LIFE AND DISABILITY BENEFIT
Mother offers Life Insurance as well as Long Term Disability. These are benefits that are employee paid, not paid by your employer. The employer paid life insurance benefit is 2 times employee annual earnings not to exceed $300,000. It is extremely important to designate a beneficiary for this benefit. If you have not done so before or if you have a life-event, this is a reminder to update your spouse or children. The employer paid long term disability benefit, otherwise known as paycheck protection in the event an employee is not able to work, employees will receive 60% of earnings up to a maximum of $15,000/month. The elimination, or waiting period, is 90 Days. This is the length of time of continuous disability which must be satisfied before eligibility to receive benefits.
23
MOTHER BENEFITS GUIDE
LIFE AND DISABILITY I
23
Made with FlippingBook - Share PDF online