Page 15 - MB Aerospace Benefit Guide + Notices 2021

Life insurance and disability

Life and AD&D Insurance Disability Insurance
MB Aerospace provides basic life and AD&D insurance Disability insurance provides income replacement should
for employees and offers voluntary insurance options for you become disabled and unable to work due to a non-
employees and their dependents. work-related illness or injury. MB Aerospace provides
eligible associates with disability coverage at no cost as
Basic Life and AD&D Insurance shown below.

Life insurance is an important part of your financial
wellbeing, especially if others depend on you for support. Coverage Benefit
MB Aerospace provides basic life and accidental death
and dismemberment insurance to all eligible associates Short-Term ΅ 60% of your weekly salary, to a maximum of
Disability
$500 per week for the first 26 weeks of a
at no cost equal to one times your base annual earnings, disability after the one-week waiting period.
up to a maximum of $250,000. Coverage is automatic;
you do not need to enroll. Long-Term ΅ 60% of your pre-tax base salary, to a
Disability maximum of $6,000 per month if you are
disabled and are unable to work for more
Voluntary Life and AD&D Insurance than 180 days.
You may choose to purchase additional life and AD&D ΅ Benefits are offset with other sources
coverage for yourself and your dependents at affordable of income, such as Social Security and
group rates. Rates are based on age and the coverage Workers’ Compensation.
level chosen.

Voluntary Life and AD&D Insurance for you

Employee Family Medical Leave Act (FMLA)
΅ Increments of $10,000 up to five times your base If you have been with the company for 12 months,
annual salary you may be eligible for up to 12 work weeks
΅ Up to a $250,000 maximum of unpaid leave per year under the Family and
΅ Guaranteed issue up to $250,000
Medical Leave Act (FMLA). FMLA can be used for
an illness of your own, care needed for a family
Voluntary Life and AD&D Insurance member, care for a newborn and certain other
for your dependents
medical needs.
Spouse Child(ren)
΅ Increments of $5,000 ΅ Options of $5,000 or
(not to exceed 100% of $10,000 per child
your voluntary life and ΅ Covered from age one.
AD&D coverage) ΅ Must be added within
΅ Up to a $50,000 maximum 31 days of birth
΅ Guaranteed issue up to
$50,000

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