Page 19 - IFC Roofing Benefit Guide 2-1-24

Life / AD&D Insurance:

Humana

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

IFC Roofing & Construction, LLC provides full-time W-2 and 1099 sales employees $25,000 life insurance
benefit and a matching AD&D policy. IFC pays the full cost of these plans. Your benefits will reduce to
65% at age 65, and to 50% at age 70. Benefits terminate at retirement.

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

IFC Roofing & Construction, LLC offers eligible 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 paid and will be paid through payroll deduction. Benefits will
reduce to 65% at age 65, and to 50% at age 70.

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

Maximum Benefit 50% of Employee’s Benefit, up
$1,000,000 or 7 times income $10,000
Amount to $500,000

Minimum Benefit 100% of Employee’s
$15,000 $5,000
Amount benefit, up to $10,000
Guarantee Issue 50% of Employee’s Benefit, up
$75,000 $10,000
Amount—New Hire to $35,000

Annual Bump-Up GI $25,000 $10,000
without health questions None

Accelerated Death 50% of your basic Life Benefit to obtain if diagnosed with a terminal illness up to benefit
Benefit / Living Care maximum.

If it is determined that you are totally disabled, your life insurance benefit will continue
Waiver of Premium
without 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 Coma Airbag Common Carrier Child 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
Portability
defined in the policy, without having to provide evidence of insurability (information about
your health). This feature requires the member to contact Humana to initiate.

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