Page 12 - Marcus & Millichap Benefit Guide 2019-2020 (revised 01.02.2020)

Life Insurance and Disability Insurance Benefits

SOAs, LAs and SIPs are not eligible for this coverage

Lincoln Financial Group | 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. Marcus & Millichap pays for coverage, offered through Lincoln Financial Group, in the amount of 1x your
annual base salary to a maximum benefit of $200,000. 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.
Included in the Basic Life are these additional benefits:
• LifeKeys - Online will & testament preparation service, identity theft resources and beneficiary assistance support for all
employees and eligible dependents covered under the Group Term Life and/or AD&D policy.
• TravelConnect - Travel assistance services for employees and eligible dependents traveling more than 100 miles from
home.

Lincoln Financial Group | Voluntary Life and AD&D
In addition to the company provided Basic Life and AD&D benefits, you may elect to purchase additional Term Life/AD&D
insurance for yourself, spouse and Life only for dependent children at discounted group rates provided by Lincoln Financial
Group. You pay for this coverage with after-tax dollars through convenient payroll deductions. Note that age reductions
apply.

You may purchase coverage for yourself in increments of $10,000 up to a maximum benefit of $500,000, not to exceed 5
times your annual base salary.

Guarantee issue is a pre-approved amount of coverage that does not require you to provide proof of good health, and is
available to you during your initial eligibility period (upon hire). Guarantee issue is available to you in the amount of
$150,000. If you are no longer in your initial eligibility period, you may enroll anytime during the year as long as you provide proof of
good health. You will be asked to complete a health questionnaire and are subject to insurance carrier approval.

• If you are already enrolled in the Voluntary Life you are eligible to elect up to an additional $20,000 each year at open
enrollment without health questions.
• For your spouse, coverage is available in increments of $5,000 up to $250,000, not to exceed 50% of the employee’s
elected amount. The guaranteed issue is $30,000.
• For your dependent child(ren), Life only coverage is available in increments of $5,000, $10,000 or $20,000. Full
guaranteed issue.

Short Term Disability Insurance Benefits

SIPs are not eligible for this coverage

Lincoln Financial Group | Voluntary Short Term Disability Insurance

Marcus & Millichap offers you the opportunity to purchase Short Term Disability (STD) through Lincoln Financial Group to
provide income replacement if you become disabled due to accident, sickness or pregnancy. If you experience a temporary
disability, benefits begin 8 days after the start of your accident, sickness or pregnancy.
• The voluntary STD benefit for CA, NY and NJ employees is a Non-Integrated Plan Design. Meaning, that the benefit will
not be reduced by any amounts employees receive for state SDI, Social Security, etc. The benefit is equal to 30% of your
pre‐disability earnings up to a maximum benefit of $2,500 per week.
• The voluntary STD benefit for Non CA, NY and NJ employees is equal to 60% of your pre-disability earnings up to a
maximum benefit of $3,000 per week.

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