Plan Description, STD and LTD

Employer Eligibility

• Firms in business more than two years
• Firms participating in Social Security
• No employees residing on employer's premises are eligible

Employee Eligibility

• Eligible employees are those actively working full time for a minimum of 30 hours per week year round, who have satisfied the employer's minimum service requirement

Participation Requirements

The following minimum participation requirements must be met:

• 2 - 5 eligible employees — all must be insured
• 6 - 9 eligible employees — all but one must be insured

Group Policy Effective Date

• The effective date is the first of the month following receipt and approval of all application submission materials

Contribution Levels

• Provided all participant requirements are met, employees may contribute up to 100% of premium
• If the employer pays 100% of the premium, all eligible employees must be insured

Definition of Disability – STD

To be considered disabled means that as a result of injury or sickness:

1. Employees are prevented from performing the material and substantial duties of their own job (includes reasonable employment option); and
2. Earning less than or equal to 80% of pre-disability earnings.

Definition of Disability – LTD

To be considered disabled means that as a result of injury or sickness:

1. During the elimination period and first 36 months of disability benefits:
   • Regular (Own) Occupation definition (includes reasonable employment option); and
   • Earning less than or equal to 80% of pre-disability earnings.
2. After the first 36 months of disability benefits:
   • Any Occupation definition;
   • Earning less than or equal to 60% of pre-disability earnings.