Page 15 - Interior Architects-2022-23-Benefit Guide

Life and Disability Insurance

Basic Life and AD&D Insurance Disability Insurance
Life insurance is an important part of your financial wellbeing, Disability insurance provides income replacement
especially if others depend on you for support. Interior should you become disabled and unable to work due to
Architects provides basic life and accidental death and a non-work-related illness or injury. Interior Architects
dismemberment insurance to all eligible employees at no provides disability coverage to all eligible employees at
cost equal to $50,000. Coverage is automatic; you do not no cost as shown below. Coverage is automatic; you do
need to enroll. not need to enroll.

Voluntary Life and AD&D Insurance Coverage Benefit

You may choose to purchase additional life and AD&D
coverage for yourself and your dependents at affordable Short-Term ΅ 60% of your weekly salary, to a maximum of
Disability
$1,540 per week for the first 13 weeks of a
group rates. Rates are based on age and the coverage disability after the 7 day waiting period.
level chosen.
Long-Term ΅ 60% of your base salary, to a maximum of
Disability $10,000 per month if you are disabled and
Voluntary Life and AD&D Insurance for you* are unable to work for more than 90 days.
΅ Benefits are offset with other sources
Employee of income, such as Social Security and
΅ Increments of $10,000 up to 5x your base annual salary Workers’ Compensation.
΅ Up to a $500,000 maximum
΅ Guaranteed issue up to $200,000

Voluntary Life and AD&D Insurance Family Medical Leave Act (FMLA)
for your dependents*
If you have been with the company for 12 months,
you may be eligible for up to 12 work weeks
Spouse Child(ren)
΅ Increments of $5,000 ΅ Increments of $2,000 of unpaid leave per year under the Family and
not to exceed employee’s ΅ Up to $10,000 Medical Leave Act (FMLA). FMLA can be used for
coverage amount an illness of your own, care needed for a family
΅ Up to a $500,000 maximum member, care for a newborn and certain other
΅ Guaranteed issue up to medical needs.
$25,000
*Evidence of insurability (EOI) may be required.

What Is EOI?

Evidence of Insurability (EOI) is the process of providing
health information to qualify for certain types of insurance
coverage. You will be required to submit a health
questionnaire (in some cases, a physical exam may be
required) if you elect coverage over the guaranteed issue
amount. Your questionnaire will be reviewed by the life
carrier, and you will be notified of their decision directly.

15