Page 18 - 2022 CAPREIT Benefits Guide
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Life and Accidental Death & Disability Insurance Coverage
Dismemberment (AD&D) The goal of CAPREIT’s Disability Insurance Plans is to
Insurance Coverage provide you with income replacement should you
become disabled and unable to work due to a non-
Life insurance is an important part of your work-related illness or injury. CAPREIT provides
financial security, especially if others depend on eligible employees with disability income benefits at
you for support. Accidental Death & no cost to you.
Dismemberment (AD&D) insurance is designed
to provide a benefit in the event of accidental
Mutual of Omaha
death or dismemberment.
CAPREIT provides Basic Life and AD&D Insurance Coverage Benefit
to all eligible employees at no cost to you: One
Class 1 – 2 x salary to max of
times annual basic earnings, up to a maximum $250,000
benefit of $50,000 for class 2 and two times Group Life and AD&D
Class 2 – 1 x salary to max of
annual basic earnings, up to a maximum benefit $50,000
of $250,000 for class 1.
60% of your base annual
earnings, to a $1,400 weekly
Short-Term maximum
Disability
Elimination period 15 days
accident and or sickness
Covers 60% of your base annual
Long-Term earnings, to a $6,000 maximum
Disability
Elimination period 90 days
Your Benefits Guide 2022
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