Page 14 - Mitsubishi-2022-Benefit Guide-Methacrylates-V9(JO)-LRI

Life insurance and disability

Basic Life and AD&D Insurance
Life insurance is an important part of your financial Evidence of Insurability
wellbeing, especially if others depend on you for support. If you elect over the guaranteed issue amount
MCA provides basic life and accidental death and for supplemental life, an Evidence of Insurability
dismemberment insurance to all eligible associates at no (EOI) form will need to be completed. Coverage
cost equal to 2 times your base annual earnings, up to a will take effect the first of the month following
maximum of $750,000. Coverage is automatic; you do not approval of your EOI. Human Resources will send
need to enroll.
you a copy of the form if applicable.
Long-Term Disability Insurance
Long-Term Disability Insurance provides income
replacement should you become disabled and unable
to work due to a non-work-related illness or injury.
MCA provides eligible employees with long-term
disability coverage at no cost as shown below. Coverage
is automatic; you do not need to enroll.

Coverage Benefit

● 66 2/3% of your base salary, to a maximum
of $10,000 per month if you are disabled and
are unable to work for more than 180 days.
● The employer cost for this coverage is
Long-Term imputed into your pay taxation. In the event
Disability you are approved for an LTD claim, this
66 2/3% benefit will be non-taxable to you.
● Benefits are offset with other sources
of income, such as Social Security and
Workers’ Compensation.

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