LIFE & DISABILITY BENEFITS
BASIC LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT ( AD & D ) INSURANCE
To help you protect your family , The Suquamish Tribe offers basic life and accidental death and dismemberment insurance that is fully paid for by The Suquamish Tribe .
Benefit Amount
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Life Insurance Accidental Death & Dismemberment
Life / AD & D
$ 50,000 $ 50,000
Benefits Begin to Reduce at Age : 70
WHEN YOU FIRST ENROLL
When you first enroll in life insurance benefits , you will need to designate a beneficiary who would receive the benefits in the event of your death . You may change or update your beneficiary at any time .
LONG-TERM DISABILITY ( LTD ) COVERAGE
When you cannot work for an extended period of time , an LTD plan can help cover a portion of your pre-disability earnings . For an approved , non-work related illness or injury , LTD benefits usually begin after the STD plan has ended , if enrolled .
Long-Term Disability
Monthly Benefit Amount 60 % of base monthly earnings * Maximum Monthly Benefit Elimination Period
$ 6,000 ( Seafoods ); $ 5,000 ( Non-Seafoods )
90 days
Benefit Duration SSNRA / ADEA 1
IMPORTANT
Restrictions and limitations apply to these benefits . Please review the insurance booklet or certificate for complete details .
Definition of Disability
Own occupation for 24 months
Pre-existing condition wait periods apply .
* Non-Seafoods employees have two choices regarding the taxability of your long term disability benefit . You may choose a taxable benefit , which means your employer pays 100 % of the premium and your benefit amount would then be subject to income tax , in the event of a claim .
Alternatively , you may choose a non-taxable benefit , which means your employer still pays 100 % of the premium but you pay tax on that small amount of premium . Your benefit amount would then be non-taxable and you would receive the full 60 % benefit in the event of a claim .
Prepared by Gallagher for the Employees of The Suquamish Tribe 17