Voluntary Life And Disability
Voluntary Life, Short-Term & Long-Term Disability, Accident and Critical Illness coverage are available to you and your eligible dependents. However, team members must have coverage in order for their spouse and children to obtain coverage.
You pay 100% of the costs for voluntary life and short-term disability benefits, and 50% of the cost of long-term disability. You can get a custom quote from the respective providers.
Voluntary Life Insurance
You may elect Voluntary Term Life insurance for yourself, your spouse and dependent children. All amounts above the Guarantee Issue must be approved by Guardian. It is your responsibility to complete the required forms.
Voluntary Life Highlights
| Life Benefit | Employee | Spouse | Child |
|---|---|---|---|
| Increments | $10,000 | $5,000 | $1,000 |
| Maximum | $500,000 | $250,000 | $10,000 |
| Limitations | — | Up to 100% of employee's approved amount | Up to 100% of employee's approved amount |
| Guaranteed Issue* | $100,000 | $25,000 | $10,000 |
| Evidence of Insurability | Required for late entrants and benefit increases over the guarantee issue amount or outside of the initial enrollment period. |
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| * The Guaranteed Issue amount is available to employees at their initial enrollment only. |
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Voluntary Life Rate Chart
15 days to age 26 | Per $1,000 of Coverage |
50% at age 70, 75% at age 75, 85% at age 80 |
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Voluntary Life Insurance
Benefit Summary
Why Do I Need Life Insurance?
Ask yourself this: In the event of my death, how would my family …
Pay final expenses?
Pay off debt?
Pay for daily living expenses (housing, food, bills, etc.)?
Replace my income?
Maintain financial stability?
Voluntary Short-Term Disability
Short-Term Disability (STD) insurance provides income protection when you are unable to work due to a non-work-related illness or injury. STD insurance pays 60% of your regular weekly earnings up to a maximum of $1,500 per week. There is a seven-day elimination period, after which benefits may be paid for up to 13 weeks. PT Solutions pays 50% of the Short-Term Disability premium
- No Evidence of Insurability (EOI) required for STD.
by Age | $10 of Weekly Benefit* |
|---|---|
| $0.67 |
Premium Calculation Example:
$30,000 annual earnings, age 34
$30,000/52 = $577/week
$577/week * 0.60 = $346.20 max
Cost
$346.20/wk * 0.67/10=$23.20/mo
*If you apply outside your initial eligibility period or request to increase your coverage above the guaranteed issue amount, Evidence of Insurability (EOI) and insurance company approval will be required.
Voluntary Short-Term Disability
Benefit Summary
Voluntary Long-Term Disability
Long-Term Disability (LTD) Insurance provides continuing income protection if you are disabled for more than 90 days. LTD insurance pays 60% of your basic monthly salary up to $4,500 per month. LTD benefits are offset by Social Security, worker’s compensation, or retirement plan benefits, if applicable. PT Solutions pays 50% of the Long-Term Disability premium.
by Age | Monthly Rate per $100 of Covered Benefit* |
|---|---|
| $0.450 |
Premium Calculation Example:
$30,000 annual earnings, any age
$30,000/12 = $2,500/month
Premium Cost:
$2,500/month * 0.450/100 = $11.25/month
$11.25 * 50% – $5.63 team member monthly cost
$5.63/2 = $2.81 team member cost per pay period
*If you apply outside your initial eligibility period or request to increase your coverage above the guaranteed issue amount, Evidence of Insurability (EOI) and insurance company approval will be required.
Voluntary Long-Term Disability
Benefit Summary
Accident And Critical Illness Coverage
While our medical options provide great coverage for your family’s general health care needs, Accident and Critical Illness plans offer additional protection against unforeseen illness or injuries.
These benefits protect your finances so that you can focus on getting well. You pay the full cost of these coverages through payroll deductions on a post-tax basis.
These plans are portable, so you can take them with you if you leave the company, as long as you continue making premium payments to MetLife.
Voluntary Accident Insurance
The Accident Insurance plan provides benefits to help cover the unexpected costs associated with an accidental injury.
If a covered accident occurs, the Accident plan pays benefits regardless of any other insurance you have. MetLife will automatically send you a check for covered injuries. You decide the best way to spend it.
Examples Of Covered Accidents And Injuries
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- Emergency room and ambulance (ground and air)
- Broken bones and burns
- Tooth crowns and extractions (emergency only)
- Torn ligaments, joint dislocations and ruptured discs
- Cuts repaired by stitches
- Eye injuries
- Concussion
Advantages Of The Plan
-
- Coverage is available to all eligible team members who are actively at work. You can buy coverage for your spouse and dependent children.
- No health questions to answer.
- Benefits are paid for accidents that occur off the job.
- This pays an additional sum if a covered individual has a serious injury, such as loss of sight, hearing or a limb.
- No restrictions on how you spend the benefits you received.
Accident Insurance
Plan Summary
Voluntary Critical Illness Insurance
With Critical Illness Insurance, if you are diagnosed with a covered illness, you get a lump sum cash benefit, even if you receive benefits from other insurance, to help with the extra expenses associated with your recovery. Benefits can be used to help pay your medical plan deductible and coinsurance, or a dream vacation to celebrate your recovery — you decide!
Every covered person also receives a $50 wellness benefit per calendar year for completing certain wellness and preventive services!
Coverage Amounts
- Team member (who is actively at work) — $15,000
- Spouse — $7,500
- Child — $7,500
Examples Of Covered Critical Illnesses*
- Cancer
- Carcinoma in situ (30% benefit available)
- Heart attack
- Major organ failure
- End stage renal (kidney) failure
- Coronary artery bypass surgery
- Stroke
*The Critical Illness plan has a 3/6 preexisting condition limitation, meaning the plan does not cover conditions that were diagnosed or treated during the 3 months prior to the coverage effective date or for the first six months of your Critical Illness plan coverage. Please refer to the plan document for more information.
Critical Illness
Plan Summary
Legal And Identity Theft
MetLife Legal Plan 4.0
For $21.00 a month, you and your dependents can get legal assistance for some of the most common personal legal matters — with no waiting periods, deductibles or claim forms when using a network attorney for a covered matter.
MetLife Legal Plan Flyer
FraudScout
Protect your identity with comprehensive credit monitoring services. MetLife Legal Plans has partnered with Cyberscout, LLC, the nation’s premier provider of identity management services, to give you the most comprehensive identity monitoring and protection service available. Save time, hassle and money with this package of tools and resolution assistance.
FraudScout Flyer
