Page 10 - Creative Snacks 2023 Benefit Guide

Life Insurance and Disability

Basic Life and AD&D Insurance
΅ Life insurance is an important part of your financial Protect your loved ones
wellbeing, especially if others depend on you for support. ΅ Affordable supplemental coverage – Take
΅ Creative Snacks provides basic life and accidental death advantage of the group rates offered to get
and dismemberment insurance through Sun Life to all the best deal on your coverage. Investing in
eligible associates at no cost equal to 1.5 times your base insurance give you peace of mind and the financial
annual earnings, up to a maximum of $600,000. protection for yourself and your loved ones.
΅ Coverage is automatic; you do not need to enroll. ΅ Be sure to designate your beneficiary – You must
choose a beneficiary for life and AD&D insurance.
Voluntary Life and AD&D Insurance Keep your beneficiaries up-to-date in 2023.
΅ You may choose to purchase additional life and AD&D
coverage through Sun Life for yourself and your
dependents at affordable group rates.
΅ Rates are based on age and the coverage level chosen. Disability Insurance
΅ If you are electing outside of your new hire eligibility Disability insurance through Sun Life provides income
window, you will have to complete an Evidence of replacement should you become disabled and unable
Insurability (EOI) for that will be reviewed by Sun Life for to work due to a non-work-related illness or injury.
approval for coverage. Creative Snacks provides eligible associates with
disability coverage at no cost as shown below.
Coverage is automatic; you do not need to enroll.
Voluntary life and AD&D insurance for you

Employee Coverage Benefit
΅ Increments of $10,000 up to five times your base
annual salary Short-term ΅ 60% of your weekly salary, to a maximum
΅ Up to a $500,000 maximum disability of $2,500 per week for the first 13 weeks
of a disability after the 0 day (injury) and
΅ Guaranteed issue up to $100,000 7-day (illness) waiting period.
Voluntary life and AD&D insurance ΅ 60% of your base salary, to a maximum of
for your dependents $12,500 per month if you are disabled and
Long-term are unable to work for more than 90 days.
disability ΅ Benefits are offset with other sources
Spouse Child(ren) of income, such as Social Security and
΅ Increments of $10,000 ΅ $10,000 per child Workers’ Compensation.
(not to exceed 100% of ΅ Covered from age 6 months
your voluntary life and to age 26
AD&D coverage) ΅ Must be added within
΅ Up to a $150,000 maximum 30 days of birth
΅ Guaranteed issue up
to $50,000

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