Page 9 - 2024 Hanover Medical Management Sevices Benefit Guide - EN Revised

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
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. Benefits termi-
nate 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 5x Annual Salary,
Amount 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 One (1) increment Increase One (1) increment Increase One (1) increment of
Open Enrollment—
Currently Enrolled of $10,000 (up to GI) per of $5,000 (up to GI) per year $1K, $2K, $4K, $5K (up to GI)
year after initial Enrollment after initial Enrollment per year after initial Enrollment

Living Care / Accelerated Benefit Option: 24 months or less to live, up to 80.0% of coverage, to a maximum of
Accelerated Death $500,000.
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 COMA - Seat Belt - Airbag - Common Carrier — Education

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
without having to provide evidence of insurability (information about your health). This feature
requires the member to contact your Broker—IFC Benefit Solutions or Metlife to initiate.
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