Life Insurance and Disability Income Protection

Life/AD&D Insurance      Employer Paid - Great West Life

MHCD provides each employee with a life insurance benefit equal to their annual salary ($100,000 maximum) at no cost to the employee.

Life Insurance      Voluntary - US Life

• Each employee is able to purchase life insurance for themselves and their dependents through United States Life Insurance Company.
• Each employee is eligible to purchase 5x their annual salary ($300,000 maximum) in life insurance for themselves and their spouse.
• Employees may elect to purchase $2,500, $5,000, $7,500, or $10,000 for their dependent children.
• All life insurance policies over $10,000 are medically underwritten.
  

Disability/Income Protection Plans      Employer Paid, Jefferson Pilot

• MHCD provides, at no cost to the employee, a disability program (income protection).
• The plan provides both short-term and long-term benefits.
  

Life/AD&D Insurance      Employer Paid - Great West Life

MHCD provides each employee with a life insurance benefit equal to their annual salary ($100,000 maximum) at no cost to the employee.

Life Insurance      Voluntary - US Life

• Each employee is able to purchase life insurance for themselves and their dependents through United States Life Insurance Company.
• Each employee is eligible to purchase 5x their annual salary ($300,000 maximum) in life insurance for themselves and their spouse.
• Employees may elect to purchase $2,500, $5,000, $7,500, or $10,000 for their dependent children.

All life insurance policies over $10,000 are medically underwritten.

Disability/Income Protection Plans       Employer Paid, Jefferson Pilot

• MHCD provides, at no cost to the employee, a disability program (income protection).
• The plan provides both short-term and long-term benefits.

Short-Term Disability (STD) Benefit Summary

• 60% of your monthly salary with a $1,250 maximum monthly benefit
• 30-day qualification period: you must be disabled for 30 days before you can receive a benefit
• Maximum benefit period of nine 9 weeks after qualification period

Long-Term Disability (LTD)Benefit Summary

• 60% of your monthly salary with a $5,000 maximum monthly benefit
• 90-day qualification period: you must be disabled for 90 days before you can receive a benefit
• Coverage to age 65
• 3-month survivor benefit

Short-Term Disability (STD) Benefit Summary

• 60% of your monthly salary with a $1,250 maximum monthly benefit
• 30-day qualification period: you must be disabled for 30 days before you can receive a benefit
• Maximum benefit period of nine 9 weeks after qualification period
  

Long-Term Disability (LTD)Benefit Summary

• 60% of your monthly salary with a $5,000 maximum monthly benefit
• 90-day qualification period: you must be disabled for 90 days before you can receive a benefit
• Coverage to age 65
• 3-month survivor benefit