Page 10 - Drive DeVilbiss - 2022 Union Guide

Life insurance and disability

Life and AD&D Insurance Voluntary Life and AD&D Insurance
Drive DeVilbiss Healthcare provides basic life and AD&D You may choose to purchase additional life and AD&D coverage for
insurance for employees and offers voluntary insurance yourself and your dependents at affordable group rates. Rates are
options for employees and their dependents. based on age and the coverage level chosen.

Basic Life and AD&D Insurance
Voluntary Life and AD&D Insurance for you
Life insurance is an important part of your financial wellbeing,
especially if others depend on you for support. Drive DeVilbiss Employee
Healthcare provides basic life and accidental death and
You can purchase up to 3x your base salary (rounded up to the
dismemberment insurance to all eligible associates at no cost
nearest $1,000), up to the $500,000 maximum.
equal to a flat $40,000 life benefit and a flat $30,000 AD&D
benefit. Coverage is automatic; you do not need to enroll. This
benefit is subject to age reductions.
Voluntary Life/AD&D Insurance for
your Spouse
Disability Insurance
Spouse
Disability insurance provides income replacement should you
become disabled and unable to work due to a non- work- You can elect coverage for your spouse in increments of $5,000 up to
related illness or injury. The company provides eligible $250,000, not to exceed 50% of the Employee Voluntary Life amount.
EOI will not be required for new hires enrolling for the first time for
associates with short term disability coverage at no cost. Long
amounts up to $30,000 or less in 2022.
term disability is employee paid.
Coverage Benefit Voluntary Life Insurance for your
Child(ren)
Short-Term ● If you are unable to work after seven
Disability consecutive calendar days due to illness or Child(ren) – Life Only
after 0 consecutive days due to accidental You can elect coverage for your dependent children up to age 29. One
injury, you may be eligible for Short Term election will cover all of your eligible dependent children. For children
Disability (STD) benefits. STD will replace 60% 15 days and older, coverage is available in the amount of $10,000.
of your weekly pre-disability base salary up to
a $500 weekly maximum. Benefits continue to
the earlier of recovery or 26 weeks.
• Spouse and child coverage is only available if the employee is
Voluntary ● If you remain disabled after 180 days, you may insured for voluntary coverage.
Long-Term be eligible for Long Term Disability (LTD) • Coverage reduces 35% upon the Person's attainment of age 65,
Disability benefits. LTD will replace 60% of your monthly an additional 50% at age 70 and will terminate upon retirement.
pre-disability base salary up to a $10,000
monthly maximum benefit. • For spouses, coverage will terminate upon the employee's
attainment of age 65 or retirement, whichever occurs first.

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