Employer Paid Benefits
Basic Life and AD&D Insurance
Life and accidental death and dismemberment (AD&D) insurance is an important element of your income protection planning. For your peace of mind, Big Red F provides basic life and AD&D insurance to all eligible employees AT NO COST through New York Life. Benefits reduce to 65% at age 65 and to 50% at age 70.
- Employee life benefit: $25,000
- Employee AD&D benefit: $25,000
Long-Term Disability Insurance
Big Red F provides long-term disability (LTD) insurance to eligible employees AT NO COST through New York Life. LTD insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury.
- Benefit amount: 60% of salary up to $10,000 per month
- Elimination period: 90 days
- Benefit duration: If disabled before age 60, two years own occupation, then any occupation to age 65; if disabled after age 60, refer to official plan documents