Page 14 - 2013-14 AAACU Benefits & Notices

Alpena Alcona Area 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.

Alpena Alcona Area Credit Union provides a company-paid Basic
Life/AD&D benefit for you by Sun Life Financial (Sun Life).

Your Basic Life insurance benefits reduce to 65% at age 70 and to
50% at age 75 while still working at the Credit Union. Coverage
effective 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 Sun Life 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, Alpena Alcona Area Credit Union provides a
salary continuation plan through a short-term disability program
also through Sun Life.

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 / $1,500.00
0 days for accident
Elimination Period 7 days for sickness
0 days for hospitalization
Benefit Duration 26 weeks Duration

Pre-Existing Condition Limitation 6 / 12

New Hire Wait Period Date of Hire

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