Page 16 - 2022 US Benefits Guide FINAL

LIFE INSURANCE AND
DISABILITY
Life and AD&D Insurance
Applied provides basic life and AD&D insurance for
employees and offers voluntary insurance options for
employees and their dependents.
Basic Life and AD&D Insurance
Life insurance is an important part of your financial
wellbeing, especially if others depend on you for
support. Applied provides basic life and accidental death
and dismemberment insurance to all eligible employees
at no cost which is equal to the greater of $50,000 or
one times your base annual salary up to a maximum of
$200,000.
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.
Voluntary Life and AD&D Insurance for you
Employee
 Increments of $10,000 up to seven times your base annual
salary
 Up to a $800,000 maximum
 Guaranteed issue up to $300,000 (Voluntary Life Only)
Voluntary Life and AD&D Insurance for your dependents
Spouse
 Increments of $10,000
 Up to a $50,000 or employee’s voluntary life coverage
 Guaranteed issue up to $30,000 (Voluntary
Spousal/Domestic Partner Only)
Child(ren)
 $10,000 per child ($1,000 14 days to 6 months old)
 Covered from age 14 days
 Must be added within 31 days of birth
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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 eligible associates with STD and LTD disability
coverage at no cost as shown below. Coverage is
automatic; you do not need to enroll.
Coverage Benefit
Short-Term
Disability  60% of your weekly salary, to a maximum
of $2,000 per week for the first 90 days of
a disability after the 14-day waiting
period.
Long-Term  60% of your base salary, to a maximum
Disability of $15,000 per month if you are disabled
and are unable to work for more than 90
days.
 Benefits are offset with other sources of
income, such as Social Security and
Workers’ Compensation.
Family Medical Leave
Act (FMLA)
If you have been with the company for
12 months, you may be eligible for up to
12 work weeks of unpaid leave per year
under the Family and Medical Leave Act
(FMLA). FMLA can be used for an
illness of your own, caring for a newborn
or another family member and certain
other medical needs.