2020-2021 Benefits Guide Work In Progress rev 10.22.2020

GROUP TERM LIFE INSURANCE Basic Life Insurance

One of the most important things about life insurance is the financial peace of mind it gives your loved ones. This benefit is provided at no cost for all full-time employees and employees are automatically enrolled. This benefit is offered through Reliance Standard Life Insurance (RSLI). Your beneficiaries will receive two times your annual salary rounded to next $1,000.00 with no maximum limit. Please refer to the Summary of Benefits for more details. ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE

AD&D coverage for full-time employees is provided through RSLI and is paid 100% by the EAA. The AD&D plan provides additional protection for insured employees in the event of an accidental bodily injury resulting in death or dismemberment. In the event of an employee’s accidental death or dismemberment, the AD&D plan coverage is equal to the basic life insurance coverage. AD&D Covered Losses and Benefits Benefits resulting from the accidental death are paid to the named beneficiary. Benefits resulting from a dismembering injury are paid to the insured. The loss must occur within 365 days of the accident. No more than the full amount will be paid for all losses resulting from the same accident. 100% for the loss of: • Life • Both hands or both feet or sight of both eyes • One hand and one foot • One hand or one foot and the sight of one eye • Speech and hearing 50% for the loss of: • One hand or one foot • Speech or hearing • Sight of one eye LIFE INSURANCE FEATURES Accelerated Benefit The Accelerated Benefit helps offset the high cost of medical care for a terminally ill employee by providing an advance payment of a portion of the death benefit in the case of a terminal illness. “Terminal Illness” means an illness or physical condition that is Certified by a Physician to reasonably be expected to result in death in less than 24 months. The Accelerated Benefit is an amount equal to a percentage of the Death Benefit on the date of certification of Terminal Illness, subject to a maximum amount. Please refer to plan summary for details.

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