Page 9 - BNDS EE Guide 19

BENEFITS

Life/AD&D Insurance

Guardian | Voluntary Life/AD&D Insurance
In addition to the company provided Basic Life and AD&D benefits, you may elect
to purchase additional Term Life/AD&D insurance at discounted group rates pro-
vided by Guardian. If elected, you pay for this coverage with after-tax dollars Choosing a Beneficiary
through convenient payroll deductions.
A beneficiary is a person or entity who
Employee you designate to receive your death
benefits. Choosing a beneficiary and
You may purchase coverage for yourself in increments of $10,000 from $20,000 keeping your beneficiary up-to-date is
minimum up to a maximum benefit of $300,000. Please note the benefits reduc- an essential part of owning life
tions at ages 70 and 75. insurance. Please remember to review
Spouse your beneficiary designation as new
situations arise, such as the birth or
If you buy coverage for yourself, you may also purchase coverage for your eligible adoption of a child, marriage, or
spouse. Benefits for your spouse are available in increments of $5,000 to a maxi- divorce. You may call the Human
mum benefit of $150,000 and may not exceed 50% of your employee election. Resources Department for a copy of
Please note the benefits reductions at ages 70 and 75. the Beneficiary Designation Form as
Child(ren) needed.

If you buy coverage for yourself, you may also purchase coverage for your eligible
dependent child(ren) in the following amounts: $1K, $5K or $10K and may not
exceed 50% of your employee election.

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 in the following amounts:
• Employee: Less than age 65: $50,000; 65-59: $50,000; 70+: $10,000. An Additional can be obtained with a "No" response to
the Health questions (Health History Page 3 of Guardian enrollment form—see Kelley Mack for assistance)
• Spouse: $30,000
• Child(ren): Entire benefit amount

If you are no longer in your initial eligibility period, you may enroll in 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. Guardian may approve or decline coverage based on a review of your health history.

California State Disability (SDI)

If you experience a Short Term Disability claim, you are eligible for benefits provided by the state. California State Disability
Insurance (SDI) is a partial wage-replacement insurance plan for California workers. The SDI program is state-mandated and
funded through employee payroll deductions. SDI provides short term benefits to eligible workers who suffer a loss of wages
when they are unable to work due to a non-work-related illness or injury, pregnancy, or childbirth. For more information on
eligibility, benefit amounts, and instructions on how to file a claim for the SDI program please visit the EDD website at
www.edd.ca.gov.

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