Page 15 - 61st Street Service Corporation | 2022 Benefits

Group Long Term Disability
Administered by Prudential
• Employer paid
• Protects 60% of your income up to $6,000 per month
• 180-day elimination period
• Benefits payable to you for as long as you are disabled up to the age of 65
Employee Group
Term Life and AD&D
Insurance
Administered by Prudential
• Employer paid
• $50,000 benefit, with reductions at age 70 and 75
Voluntary
Group Term
Life and AD&D
Insurance
Administered by Prudential
Long Term Disability Life Insurance Prudential (800) 842–1718 www.servcorphr.com
• Coverage is portable - you may take it with you should you terminate employment
• Coverage guaranteed to you, no medical questions to complete
Employee paid
Employee Supplemental Group Term Life and AD&D
• Purchased in increments of $10,000
• Up to 5-times annual salary, not to exceed $500,000
• The Guarantee Issue amount will be increasing from $150,000 to $250,000 effective 1/1/2022 (anything higher is subject to EOI)
• Evidence of Insurability (EOI) will be waived this Open Enrollment
Spouse Term Life and AD&D
• Purchased in increments of $5,000 (up to 100% of employee amount), not to exceed $500,000
• Benefits will be paid to the employee
• Guarantee Issue: $25,000
Child Term Life and AD&D
• Purchased in increments of $2,000 (up to 50% of employee amount), not to exceed $10,000
• Benefits will be paid to the employee
• Maximum death benefit for child age live birth to 6 months is $1,000
• Coverage available until age 26
• Guarantee Issue $10,000
Make the Connection 15