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Life and AD&D Insurance:

Lincoln Financial

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

SIPS Consults, Corp provides full-time employees a life insurance benefit of $15,000 and an AD&D policy
equal to the life insurance benefit. SIPS Consults, Corp pays the full cost of this benefit through Lincoln.
Benefits will reduce 35% at age 65 and an additional 15% of the original amount at age 70. Benefits
terminate at retirement.
Voluntary Life Insurance and Accidental Death & Dismemberment (AD&D)

SIPS Consults, Corp offers full-time employees a Voluntary Life / AD&D policy for themselves, their spouse,
and their dependent children. In order to elect coverage for a spouse or for children, the employee must
elect a plan for themselves. This plan is offered at 100% employee cost through Lincoln and will be
deducted through payroll. Benefits reduce 35% at age 65. Spouse coverage terms at employee age 70.
Please see plan summary for additional reductions.

Child(ren) Life
Employee Life / AD&D Spouse Life / AD&D
Does not include AD&D

Maximum Benefit 5x Annual Salary, 50% of Employee’s benefit, up
Amount up to $ 500,000 to $ 250,000 $ 20,000

Minimum Benefit $ 10,000 $ 5,000 $ 20,000
Amount
Guarantee Issue
Amount - New 5x Annual Salary, up to 50% of Employees benefit, up 50% of Employee’s benefit, up
to $ 20,000
to $ 40,000
$150,000
Hires Only
Increase by $20,000 per Increase by $10,000 per year
Open Enrollment $ 20,000
year after 2019 Enrollment after 2019 Enrollment

Living Care /
Accelerated Death 75% of Life Benefit to obtain if diagnosed with a terminal illness—up to a maximum of
$ 250,000
Benefit
If it is determined that you are totally disabled, your life insurance benefit will continue without
Waiver of Premium
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 - Airbag - Common Carrier — Education

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

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