TradeGlobal Hourly Non-Exempt

LONG TERM DISABILITY INSURANCE

TradeGlobal provides Voluntary Long Term Disability insurance to all full-time employees working 30 or more hours per week. The chart below provides an overview of the plan.

What is Long Term Disability (LTD)? LTD insurance provides you with a monthly cash benefit to help you pay your bills if a covered disability prevents you from working for an extended period of time.

Long Term Disability

Benefit % of Monthly Covered Payroll

60%

Monthly Maximum

$6,000

Elimination Period

90 days

Benefit Duration

Normal Social Security Retirement Age

Monthly Rate per $100 of Covered Payroll

LONG TERM DISABILITY COST CALCULATION PER PAY PERIOD:

AGE

_____________________ Monthly pay** (annual pay divided by 12) /100 X ____________________ Monthly Rate (from chart) = ____________________ Approximate monthly premium x12 /48 = ____________________ Approximate Per Pay Period Cost

<29

$0.33

30-34

$0.33

35-39

$0.46

40-44

$0.68

45-49

$1.08

50-54

$1.52

55-59

$1.70

**Total monthly pay cannot exceed $10,000. Monthly benefit amount is 60% of monthly pay (up to $6,000)

60-64

$1.16

65+

$1.16

11

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