Page 16 - Pump Down Specialist Benefit Guide 9-1-2025

Life / AD&D Insurance:

Principal Life Insurance

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

Pump Down Specialist, LLC provides ALL Full-Time employees with a 100% Employer Paid life insurance benefit of $100,000;
including matching AD&D. Your benefits will reduce to 65% at age 65, and to 50% at age 70. Benefits terminate at retirement.
This coverage is Guarantee Issue for the entire face amount and cannot be WAIVED.
Voluntary Life Insurance and Accidental Death & Dismemberment (AD&D)

We also offer full-time employees a Voluntary Life/AD&D policy for yourselves, your spouse, and your dependent children. To
elect coverage for a spouse or child, you must elect coverage for yourself. It is 100% employee cost and will be paid through
payroll deduction. Rates are based on Employees age. Your benefits will reduce to 65% at age 65, and to 50% at age 70.

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

Maximum Benefit Amount Up to $300,000 Up to $100,000 $10,000

Minimum Benefit Amount $10,000 $5,000 $10,000

Guarantee Issue Amount— Under age 70: $100,000 Under age 70: $25,000 $10,000
New Hires Over age 70: $10,000 Over age 70: $10,000

Guarantee Issue Amount— All other employees can enroll in (2) Spouses are able in enroll up to (2)
(EOI) Evidence of Insurability increments of ($10,000 with NO health increments of $5,000 with NO health $10,000
form questions for total of $20,000 questions for total of $10,000

Living Care Benefit /
A percentage of your Life Benefit can be obtained if diagnosed with a terminal illness
Accelerated Death Benefit

If it is determined that you are totally disabled, your life insurance benefit will continue with-
Waiver of Premium
out 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 Child Education Airbag Common Carrier

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
Portability Benefit
policy, without having to provide evidence of insurability (information about your health). This
feature requires the member to contact Mutual of Omaha to initiate.

You may also convert your policy without having to provide evidence of insurability
Conversation Benefit (information about your health). This feature requires the member to contact Mutual of
Omaha to initiate.

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