Page 10 - 2021 Vocon Benefits Guide

Life and Disability Insurance Plans

BASIC LIFE AND AD&D INSURANCE DISABILITY INSURANCE COVERAGE

Life insurance is an important part of your financial security, Disability insurance provides income replacement should
especially if you support a family. you become disabled and unable to work due to a non-

Vocon provides a company-paid life and Accidental Death & work-related illness or injury. The company provides eligible
Dismemberment (AD&D) insurance benefit to all eligible employees with disability income benefits at no cost as
employees at no cost equal to one times your annual base shown below. Coverage is automatic. You do not need to
salary, up to a maximum benefit of $150,000. Coverage is enroll.
automatic. You do not need to enroll.

VOLUNTARY (OPTIONAL) LIFE Coverage Benefit

All others electing new coverage (late entrants) are subject • 60% of weekly salary
to EOI. Short-Term Disability • Maximum of $1000 for 12
weeks
Employee Coverage: Up to $500,000 or 5x annual earnings,
whichever is less in increments of $1,000. Guaranteed Issue • Covers 60% of your salary
Amount: $150,000 (newly eligible/new hires) up to $6,000 per month
Spousal Coverage: Up to $250,000 in increments of $5,000 Long-Term Disability • Benefit begins after 90
(not to exceed 50% of employee’s amount). Spousal days of disability (when
Guaranteed Issue Amount: $30,000. short term disability ends)
Children: Up to $10,000 in increments of $1,000 (children
15 days from birth until age 26.

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