Term Life Insurance
A basic term life insurance plan equaling 1 1/2 times your annual salary is provided after a 30 day waiting period. Accidental Death and Dismemberment (AD&D) is also provided as part of the basic life plan. The premium is paid by the company.
Supplemental Term Life Insurance
Eligible employees can purchase additional coverage by enrolling in a portable term life insurance program. Coverage amounts are available from $20,000 to $500,000, with a guarantee issue of $50,000 without providing proof of good health. Additional coverage may be purchased for your spouse and children.
Long Term Disability
A long term disability benefit plan is provided to ensure a continuing income for employees who are disabled for more than 90 days and unable to work. The plan pays 60% of your income for the duration of the disability. The premium is company paid.
Voluntary Short Term Disability
Your benefit is 60% of your basic weekly earnings up to a $1000 maximum. Benefits begin on the 15th day of disability. Premium amounts vary according to age and amount of coverage. This benefit is offered through payroll deduction.
Business Travel Accident Insurance
This plan provides 24-hour protection of accidental bodily injury resulting in death, dismemberment, loss of sight, speech, and hearing while traveling on company business. Coverage is effective on the first day of employment. Benefits are paid at two times your annual salary. The premium is company paid.
|
