Life Insurance and Long-Term Disability
PNWU Life Insurance and Long-Term Disability
Life insurance and long term disability is provided to eligible employees at no cost through UNUM.
| Life Insurance | |
| Life Insurance | 1x Base Annual Earnings |
| Accidental Death Dismemberment | 1x Base Annual Earnings |
| Benefit Maximum | $100,000 |
| Guarantee Issue | $100,000 |
| Benefits Reduce | 35% at age 70; |
| 70% at age 75; | |
| terminates at retirement | |
| Accelerated Benefit Provision | Included |
| Long-Term Disability | |
| Monthly Benefit Amount | 60% of Basic Monthly Earnings |
| Maximum | $6,000 |
| Minimum Monthly Benefits | Greater of $100 or 10% |
| Elimination Period | 90 days |
| Benefit Duration | To age 65 SSNRA |
| Definition of Disability | 80/80% Earnings Test, own occupation to age 65 SSNRA/ADEA |
| Definition of Earnings | Base Salary |
| Pre-Existing Condition Limitations | 3 month look back/12 month wait |
| 24-Month Benefit Limitations | Applies to mental illness and self-reported conditions |
| Partial Disability | Included |