Page 9 - MMI Benefit Guide 2018 FINAL

Benefits

Life and Accidental Death & Dismemberment (AD&D)

Insurance
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.

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 in Voluntary Life 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. Lincoln Financial Group may approve or decline coverage based on a review of your health history.

If you are already enrolled in the Voluntary Life you are eligible to elect 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 $5,000, $10,000 or $20,000. Full guaranteed issue.

Short Term Disability Insurance
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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