Voluntary Plans

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VOLUNTARY LIFE AND AD&D INSURANCE

Earnhardt Management Company provides you the option to purchase voluntary life and AD&D insurance for yourself, your spouse, and your dependent children through Sun Life Financial. You must purchase voluntary coverage for yourself in order to purchase coverage for your
spouse and/or dependents.

If you elect coverage when first eligible, you may purchase up to the guarantee issue amount(s) without completing a statement of health (evidence of insurability). If you do not enroll when first eligible, and choose to enroll during a subsequent annual open enrollment period, you will be required to submit evidence of insurability for any amount of coverage over one increment ($10,000). Coverage will not take effect until approved by Sun Life Financial.

  • Employee: $10,000 increments up to $500,000 or 5x annual salary, whichever is less;
    guarantee issue: $200,000
  • Spouse: $10,000 increments up to 100% of the employee’s election or $250,000, whichever is less; guarantee issue: $50,000
  • Dependent children: $10,000; guarantee issue: $10,000

Note: Voluntary life rates are based on your age and the amount of coverage you elect. The cost for coverage is subject to change annually based on your age bracket as of October 1. Refer to the Sun Life Financial enrollment packet for additional details.

DISABILITY INSURANCE

VOLUNTARY SHORT-TERM DISABILITY INSURANCE

Earnhardt Management Company provides you the option to purchase short-term disability (STD) insurance through Sun Life Financial. STD insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury. Benefits will be reduced by other income, including state-mandated STD plans. Please note that pre-existing condition limitations may apply.

  • Benefit: 60% of base weekly pay up to $1,300
  • Elimination period: 14 days
  • Benefit duration: Up to 24 weeks

Note: The cost for coverage is subject to change annually based on your age bracket and income. Refer to the Sun Life Financial enrollment
packet for additional details.

VOLUNTARY LONG-TERM DISABILITY INSURANCE

Earnhardt Management Company provides you the option to purchase long-term disability (LTD) insurance through Sun Life Financial. LTD insurance is designed to help you meet your financial needs if your disability extends beyond the STD period. Please note that pre-existing condition limitations may apply.

  • Benefit: 60% of base monthly pay up to $7,500
  • Elimination period: 180 days
  • Benefit duration: Social security normal retirement age

Note: The cost for coverage is subject to change annually based on your age bracket and income. Refer to the Sun Life Financial enrollment
packet for additional details.

Other Reference documents

Please follow the instructions below to enroll.

Please take the time to carefully review your plan options before making your benefit elections or making changes to your elections if you experience a qualifying life event.

For new employees, benefits will be effective the first of the month following two months of employment.

You can complete changes to current elections or enroll in new coverage directly through UltiPro by accessing here.  You can also complete all new elections/changes to current benefit elections by completing the universal enrollment form and submitting to hrbenefits@earnhardt.com. You can access the fillable form by clicking here.  You can also download the printable form by clicking here.