Page 22 - Megatel Homes LLC Benefit Guide 8-1-2025v3

Life / AD&D Insurance:

Lincoln Financial

Voluntary Life Insurance and Accidental Death & Dismemberment (AD&D)

Megatel Homes, LLC offers full-time employees a Voluntary Life / AD&D policy for yourselves, your spouse, and your
dependent children. In order to elect coverage for a spouse or child, you must elect coverage for yourself. This plan is
offered through a competitive group policy by your employer. It is 100% employee cost and will be paid through pay-
roll deduction. Rates are based on Employees age. Your benefits will reduce to 65% at age 65, and to 50% at age 75
and end at retirement. Spouse coverage ends at Employees age 70.

Child Life /
Employee Life / AD&D Spouse Life / AD&D
AD&D

Maximum Benefit 50% of Employee’s Benefit, up to
5x Annual Salary, up to $500,000 $20,000
Amount $250,000

Minimum Benefit
$10,000 $5,000 $20,000
Amount

Guarantee Issue
Amount—2025 Open 50% of Employee’s Benefit, up to
5x Annual Salary, up to $150,000 $20,000
Enrollment & New $50,000
Hires

Living Care Benefit /
75% of your Life Benefit can be obtained if diagnosed with a terminal illness up to $250,000.
Accelerated Death
Balance paid at death.
Benefit

If it is determined that you are totally disabled, your life insurance benefit will continue without
Waiver of Premium
payment of premium, subject to certain conditions.

Additional AD&D In addition to basic AD&D benefits, you are protected by the following benefits:
Benefits Seat Belt Child Education Airbag Coma Common Carrier

The portability feature allows you to continue this insurance for yourself and your dependents (if
applicable) should your employment end, subject to the terms of eligibility defined in the policy,
Portability Benefit
without having to provide evidence of insurability (information about your health). This feature
requires the member to contact Mutual of Omaha to initiate.

You may also convert your policy without having to provide evidence of insurability (information
Conversation Benefit
about your health). This feature requires the member to contact Lincoln Financial to initiate.

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