Silverado offers basic life, accidental death and dismemberment (AD&D) and long-term disability insurance through Reliance Standard at no cost to you. In addition, you can buy additional voluntary coverage for yourself and your family. Evidence of Insurability (EOI) may be required for Voluntary Coverages.
| Life, Accident & Disability Insurance | |
|---|---|
| Company-paid Benefits | Life: 1x annual base salary AD&D: 1x annual base salary Long-term Disability: 40% of salary, up to $3,334 per month |
| Voluntary Life | 1x to 5x annual salary base up to $1 million (Up to $250,000 guarantee issue) |
| Voluntary Spouse Life | 50% of Associate voluntary life amount up to $100,000 (up to $50,000 guarantee issue) |
| Voluntary Child Life | $5,000, limited to $500 from birth to 6 months |
| Voluntary AD&D | 1x to 10x annual base salary up to $1 million |
| Voluntary Family AD&D | Spouse Only: 50% of your covered amount to a maximum of $100,000 Child(ren) Only: 15% of your covered amount, to a maximum of $10,000 Spouse + Child(ren): Spouse – 40% up to $100,000, Child – 10% of your covered amount up to $10,000 |
| Voluntary Long-Term Disability | Combines with basic benefit to provide a 60% salary replacement up to $5,000 per month |
| Short-Term Disability (non-CA only) | 50% of salary, up to $1,000 per week |
| Evidence of Insurability | Guarantee Issue amounts only available at initial enrollment (new hire or newly eligible.) After that, all amounts require a health questionnaire to be completed. |
Company paid and voluntary Long-Term Disability is effective the first day of the month after one year of service.
Eligibility, effective dates and amounts may vary based on age and benefit deduction group assignment. Please contact Home Office Benefits department for more details at L-Benefits@silverado.com