Page 11 - Catalyst 2022 Benefit Guide

Life / AD&D Insurance:

SunLife

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

Catalyst Urban Development provides our full-time employees with a life insurance benefit
of $30,000 and a matching AD&D policy equal to the life insurance benefit. Catalyst Urban
Development pays the full cost of this benefit. Your amount of Life and Accidental Death
and Dismemberment Insurance reduces to 67% when you reach age 65 and to 50% when
you reach age 70. Your Life and Accidental Death and Dismemberment Insurance cancels

Employee Life / AD&D

Maximum Benefit Amount $30,000

Minimum Benefit Amount $30,000

Guarantee Issue (GI) Amount $30,000

Living Care / Accelerated
75% of Life Benefit is available if diagnosed with a terminal illness
Death Benefit
If it is determined that you are totally disabled, your life insurance benefit
Waiver of Premium
will continue without payment of premium, subject to certain conditions.

In addition to basic AD&D benefits, you are protected by the following
Additional Death and Dismemberment benefits: Seat Belt Airbag Helmet Education for Spouse/Dependents
(AD&D) Benefits
Business Travel Benefit

Conversion Benefit feature allows convert your policy to permanent
coverage insurance for yourself and your dependents (if applicable)
Conversion 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). Employee must request this through SunLife.

Portability Benefit feature allows you to continue this insurance at term
rates for yourself and your dependents (if applicable) should your
Portability employment end, subject to the terms of eligibility defined in the policy,
without having to provide evidence of insurability (information about your
health). Employee must request this through SunLife.

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