Page 8 - Kagan Benefit Guide Out of CA.pub
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Benefits
Life and AD&D Insurance
Principal and Anthem | Basic Life and AD&D Insurance
Life insurance protects your family or other beneficiaries in the event of your death while you are s ll ac vely employed with the
company. Kagan pays for coverage, offered through Principal and Anthem, in the amount of $35,000. If your death is due to a
covered accident or injury, your beneficiary will receive an addi onal amount through Accidental Death and Dismemberment
(AD&D) coverage.
Unum Voluntary Life and AD&D Insurance
In addi on to the company provided Basic Life and AD&D benefits, you may elect to purchase addi onal Term Life and AD&D
insurance at discounted group rates provided by Unum. You pay for this coverage with a er‐tax dollars through convenient payroll
deduc ons.
Team Member
You may purchase coverage for yourself in increments of $10,000 up to a maximum benefit of $500,000, not to exceed 5 mes
your annual salary.
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 benefit of $500,000 and may not exceed your team member elec on.
Child(ren)
If you buy coverage for yourself, you may also purchase coverage for your eligible dependent child(ren) in the following amounts:
Age: 6 months to 26: Flat $10,000. Live birth to 6 months: Flat $1,000
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 ini al eligibility period (upon hire). Guarantee issue is available in the following amounts:
Team member = $80,000
Spouse = $25,000
Child(ren) = En re benefit amount
If you are no longer in your ini al eligibility period, you may enroll in Voluntary Life and AD&D insurance any me 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 ques onnaire
and are subject to insurance carrier approval. Unum may approve or decline coverage based on a review of your health history.
Disability Insurance
Unum| Voluntary Short Term Disability Insurance
Kagan offers you Short Term Disability (STD) to provide income replacement if you become disabled due to accident, sickness or
pregnancy, through Unum. If you experience a temporary disability, benefits begin either 7 days or 30 days a er the start of your
accident, sickness or pregnancy. If you meet the defini on of disability, you would be eligible to receive a weekly benefit equal to
20% of your weekly earnings, to a maximum of $1,386 per week. This benefit is not offset by any State Disability benefit.
Unum | Voluntary Long Term Disability Insurance
Kagan offers you Long Term Disability (LTD) to provide income replacement if you become disabled for an extended period of me,
through Unum. If you become totally and permanently disabled, benefits begin 360 days a er the start of your illness or injury.
LTD works with state disability programs, Social Security, and any other group disability coverage, to provide you with a combined
monthly benefit equal to 60% of your pre‐disability earnings up to a maximum benefit of $6,000 per month.
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