Life and AD&D
Basic Life & AD&D
$10,000 **The Basic Life & AD&D insurance is paid 100% by Detwiler’s Farm Market**
Employee Life
Voluntary Life Insurance
Employee Life
Increments of $10,000 up to $500,000
$200,000 < age 65 $ 50,000 age 65-69 $ 10,000 age 70+ (for timely entrants/ newly eligible employees)
Employee Guarantee Issue
Spouse Life
Increments of $5,000 up to lesser of 50% of employee's amount or $250,000.
Spouse Guarantee Issue $50,000 (for timely entrants/ newly eligible employees)
Dependent Life
$1,000 increments up to lesser of 10% of the employee’s amount or $10,000
AD&D
Included – Equal to life amount
At age 65: 35% reduction At age 70: 60% reduction At age 75: 75% reduction At age 80: 85% reduction
Benefit Reduction Schedule
Disability
Short Term Disability
Detwiler’s Farm Market offers voluntary short term disability (STD) insurance to all active full time employees. The benefit begins on the 15 th day of accident or sickness and pays 60% of your weekly earning to a maximum of $1,250. The benefit will pay up to a maximum of 11 weeks.
The employee pays 100% of the Short Term Disability premium. Refer to the online enrollment system for cost.
Long Term Disability
Detwiler’s Farm Market offers voluntary long term disability insurance to all active full time employees. The benefit starts to pay once the short term disability benefit is exhausted, or after 90 days from the accident or sickness. The benefit pays 60% of your monthly earnings to a maximum of $15,000. The benefit can continue until you are no longer disabled or SSNA (Social Security Normal Retirement Age).
The employee pays 100% of the Long Term Disability premium. Refer to the online enrollment system for cost.
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