage effectives dates and increases in coverage
may be delayed if you are disabled or hospital confined on the date coverage is scheduled to take effect.
Review the CMG Summary Plan Description for details.

Short Term Disability (STD) Coverage

To help protect your financial stability in the event you became
ill or disabled, NCACU provides a salary continuation plan
through a short-term disability program also through Sun Life.

Short Term Disability (STD) provides income protection in the
event you become temporarily disabled due to a non-work
related illness or injury. (If you remain disabled when your STD
benefits end, you may be eligible for LTD benefits which are
outline on the following page.)

Your STD benefits are outlines as follows:

STD Benefit

Weekly Benefit 60% of Pre-Disability Earnings

Minimum/Maximum Weekly Benefit $20.00 / No Maximum

14 days for accident
Elimination Period
14 days for sickness
Benefit Duration 26 weeks Duration

Pre-Existing Condition Limitation None

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