Page 8 - Bobit Benefit Guide 2018 FINAL

Benefits

Life and AD&D Insurance CIGNA

Basic Life and AD&D
Life insurance protects family or other beneficiaries in the event of the associate's death while still actively employed with the
Company. Bobit Business Media pays for coverage in the amount of one times annualized salary/commissions up to a maximum of
$100,000 (rounded to the next $1,000). If death is due to a covered accident or injury, the beneficiary(ies) will receive an additional
amount through Accidental Death and Dismemberment (AD&D) coverage. Benefits reduce by 35% at age 65 and an additional 15%
at age 70 (with no rounding).

Supplemental Life
In addition to the basic life insurance provided by BBM, eligible Associates may elect to purchase supplemental term life insurance
at group rates. This coverage is paid with after‐tax dollars through convenient payroll deductions. Associates may elect additional
life insurance equal to one times annualized salary/commissions up to $160,000. Benefits reduce by 35% at age 65 and an
additional 15% at age 70 (with no rounding).

Short Term Disability (STD) CIGNA

This voluntary Short Term Disability (STD) insurance provides income replacement for covered associates who become totally
disabled due to illness or injury. Following a 14-day waiting period after the start of illness or injury, benefits would begin and
continue for a maximum of 11 weeks. Benefits are tax-free, as coverage is paid with after-tax dollars via convenient payroll
deductions.

Associates working in CA, NJ, NY, RI, or HI (or Puerto Rico): You pay for all or a portion of a state-provided disability insurance
program via payroll taxes. You may supplement your state program via this voluntary STD coverage which would provide
an additional 15% of your pre-disability salary (up to max benefit of $1,000/week).

All other associates: You do not pay for a state disability insurance program, as none exists. This voluntary STD coverage would
provide 60% of your pre-disability salary (up to max benefit of $2,500/week).

Long Term Disability (LTD) CIGNA

Core Long Term Disability
Bobit Business Media provides this Long Term Disability (LTD) income replacement policy for when covered Associates are disabled
for an extended period of time. If the associate becomes totally disabled, benefits may begin 180 days after the start of illness or
injury and may continue until normal retirement age. Long Term Disability coordinates with State Disability, Social Security, and any
other group disability coverage to provide Associates with a combined monthly benefit equal to 50% of pre‐disability earnings to a
maximum of $2,000 a month.

Buy-Up Long Term Disability
For Associates desiring additional LTD coverage, Bobit Business Media offers the opportunity to buy-up to enhanced income
replacement coverage. Benefits would begin only 90 days after the start of the illness or injury causing total disability (rather than
180 days). The core and buy‐up LTD plans combine to provide a monthly benefit equal to 60% of pre‐disability earnings to a
maximum of $8,000 a month. Coverage is paid with after-tax dollars through convenient payroll deductions.

Wellness Initiatives Program

Healthy eating, exercise and routine check‐ups greatly reduce escalated medical conditions such as diabetes, heart disease and
other illnesses. As this is so important we have established the Wellness Initiatives Program. The two components of this program
are Biometric screening tests and an online Health Risk Assessment (HRA) tool, to help Associates uncover their potential health
risks and gain recommended positive steps to control specific risks. Tests are offered once a year and may result in a contribution
discount.

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