LIFE AND AD&D INSURANCE
MicroAge provides basic life and AD&D insurance to all benefits-eligible associates AT NO COST. You have the option to purchase supplemental life and AD&D insurance.
BASIC LIFE AND AD&D INSURANCE
MicroAge automatically provides basic life and AD&D insurance through MetLife to all benefits- eligible associates AT NO COST. If you die as a result of an accident, your beneficiary would receive both the life benefit and the AD&D benefit. Please be sure to keep your beneficiary designations up to date.
- Associate life benefit: $25,000
- Associate AD&D benefit: $25,000
Supporting Life and AD&D Documents
MicroAge provides basic life and AD&D insurance to all benefits-eligible associates AT NO COST. You have the option to purchase supplemental life and AD&D insurance.
SUPPLEMENTAL LIFE AND AD&D INSURANCE
You must purchase supplemental coverage for yourself in order to purchase coverage for your spouse and/or dependents. Supplemental life rates are age-banded. Benefits will reduce to 65% at age 65 and to 50% at age 70.
- Associate: $10,000 increments up to $500,000 or 5x annual salary, whichever is less— guarantee issue: $100,000
- Spouse: $5,000 increments up to $100,000—guarantee issue: $25,000
- Dependent children: $1,000, $2,000, $4,000, $5,000, or $10,000—guarantee issue: $10,000
SUPPLEMENTAL LIFE AND AD&D INSURANCE COSTS
Listed below are the monthly rates for supplemental life and AD&D insurance. The amount you pay for supplemental life and AD&D insurance is deducted from your paycheck on a post-tax basis. Spouse life rates are based on the associate’s age.
DISABILITY INSURANCE
Disability insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury.
LONG-TERM DISABILITY INSURANCE
MicroAge automatically provides long-term disability (LTD) insurance through MetLife to all benefits-eligible associates AT NO COST. LTD insurance is designed to help you meet your financial needs if your disability extends beyond the STD period.
- Benefit: 60% of base monthly pay up to $6,000
- Elimination period: 90 days
- Benefit duration: Social security normal retirement age
SHORT-TERM DISABILITY INSURANCE
MicroAge provides you the option to purchase short- term disability (STD) insurance through MetLife. 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.
- Benefit: 60% of base weekly pay up to $1,000
- Elimination period: 7 days
- Benefit duration: Up to 12 weeks
SHORT-TERM DISABILITY INSURANCE COSTS
Listed below are the monthly rates for STD insurance. The amount you pay for STD insurance is deducted from your paycheck on a post-tax basis.
Supporting Disability Documents
Disability MyBenefits Flyer
MetLife - Voluntary Short Term Disability Summary
MetLife - Long Term Disability Summary