Page 25 - Megatel Homes LLC Benefit Guide 8-1-2025v3

Voluntary Long Term Disability:

Lincoln Financial

Long Term Disability Coverage

Megatel Homes, LLC provides employees with Low Cost Group Voluntary Long Term Disability (LTD) coverage
intended to protect your income in case you become ill or injured.
• Benefits begin 90 days after an injury or illness
• Benefits can continue up to age 65 or longer based on Normal Social Security Retirement Age SSNRA
• Benefit amount pays up to 60% of your before-tax monthly income
• Maximum Monthly Benefit paid is $6,000 income tax free
• Progressive Income Benefit pays 10% to Maximum $5,000
• Pays for Total and Partial Disabilities caused by accidents and sickness

Own Occupation: 2 Years

Definition of Monthly Earnings:
Monthly earnings for salaried employees is the gross annual salary in effect immediately prior to the date
disability begins, divided by 12. Monthly earnings for hourly employees is the hourly rate of pay multiplied
by the average number of hours worked during the 12 month period immediately prior to the date
disability begins. If employed for part of the prior 12 month period, monthly earnings is the hourly rate of
pay multiplied by the average number of hours worked.

Definition of Total Disability: (Existing coverage reduces Pre-Existing periods)
Disability and disabled mean that because of an injury or illness, a significant change in your mental or
functional abilities has occurred, for which you are prevented from performing at least one of the material
duties of your regular job and are unable to generate current earnings which exceed 99% of your monthly
earnings from your regular job. You can be totally or partially disabled during the elimination period.

Partially Disabled:
If you become disabled and can work part-time (but not full-time), you may be eligible for partial disability
benefits.

Other Benefits
• Vocational Rehabilitation
• Survivor Benefit
• Waiver of Premium
• Employee Assistance Program (The Employee Assistance Program provides you and your family 5 face-to-
face meetings with a masters-level counselor per person per issue. This service also provides unlimited
telephonic access to masters-level counselors and a robust online database of resources .)

Example Rates

Annual In- Monthly In- Divided by Monthly Per Pay Period
Age come come $100 Costs Costs Rates are based on your
20-29 $40,000.00 $3,333.33 $33.33 $3.43 $1.58 age and Income calculated
30-34 $40,000.00 $3,333.33 $33.33 $5.67 $2.62
35-39 $40,000.00 $3,333.33 $33.33 $9.43 $4.35 automatically in Paycom
40-44 $40,000.00 $3,333.33 $33.33 $14.40 $6.65 Enrollment Portal
45-49 $40,000.00 $3,333.33 $33.33 $20.10 $9.28
50-54 $40,000.00 $3,333.33 $33.33 $56.00 $25.85
55-59 $40,000.00 $3,333.33 $33.33 $69.00 $31.85

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