Page 11 - 2018 Turnberry Associates Guide Boston
P. 11
Protecting Yourself And Your
Loved Ones With Life Insurance
Life insurance protects your family or other beneficiaries Note: At age 65, providing you are still employed, your
in the event of your death while you are still actively coverage will decrease to 65% of the benefit amount. It
employed at Turnberry. Your coverage amount will be will decrease to 50% at age 70. Premiums and coverage
paid to the beneficiary of your choice. Turnberry is for your spouse will end at age 70; at that time your
excited to announce that we’re now providing eligible spouse may choose to convert this coverage to a
employees with coverage at two times your Annual permanent life insurance policy.
Salary up to a maximum benefit amount of $500,000
in group life and accidental death & dismemberment Prepare For The Unexpected
(AD&D) insurance through MetLife.
With Disability Insurance
If your death is due to a covered accident or injury, your
beneficiary will receive an additional amount through
Accidental Death and Dismemberment (AD&D) Disability insurance continues a portion of your income
coverage. AD&D coverage is equal to your life insurance if you become unable to perform your regular job duties
coverage amount. AD&D benefits are payable if you for an extended period of time due to a qualified illness
pass away due to an accident, lose a limb, or have a or injury.
loss of speech, hearing, or eyesight because of a Voluntary Short-Term Disability - Turnberry
covered accident (either on or off the job) and the loss employees are provided with the option to purchase
occurs within one year of the covered accident. The short-term disability. Short-Term Disability (STD)
payable amount of your AD&D benefit depends on the coverage pays you up to 60% of your weekly salary
type of loss. In the event of death due to an accident, per week (Maximum Weekly benefit—$1,500) on the
your beneficiary may receive both your life and AD&D 15th day of a non-work related illness or injury. The
benefits. maximum benefit period is 11 weeks.
Voluntary Term Life/AD&D - Yourself, Voluntary Long-Term Disability - Turnberry
Spouse/Domestic Partner, and /or employees are provided with the option to purchase
Children long-term disability. If you become totally and
permanently disabled, the plan begins to pay you a
You may purchase additional Voluntary Life, and AD&D monthly benefit 90 days after the start of your disability.
insurance for yourself up to 5 times your annual salary LTD works with Social Security—and any other group
with a maximum benefit of $500,000. If you purchase disability coverage—to provide you with a combined
Voluntary Life insurance when you are first eligible, you monthly benefit equal to 60% of the monthly salary you
can obtain a guarantee issue up to 3 times your annual were earning as an active employee, up to $10,000 per
salary or $100,000 (whichever is less) of coverage month.
without providing evidence of insurability.
You may also elect the following coverage for your spouse
and children. Must accompany employee coverage.
• Spouse: Up to 50% of the employee’s elected
amount, not to exceed $250,000 (inclusive of
Voluntary AD&D), with a guarantee issue up to
$50,000. (At initial eligibility period only)
• Child(ren): Up to $10,000 (Birth to age 6 months -
$250 Benefit Amount)
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