2023 | VEO Employee Benefit Guide

BASIC LIFE AND AD&D PLAN

• Basic life insurance coverage provides important financial protection in the event of your death. • AD&D insurance coverage provides protection in the event of accidental death, loss of hands, feet and/or vision. • VEO provides eligible employees with coverage through Hartford at no cost to you. • The benefit for National staff is equal to 1 times your basic annual earnings, up to a maximum life benefit of $250,000. • The AD&D benefit is equal to the life benefit. • If you are age 65 or older, your benefits are reduced by the below schedule: • 65 but less than 66: 90% • 66 but less than 67: 80% • 67 but less than 68: 70% • 68 but less than 69: 70% • 69 or older: 50% • In order to elect coverage for your spouse or children, you must elect life insurance for yourself. • You can buy any amount of life insurance in $5,000 increments, up to 5x your salary, to a max of $500,000 for you. • You can purchase life insurance for your spouse in increments of $5,000 up to $100,000. The amount you elect for your spouse cannot exceed your voluntary life insurance election. • You can purchase a $10,000 policy for your children (birth to age 19 or 26 if FT student). • For current employees making first time elections, of any amount, for yourself or spouse, you will need to provide proof of good health. • Election changes are permitted only with an applicable Life Event Change or during open enrollment. Any increases in coverage will require proof of good health. • For new hires electing voluntary life insurance, elections over $250,000 will need to provide proof of good health. • For new hires electing spousal life insurance, elections over $50,000 will need to provide proof of good health.

VOLUNTARY EMPLOYEE AND DEPENDENT LIFE PLAN

For additional information, please refer to your detailed plan summary. In the event of a discrepancy, the carrier Plan Document shall prevail.