Page 15 - 2013-14 MFCU benefits & Notices

Members First CU 2013-14

Basic Life/Accidental Death & Dismemberment (AD&D) Coverage

Life insurance is extremely important if you have family members that
depend upon your income. Life insurance provides financial security
for you and your dependents should you die while an employee at the
Credit Union. Accidental Death & Dismemberment (AD&D) insurance
pays an additional benefit if your death is a result of an accident. In
addition, AD&D insurance will pay a portion of the benefit for a loss of
limb, eyesight, or both, if the loss is directly related to the accident.

Members First Credit Union provides a company-paid Basic Life/AD&D
benefit for you by CUNA Mutual Group (CMG).

Your Basic Life insurance benefits reduce to 65% at age 70 and to
50% at age 80. Coverage effectives dates and increases in coverage
may be delayed if you and/or your dependents are disabled or hospital confined on the date coverage is
scheduled to take effect. Review the CMG Summary Plan Description for all details.

Short Term Disability (STD) Coverage

To help protect your financial stability in the event you became ill
or disabled, Members First CU provides a salary continuation plan
through a short-term disability program also with CMG.

Short Term Disability (STD) provides income protection in the
event you become temporarily disabled due to a non-work related
illness or injury. (If you remain disabled when your STD benefits
end, you may be eligible for LTD benefits which are outline on the
following page.) Your STD benefits are outlines as follows:

STD Benefit

Weekly Benefit 60% of Pre-Disability Earnings

Minimum/Maximum Weekly Benefit $0 / $1,500 per week

0 days for accident/injury
Elimination Period
7 days for sickness

Benefit Duration 13 weeks Duration

Pre-Existing Condition Limitation 6/12

New Hire Wait Period First of the month following 90 days of FT hire date

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