2024-BenefitsGuide-V16-Final

Life and Accidental Death & Dismemberment Benefits

BASIC LIFE AND AD&D COVERAGE Reliance Rewards provides you with Basic Life and Accidental Death and Dismemberment (AD&D) insurance through The Hartford at no cost to you.

All Life/AD&D, and Dependent Life/ AD&D coverage ends the day you terminate employment or retire. Portability and conversion options are available for both Basic and Supplemental Life Insurance, and are provided by The Hartford.

PLAN FEATURES

LIFE INSURANCE

AD&D INSURANCE

• Company Paid • Benefit is $25,000

• Company Paid • Benefit is $25,000

Basic Coverage

• Employee Paid • In increments of $50,000 • Up to the lessor of 5X your salary or • $1,000,000 (rounded down) • Guaranteed Issue* – The lesser of 5 times your annual earnings or $250,000 • Evidence of Insurability** – For supplemental life amounts in excess of the lesser of 5 times your annual earnings or $250,000 • See chart below for rates • Employee Paid • In increments of $25,000 • Up to the lessor of $250,000 or 50% of your supplemental coverage • Guaranteed Issue* – $50,000 • Evidence of Insurability** – For supplemental life amounts in excess of $50,000 • See chart below for rates

• Employee Paid • In increments of $50,000 • Up to the lessor of 10X your salary or $1,000,000 (rounded down) • Monthly Rate: $0.025 per $1,000

Supplemental Coverage – Employee

• Employee Paid • In increments of $25,000 • Up to the lessor of $250,000 or 50% of your supplemental coverage • Monthly Rate: $0.04 per $1,000

Supplemental Coverage For Your Spouse/Domestic Partner

• Employee Paid • 10% of your coverage amount (if spouse is covered) • 15% of your coverage amount (if spouse is not covered • Above amounts are per child, up to • $50,000 per child • Monthly Rate: $0.04 per $1,000 per child

• Employee Paid • Coverage is $10,000 per child • Monthly Rate: $0.056 per $1,000 per child

Supplemental Coverage For Your Child(ren)

*Available to first-time eligible employees or spouse/domestic partner only **Required for any election increases for existing employees or spouse/domestic partner

16