Life and AD&D Insurance
Life insurance provides your named beneficiary(ies) with a benefit in the event you should pass away.
Accidental death and dismemberment (AD&D) insurance provides specified benefits to you in the event of a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye).
In the event that your death occurs due to a covered accident, both the life and the AD&D benefit would be payable.
Basic Life and AD&D
This company-paid benefit is provided at no cost to you. The benefit amount is equal to one-times your annual base salary, up to $500,000 maximum.
Supplemental Life and AD&D
If you determine you need more than the basic coverage, you may purchase additional coverage through Unum for yourself and your eligible family members. You can purchase coverage for your family members whether or not you purchase coverage for yourself.
Employee | Spouse | Child(ren) | |
---|---|---|---|
Life Benefit Options | $10,000 increments | $5,000 increments | Under 15 days: $100 15 days-6 months: $1,000 Over 6 months: $10,000 |
Life Coverage Max. | 6x salary or $1,000,000 | $100,000 (not to exceed 50% of employee amount) | $10,000 |
Life Guaranteed Issue* Amount | $150,000 | $25,000 | $10,000 |
AD&D Benefit Options | $10,000 increments | $5,000 increments | $1,000 increments |
AD&D Coverage Max. | 10x salary or $1,000,000 | $100,000 | $10,000 |
*During your initial eligibility period only, you can receive coverage up to the Guaranteed Issue amounts without having to provide Evidence of Insurability (EOI, or information about your health). Coverage amounts that require EOI will not be effective until approved by the insurance carrier.
Disability Insurance
Disability insurance provides benefits that replace part of your lost income when you are unable to work due to a covered non-occupational injury or illness.
Short-Term Disability (STD) | |
---|---|
Who Pays | Clearway |
Benefit Percentage | Week 1: Employee PTO Weeks 2-9: 100% Weeks 10-26: 75% |
Weekly Maximum | $10,500 |
Benefits Begin | 8th day of accident / 8th day of illness |
Max. Duration | 26 weeks |
LONG-TERM DISABILITY - BASE | |
Who Pays | Clearway |
Benefit Percentage | 50% |
Monthly Maximum | $12,000 |
Benefits Begin | 180 days or end of STD |
Max. Duration | Social Security Retirement Age |
LONG-TERM DISABILITY - BUY-UP | |
Who Pays | Employee |
Benefit Percentage | 60% |
Monthly Maximum | $12,000 |
Benefits Begin | 180 days or end of STD |
Max. Duration | Social Security Retirement Age |