Group Term Life and Long-term Disability - The Standard
This benefit is paid for by the agency and requires 100% participation by all employees working over 20 hours per work week.
Group Term Life Insurance:
Each employee receives $50,000 of term life insurance and $5,000 on all eligible dependents. Your life insurance amount begins to reduce at age 75.
Accidental Death and Dismemberment Insurance:
Accidental Death and Dismemberment (AD&D) insurance provides specified benefits for a covered accidental bodily injury that directly causes death or dismemberment (e.g., the loss of a hand, foot, or eye), subject to policy limitations.
Long-Term Disability (LTD):
After a 90-day period of total disability, this benefit will pay 60% of your monthly pre-disability earnings up to a maximum of $20,000, and a minimum of $100. A detailed description of this benefit can be found below.
The premiums for this benefit are employer-paid but will be added to your taxable income. By paying tax on your premiums, in the event of a qualifying disability, the benefit would be paid out tax free.
Details:
Please contact Melissa Handley for all Life and LTD claims.