Overview

It’s important to plan for your family’s financial security in case the unexpected happens. That’s why WinnCompanies provides you with long-term disability insurance and basic life and accidental death and dismemberment (AD&D) insurance — at no cost to you.

For added protection, you can pay for short-term disability insurance, accident insurance, supplemental life insurance, and/or whole life insurance. Your payments for this voluntary coverage will be made through convenient payroll deductions.

Long-Term Disability (LTD)

The loss of income due to illness or injury that prevents you from working for an extended period of time can cause serious financial hardship for your family. Long-term disability insurance replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.

  • LTD coverage is provided at no cost to you.
  • Enrollment is automatic.
  • Benefits begin after you have been disabled for 90 days (the initial period covered by short-term disability, if enrolled).
  • You receive payments based on 50% of your monthly earnings, up to a maximum monthly benefit of $12,000 and a minimum monthly benefit of $100.

For more information, visit the Employee Resources page on Winntranet to see the detailed plan certificate.

Short-Term Disability (STD)

An injury or illness that keeps you out of work for even a short time can significantly impact your way of life. Short-term disability insurance provides a source of income to help you maintain your household and living expenses if you are out of work due to a disability.

  • STD coverage is voluntary and paid by you.
  • Enrollment is automatic; if you DO NOT want this coverage, you must actively waive it.
  • Benefits begin after you have been disabled for 14 days.
  • You receive payments of up to 60% of your base weekly earnings, up to a maximum of $750/week.
  • The maximum benefit period is 11 weeks.
  • Evidence of Insurability (EOI) will be required if you have previously declined coverage and are choosing to elect it during Open Enrollment.

For more information, visit the Employee Resources page on Winntranet to see the detailed plan certificates for LTD and STD.

Voluntary Accident Insurance

Voluntary accident insurance from Unum helps protect you from unexpected financial stress if you or a covered family member has an accident. It pays benefits based on your injury and the treatment you need, including emergency-room care and related surgery. The benefit can help offset the out-of-pocket expenses that your medical insurance may not cover, including deductibles and copays. This coverage is voluntary and paid by you. Family coverage is available.

Benefits are paid:

  • Directly to you
  • In addition to any other coverage, like your primary medical plan or an Accidental Death & Dismemberment (AD&D) plan

You receive a cash benefit up to a specific amount for:

  • Accidental death
  • Dismemberment
  • Dislocation or fracture
  • Initial hospital confinement
  • Intensive care
  • Ambulance
  • Medical expenses
  • Outpatient physician’s treatment

The actual benefit amounts depend on the type of injuries you have and the medical services you need.

For more information, visit the Employee Resources page on Winntranet for full plan details.

Basic Term Life and AD&D

WinnCompanies provides basic term life and AD&D insurance to assist you and your family in the event of a death or dismemberment. These benefits are fully paid by the company at no cost to you and enrollment is automatic.

Benefits are equal to:

  • Basic term life insurance: 2x your annual earnings, up to a maximum of $1 million
  • Basic AD&D insurance: 2x your annual earnings, up to a maximum of $250,000
What is AD&D insurance?

Should you lose your life, sight, hearing, speech, or use of your limb(s) in an accident, AD&D provides additional benefits to help keep your family financially secure. AD&D benefits are paid as a percentage of your coverage amount — from 50% to 100% — depending on the type of loss.

Select a beneficiary

Be sure to provide your life insurance beneficiary information during your enrollment session. You will need full names, dates of birth, and Social Security numbers. If you need to update your beneficiary outside of the Open Enrollment period, complete this beneficiary form and send it to the HR Helpdesk.

For more information, visit the Employee Resources page on Winntranet to see the detailed plan certificate.

Supplemental Term Life

You may choose to purchase supplemental life insurance for yourself, your spouse, and children to provide coverage in addition to the company-paid life insurance benefit. Evidence of Insurability (EOI) may be required in some situations. You pay the full cost of any supplemental life insurance. You must purchase coverage for yourself in order to purchase it for your spouse and/or child(ren). Talk to a benefits counselor or view the detailed plan certificate on Winntranet.

Supplemental Term Life Insurance Benefit
Team Member Available in $10,000 increments up to $150,000 without completing medical underwriting (EOI) when enrolling during your initial eligibility; the overall maximum benefit is the lesser of 5x annual earnings, or $500,000. (If coverage is declined during initial enrollment, there is an opportunity to enroll during the next annual Open Enrollment, but medical underwriting will be required.)
Spouse Available in $5,000 increments up to $25,000 without completing medical underwriting (EOI) when enrolling during your initial eligibility; the overall maximum benefit is the lesser of 100% of the team member's amount of supplemental life insurance, or $250,000. (If coverage is declined during initial enrollment, there is an opportunity to enroll during the next annual Open Enrollment, but medical underwriting will be required.)
Children Available in $5,000 increments up to the lesser of 100% of the team member's amount of supplemental life insurance, or $10,000.

Please note: If a team member or spouse has coverage and wishes to increase their coverage at the next annual Open Enrollment, medical underwriting is not required up to the following guaranteed issue amounts: $150,000 for the team member and $25,000 for the spouse.

iconEvidence of insurability

Life insurance over the guaranteed issue amount will require evidence of insurability (EOI). After electing coverage, you will receive more information if EOI is required.

Whole Life

Whole life insurance is designed to pay a death benefit to your beneficiaries, but it also accumulates cash value you can use while you are living. The policy accumulates cash value at a guaranteed rate of 4.5%. Once your cash value builds to a certain level, you can borrow from the cash value or use it to buy a smaller “paid-up” policy with no more premiums due.

If you are diagnosed with a medical condition that limits life expectancy to 12 months (24 months in MA) or less, you can request up to 100% of the death benefit amount in advance, to a maximum of $60,000. Your covered spouse and dependents have this option, as well.

Coverage is available for you, your spouse, and dependents. This voluntary benefit from Unum is paid by you.