Page 11 - McKenzie 2022 Benefit Guide SD Hourly

LIFE INSURANCE AND

DISABILITY

Life and AD&D Insurance Disability Insurance
McKenzie provides basic life and AD&D insurance for Disability insurance provides income replacement should
employees and offers voluntary insurance options for you become disabled and unable to work due to a
employees and their dependents. non-work-related illness or injury. The company provides
eligible associates with disability coverage at no cost as
Basic Life and AD&D Insurance shown below. Coverage is automatic; you do not need
to enroll.
Life insurance is an important part of your financial wellbeing,
especially if others depend on you for support. McKenzie
provides basic life and accidental death and dismemberment Coverage Benefit
insurance to all eligible associates at no cost equal to
Short-Term  60% of your weekly salary, to a maximum of
$25,000. Coverage is automatic; you do not need to enroll.
Disability $1,000 per week for the first 13 weeks of a
disability after the 7-day (injury) or 14-day
Voluntary Life and AD&D Insurance
(illness) waiting period.
You may choose to purchase additional life and AD&D Long-Term
coverage for yourself and your dependents at affordable  60% of your base salary, to a maximum of
Disability $5,000 per month if you are disabled and are
group rates. Rates are based on age and the coverage
unable to work for more than 90 days.
level chosen.
 Benefits are offset with other sources of
income, such as Social Security and Workers’
Compensation.
Voluntary Life and AD&D Insurance for you

Employee
 Increments of $10,000 up to 5x your base annual salary Family Medical Leave Act (FMLA)
 Up to a $500,000 maximum
 Guaranteed issue up to $150,000 If you have been with the company for
12 months, you may be eligible for up to
Voluntary Life and AD&D Insurance for your dependents 12 work weeks of unpaid leave per year

Spouse under the Family and Medical Leave Act
 Increments of $5,000 (not to exceed 50% of your voluntary life (FMLA). FMLA can be used for an illness of
and AD&D coverage) your own, care needed for a family
 Up to a $250,00 maximum member, care for a newborn, and certain
 Guaranteed issue up to $30,000 other medical needs.
Child(ren) – Life Insurance ONLY
 Age 14 days to 6 months – $250
 Age 6 months to 19 years (25 if full-time student) – $10,000

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