PR - 4.2024 Employee Benefits Guide (FINAL)

You have the option to obtain Supplemental Life and AD&D Insurance from MetLife. You pay the cost of the coverage and receive the benefit at a group rate . You may also elect coverage for your spouse and dependent children only if you elect coverage for yourself . Eligibility: All active full-time employees working at least 30 hours per week. Evidence of Insurability is required for any amount of coverage applied for more than 31 days after you are first eligible for coverage or any amount over guaranteed coverage amount.

DEPENDENT CHILDREN

BENEFIT

EMPLOYEE

SPOUSE

Benefit Amount

Flat amount $1,000; $2,000; $3,000 $4,000, $5,000 or $10,000

5 times (5x) annual salary in increments of $10,000

Increments of $5,000

Minimum Benefit Amount

$10,000

$5,000

$1,000

Maximum Benefit Amount

The lesser of 100% of the Employee amount or $100,000

$500,000

$10,000

Guaranteed Coverage Amount*

$100,000

$25,000

$10,000

65% of original benefit when employee turns age 65 50% of original benefit when employee turns age 70

Reduction of Benefits Schedule** 65% of original benefit at age 65 50% of original benefit at age 70

Termed at age 26

Available

Available

Available

Portability

Available

Available

Available

Conversion

SPOUSE AND DEPENDENT COVERAGE ONLY AVAILABLE IF EMPLOYEE COVERAGE IS ELECTED

*Guarantee Coverage Amount only applies to new hires who are electing this benefit for the first time. For those employees who elect an amount that exceeds the guarantee coverage amount, MetLife will require an statement of health form and could require additional medical assessment prior to approving coverage. This exam will be paid for by MetLife.

**Age reduction benefit at the end of the calendar year they reach 65 or 70.

For assistance members contact MetLife.com 800.GETMET8 (800.438.6388)

For addi Ɵ onal plan informa Ɵ on, please refer to your detailed plan design. In the event of a discrepancy, the carrier Plan Document shall prevail.

QUESTIONS? Call Bene fi tsVIP at 866.293.9736

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