Page 12 - Tacony 2021 Annual Benefits
P. 12
Life and AD&D Please note bonuses and commissions are not included in
Life and AD&D insurance is provided through Reliance your annual salary for the purposes of calculating life and
AD&D beneits.
Standard.
Basic Life Voluntary Accidental Death and
The company provides all beneit eligible associates a Dismemberment (AD&D) Insurance
beneit of 1.5 times your annual salary up to $300,000 If you would like to purchase voluntary AD&D
at no cost to you. insurance in addition to your company-paid beneits,
Tacony offers you the ability to purchase voluntary
Basic Accidental Death and AD&D insurance at competitive group rates. Voluntary
Dismemberment (AD&D) Insurance AD&D insurance can be purchased in increments of
If your death is the result of an accident or if an $10,000 up to the lesser of 10 times your annual salary
accident leaves you with certain debilitating injuries, or $500,000.
you will be covered under our accidental death and
dismemberment insurance for the same amount as the You can elect voluntary AD&D insurance coverage
basic life insurance beneit. for your spouse in $10,000 increments, to the lesser of
$250,000 or 100% of your associate voluntary AD&D
Voluntary Life amount. You must elect coverage for yourself before
you can elect spouse coverage.
If you would like to purchase voluntary life insurance in
addition to your company-paid beneits, Tacony offers Finally, you can elect coverage for your children in
you the ability to purchase voluntary life insurance at increments of $10,000 up to a maximum of $20,000.
competitive group rates. Voluntary life insurance can be You must elect coverage for yourself before you can
purchased in increments of $10,000 up to a maximum elect coverage for your children.
of $500,000.
Designating Your Beneficiary
You can elect voluntary life insurance coverage for your
spouse in $10,000 increments, to the lesser of $250,000 In the event of your death while covered by these plans,
or 100% of your associate voluntary life amount. You the beneit is paid to the beneiciary (or beneiciaries)
must elect coverage for yourself before you can elect you designate during enrollment. You are automatically
spouse coverage. the beneiciary for all voluntary coverage elected for
your dependents.
Finally, you can elect coverage for your children
in amounts of $10,000 or $20,000. You must elect All beneiciary designations must be completed
coverage for yourself before you can elect coverage for online through the ADP Self Service Portal during
your children. Open Enrollment. These may be updated any time
throughout the year.
12 2021 Benefits Enrollment
Life and AD&D insurance is provided through Reliance your annual salary for the purposes of calculating life and
AD&D beneits.
Standard.
Basic Life Voluntary Accidental Death and
The company provides all beneit eligible associates a Dismemberment (AD&D) Insurance
beneit of 1.5 times your annual salary up to $300,000 If you would like to purchase voluntary AD&D
at no cost to you. insurance in addition to your company-paid beneits,
Tacony offers you the ability to purchase voluntary
Basic Accidental Death and AD&D insurance at competitive group rates. Voluntary
Dismemberment (AD&D) Insurance AD&D insurance can be purchased in increments of
If your death is the result of an accident or if an $10,000 up to the lesser of 10 times your annual salary
accident leaves you with certain debilitating injuries, or $500,000.
you will be covered under our accidental death and
dismemberment insurance for the same amount as the You can elect voluntary AD&D insurance coverage
basic life insurance beneit. for your spouse in $10,000 increments, to the lesser of
$250,000 or 100% of your associate voluntary AD&D
Voluntary Life amount. You must elect coverage for yourself before
you can elect spouse coverage.
If you would like to purchase voluntary life insurance in
addition to your company-paid beneits, Tacony offers Finally, you can elect coverage for your children in
you the ability to purchase voluntary life insurance at increments of $10,000 up to a maximum of $20,000.
competitive group rates. Voluntary life insurance can be You must elect coverage for yourself before you can
purchased in increments of $10,000 up to a maximum elect coverage for your children.
of $500,000.
Designating Your Beneficiary
You can elect voluntary life insurance coverage for your
spouse in $10,000 increments, to the lesser of $250,000 In the event of your death while covered by these plans,
or 100% of your associate voluntary life amount. You the beneit is paid to the beneiciary (or beneiciaries)
must elect coverage for yourself before you can elect you designate during enrollment. You are automatically
spouse coverage. the beneiciary for all voluntary coverage elected for
your dependents.
Finally, you can elect coverage for your children
in amounts of $10,000 or $20,000. You must elect All beneiciary designations must be completed
coverage for yourself before you can elect coverage for online through the ADP Self Service Portal during
your children. Open Enrollment. These may be updated any time
throughout the year.
12 2021 Benefits Enrollment
