Page 7 - Hanover Medical Management Sevices - 2022 Benefit Guide

Basic Life & AD&D

Voluntary Life & AD&D

MetLife

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

Hanover Medical Management Services, LLC provides full-time employees a life insurance benefit and match-
ing AD&D benefit of $20,000. Hanover Medical Management Services, LLC pays the full cost of this benefit.
Your benefits will reduce 35% at age 65, an additional 15% of the original amount at age 70. Benefits terminate
at retirement.
Voluntary Life Insurance and Accidental Death & Dismemberment (AD&D)

Hanover Medical Management Services, LLC offers full-time employees Voluntary Life for you, your spouse,
and your dependent children. Accidental Death and Dismemberment (AD&D) is included at no additional
cost for employee and spouse coverage. In order to elect coverage for a spouse or child, you must elect
coverage for yourself. This is 100% employee paid and will be paid through payroll deduction. Your benefits
will reduce 35% at age 65, an additional 15% of original amount at age 70. Benefits terminate at retirement.
Spouse’s benefits terminate at Employee’s age of 70 or retirement, whichever comes first. YOUR COVERAGE IS
PORTABLE AND CONVERTIBLE AFTER 12 CONSECUTIVE MONTHS OF COVERAGE!

Child (ren) Life
Employee Life / AD&D Spouse Life / AD&D
Does not include AD&D

Maximum Benefit
Amount 5x Annual Salary, 50% of Employee’s benefit, up $ 10,000
up to $ 500,000 to $ 100,000
Initial Enrollment

Minimum Benefit
$ 10,000 $ 5,000 $ 1,000
Amount
Guarantee Issue 5x Annual Salary, up to 50% of Employees benefit, up 50% of Employee’s benefit, up
Amount - New $150,000 to $ 25,000 to $ 10,000
Hires Only
Increase by increments of $1K,
Increase by increments of Increase by increments of
Open Enrollment $10,000 (up to GI) per year $5,000 (up to GI) per year af- $2K, $4K, $5K or $10,000 (up
after initial Enrollment ter initial Enrollment to GI) per year after initial En-
rollment
Living Care /
Accelerated Death 75% of Life Benefit to obtain if diagnosed with a terminal illness—up to a maximum of
$ 250,000
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 - Airbag - Common Carrier — Education

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