Page 25 - Realty One Benefits Guide CA

VOLUNTARY LIFE VOLUNTARY PRODUCTS

In addition to the company provided Basic Life and AD&D You may purchase voluntary plans from MetLife including
benefits, you may elect to purchase additional Term Life Hospital Indemnity, Critical Illness, Accident Insurance, and
insurance at discounted group rates provided by MetLife. If Auto & Home. Voluntary Products offer direct-to-the policyholder
elected, you pay for this coverage with after-tax dollars through cash payouts to help cover what other insurance doesn’t. All of
convenient payroll deductions. these plans are portable, which means that you can keep them
should you change jobs or retire, with no increase in premiums.
Employee: You may purchase coverage for yourself in increments
of $10,000 up to a maximum benefit of $500,000, not to exceed PET INSURANCE
5 times your annual salary.

With the VPI Pet Insurance reimbursement plan, you can visit any
Spouse: If you buy coverage for yourself, you may also purchase licensed veterinarian, veterinary specialist or animal hospital in
coverage for your eligible spouse. Benefits for your spouse the United States. To receive reimbursements through VPI, fax
are available in increments of $5,000 to a maximum benefit of or mail their easy-to-use claim form along with your invoices.
$100,000 and may not exceed 50% of your employee election. After meeting your policy’s deductible, you will be reimbursed
according to your plan’s benefit schedule allowance or the
Child(ren): If you buy coverage for yourself, you may also invoice amount, whichever is less. If elected, you will own this
purchase coverage for your eligible dependent child(ren). policy and pay premiums to VPI directly.
Benefits for your child(ren) are available in increments of $2,000 /EMPLOYEE-PAID BENEFITS
to a maximum benefit of $10,000 and may not exceed 50% of
your employee election. 401(K)

Guarantee issue is a pre-approved amount of coverage that You are encouraged to participate in Realty ONE Group’s
does not require you to provide proof of good health, and is 401(k) plan. This plan allows you to fund for your retirement
available to you during your initial eligibility period (upon hire). with pre-tax dollars. You can defer up to 100% of your earned
Guarantee issue is available in the following amounts: compensation or the annual IRS benefit maximum. If you are
• Employee: $150,000 50 years old or older during the plan year, you may contribute
• Spouse: $25,000 a catch-up deferral up to the IRS benefit maximum. Eligibility
• Child(ren): $10,000 to begin employee deferrals into the 401(k) Plan becomes
effective on the first day of the month following 3 full months
If you are no longer in your initial eligibility period, you may of service. As Realty ONE Group’s 401(k) Plan has an automatic
enroll in Voluntary Life insurance anytime during the year as long enrollment provision, if you do not select your investment funds
as you provide proof of good health. To provide proof of good and deferral amount in advance of your eligibility date, you will
health, you will be asked to complete a health questionnaire and be automatically enrolled in Realty ONE Group’s 401(k) Plan
are subject to insurance carrier approval. MetLife may approve with a 3% deferral amount investment in a target date fund
or decline coverage based on a review of your health history. related to your retirement year.

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