Page 7 - ITC Service Group 2022 Benefit Guide
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LIFE & DISABILITY COVERAGE
Life Insurance is an important part of your financial wellbeing, especially if others depend on you for support. New in
2022, ITC Service Group will provide Basic Life and AD&D Insurance for employees as well as voluntary insurance options
for employees and their dependents.
Basic Life and AD&D Insurance
ITC Service Group now provides all full-time eligible employees with Basic Life and AD&D coverage of $25,000 at no cost
to you. This coverage is automatic; you do not need to enroll.
Voluntary Life and AD&D Insurance
You may choose to purchase additional Life and AD&D coverage for yourself and your dependents at affordable group
rates. Rates are based on age and the coverage level chosen. Please note that you must purchase coverage for yourself
in order to purchase coverage for your dependents. It is the responsibility of the employee to remove coverage once
dependents are no longer eligible.
Voluntary Life and AD&D Coverage
1x to 5x your base annual salary, rounded to the nearest $5,000 ($30,000 minimum)
Employee
Up to a $1,500,000 maximum
Increments of $25,000 (not to exceed 50% of employee voluntary coverage amount)
Spouse
Up to a $100,000 maximum
You have two life insurance coverage options for your eligible dependent children under the age of
Child(ren) 19, or to age 25 if a full-time student
$5,000 or $10,000 per child (not to exceed 50% of employee voluntary coverage amount)
Voluntary Disability Insurance
Disability insurance provides income replacement should you become disabled and unable to work due to a non-work-
related injury or illness. ITC Service Group provides eligible employees the opportunity to purchase voluntary disability
coverage. You must enroll in this benefit.
Voluntary Disability Benefits
Covers 50% of your base pay up to $1,200 per week
Short-Term Disability (STD)
Elimination period: 15 days
Covers 50% of your base pay up to $6,000 per month
Long-Term Disability (LTD)
Elimination period: 180 days
