Page 15 - MCU Benefits Guide

Long Term Disability

Provided by Unum
 This benefit is 100% paid for by Members Credit Union.
 Benefit amount is 60% of insured’s monthly earnings to a maximum of $6,000 per month.
 Greater of $100 benefit or 10% of salary.
 Elimination period of 90 days applies (no benefits paid during this time).
 Maximum benefit period is to age 65 or Social Security Normal Retirement Age (SSNRA).
 Definition of disability is 24 Months Regular Occupation.
 Policy includes a 3 month look back for pre-existing conditions and disabilities that occur
within the first 12 months, due to the pre-existing conditions, are excluded.

Salary Continuation
Provided by MCU

MCU will provide a benefit equal to 66 2/3% of your salary, after you have exhausted all available
PTO and vacation time, for a period of up to 90 days at which time the LTD product will go into
effect. The elimination period of 5 days applies. This benefit is provided to employees of MCU at
no cost.

Whole Life

Unum offers Whole Life Insurance. This benefit is paid for 100% by the employee through payroll
deductions. Unum’s whole life protection offers protection beyond an individual’s working years
and potentially lifetime. With a guaranteed death benefit that will never decrease, level premiums
that will never increase, cash value accumulation, living benefits and other options, Whole Life goes
beyond typical term life insurance. All amounts are Guarantee Issue.

You have two choices as employee only of either $13.00 or $19.50 per pay period. Spouse
coverage cost is $6.50 per pay period. Child term Life is $10,000 up to age 25 and then the option
to purchase as a Whole Life policy at 5 times the rider amount. Per pay period cost is $2.49.
Please note: Request to purchase dependent life must be received by Unum in writing within 30
days of the dependent aging off the policy.

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