[ PROTECTION ]
LIFE AND DISABILITYLife can change quickly. BCU offers Life, Accident and Disability insurance so you and your family are protected when the unexpected happens.
LIFE & ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) INSURANCE
BCU provides Basic Life Insurance and Accidental Death & Dismemberment (AD&D) Insurance coverage at no cost to you. You may purchase Supplemental (Term) Life Insurance and Supplemental AD&D Insurance coverage for you and your dependents, if you choose.
Basic company-provided coverage and your supplemental options (also known as voluntary options by New York Life) are noted in the table below. Review coverage options and costs when you enroll.
| Benefit Plan | Coverage Level | How Coverage Is Paid |
|---|---|---|
| Life Insurance | ||
| Basic Life Insurance |
1 x Eligible Pay Maximum of $1,000,000 |
BCU paid |
|
Supplemental Life Insurance
|
1-10 x Eligible Pay Maximum of $2,000,000 $5,000 – $250,000 $10,000 or $20,000/child |
Employee paid |
| Accident Insurance | ||
| Basic Accidental Death & Dismemberment (AD&D) |
1 x Annual Base Pay Maximum of $1,000,000 |
BCU paid |
| Supplemental AD&D (Employee Only or Family Coverage) |
1-10 x Eligible Pay Maximum of $2,000,000 |
Employee paid |
| Business Travel Accident Insurance |
4 x Annual Base Pay Maximum of $500,000 |
BCU paid |
DISABILITY INSURANCE
You automatically receive Basic Long-Term Disability (LTD) coverage at no cost to you. You also may purchase supplemental (voluntary) LTD coverage. If you become disabled, the LTD Plan pays benefits once your company-provided Short-Term Disability (STD) benefits have ended.
| Benefit Plan | Coverage Level | How Coverage Is Paid |
|---|---|---|
| Short-Term Disability (% of base pay, per years of service, up to 26 weeks) |
0-4 years: 6 weeks at 100%, then 70% 5-9 years: 12 weeks at 100%, then 70% 10-19 years: 18 weeks at 100%, then 70% 20+ years: 100% |
BCU paid |
| Basic Long-Term Disability Insurance | 60% Annual Base Pay Continued in case of disability (up to $15,000 per month) |
BCU paid |
| Enhanced (Supplemental) Long-Term Disability Insurance | 66 2/3% Annual Base Pay Continued in case of disability (up to $20,000 per month) |
Employee paid |
Don’t Forget to Designate Your Beneficiaries
They are the ones who receive life insurance benefits. Update your beneficiaries when you enroll or at any time here.
