Page 12 - Monster Energy 2021-2022 Benefits Guide

DISABILITY ANd LIFE INSURANCE

DISABILITY INSURANCE
Disability insurance provides income replacement should you become disabled and unable
to work due to a non-work-related illness or injury. The company provides disability coverage
through Cigna at no cost as shown below. Coverage is automatic; you do not need to enroll.

COVERAGE ELIGIBLE EXPENSES

Short-Term • 60% of your weekly salary, to a maximum of $2,000 per week for the first 13 weeks of a disability after the
Disability one-week waiting period.

Long-Term • 60% of your base salary, to a maximum of $10,000 per month if you are disabled and are unable to work
Disability for more than 90 days.
• Benefits are offset with other sources of income, such as Social Security and Workers’ Compensation.

LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) INSURANCE
Life insurance is an important part of your financial wellbeing, especially if others depend
on you for support. Life Insurance pays benefits if you die from any cause. AD&D benefits are
paid if your death is accidental or if you are severely injured due to an accident and suffer a
loss specified in the policy such as loss of a limb or eyesight.

The company provides Basic Life and AD&D insurance at no cost equal to two times your
base annual salary, up to a maximum of $150,000. Coverage is automatic; you do not need
to enroll.

SUPPLEMENTAL LIFE INSURANCE
You may choose to purchase additional Cigna Life coverage for yourself and your dependents
at affordable group rates. Rates are based on age and the coverage level chosen.

All eligible employees can opt in or increase existing employee or spouse coverage up to the
guarantee issue amounts without providing evidence of insurability.

SUPPLEMENTAL LIFE FOR YOU SUPPLEMENTAL LIFE FOR YOUR DEPENDENTS

Employee Spouse
• Increments of $25,000 up to five times your • Increments of $12,500 (not to exceed 50% of your supplemental
base annual salary Life and AD&D coverage)
• Up to a $500,000 maximum • Up to a $250,000 maximum
• Guaranteed issue* up to $250,000 • Guaranteed issue* up to $50,000
• Amounts above the guaranteed issue are
subject to evidence of insurability Child(ren)
• Purchase $2,500, $5,000, $7,500 or $10,000 which covers all children
• Covered from age 14 days to age 26. From age 19-26 must be full-time student.
• Must be added within 31 days of birth

12 / * Amounts above the guaranteed issue are subject to evidence of insurability.