Page 8 - Dynacraft Benefit Summary 2020_Executives

Benefits

Life and AD&D Insurance

Principal Financial | Basic Life and AD&D Insurance
Life insurance protects your family or other beneficiaries in the event of your death while you are still actively employed with the
company. Dynacraft offers this plan through Principal at no cost to you. The Life benefit is in the amount of a flat rate of $25,000. 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) coverage.

Principal Financial | Voluntary Life and AD&D Insurance

In addition to the company provided Basic Life and AD&D benefits, you may elect to purchase Voluntary Term Life and AD&D
insurance at group rates provided by Principal. You pay for this coverage with after-tax dollars through convenient payroll
deductions.

Employee
You may purchase Voluntary Life insurance coverage for yourself in increments of $10,000 up to a maximum of $300,000. Guaran-
tee issue is available for new hires during the initial eligibility period for an amount of $100,000. If you have previously declined to
enroll in the Voluntary Life but are interested in enrolling now, please note, that your enrollment will be subject to medical under-
writing.*
Spouse
If you buy coverage for yourself, you may also purchase coverage for your eligible spouse. Benefits for your spouse are available in
increments of $5,000 to a maximum of $100,000 and may not exceed 100% of your employee election. If you elect this benefit
during your initial eligibility period (upon hire), you will not have to complete the health statement, except for amounts that ex-
ceed the guarantee issue amount of $20,000.
Child(ren)

If you buy coverage for yourself, you may also purchase coverage for your eligible dependent child(ren) in the following amounts:
Age: 0 to 14 Days: Flat $1,000. 14 Days and older: Flat $5,000 or $10,000.

*You may enroll for Voluntary Life and AD&D insurance anytime during the year as long as you provide proof of good health. To
provide proof of good health, you will be asked to complete a health questionnaire and are subject to insurance carrier approval.

Supplemental Benefits

Aflac | Supplemental Insurance
You may purchase individual policies from Aflac including Disability, Accident, Cancer, Life, Coronary and Maternity Insurance. The
average cost of the plans range between $5 and $10 per week. Aflac policies offer direct-to-the-policyholder cash payouts to help
cover what other insurance doesn’t. All of the Aflac individual policies are portable, which means that you can keep them should
you change jobs or retire, with no increase in premiums. If you would like to add or change any of your current elections, now is
the time to do so!

Enrolling in Voluntary Plans
Contact Robert Heslep at (770) 789-0779 or Robert_heslep@us.aflac.com