Life and AD&D Insurance
Basic Life and AD&D Insurance
LGO Hospitality automatically provides basic life and AD&D insurance through Unum to all full-time executives and manager level staff at no cost.
• Life benefit amount: $50,000
• AD&D benefit amount: $50,000
Supplemental Life and AD&D Insurance
LGO Hospitality provides you the option to purchase supplemental life and AD&D insurance for yourself, your spouse, and your dependent children through Unum. You must purchase voluntary coverage
for yourself in order to purchase coverage for your spouse and/or dependents.
- Employee: $1,000 increments up to $500,000 or 5x annual salary, whichever is less; guarantee issue: $100,000
- Spouse: $1,000 increments up to $500,000 not to exceed 100% of your elected amount; guarantee issue: $25,000
- Dependent children: Birth to 6 months–$1,000; 6 months to 19/26 years (if full-time student)–$1,000 increments up to $10,000; guarantee issue: $10,000
If you elect coverage when first eligible, you may purchase up to the guarantee issue amount(s) without completing a statement of health (evidence of insurability). If you do not enroll when first eligible, and choose to enroll during a subsequent annual open enrollment period, you will be required to submit evidence of insurability for any amount of coverage. Coverage will not take effect until approved by Unum.
Long-Term Disability Insurance
LGO Hospitality automatically provides long-term disability (LTD) insurance through Unum to all full-time executives and manager-level staff at no cost. LTD insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury.
- Benefit: 60% of base monthly pay up to $5,000 per month
- Elimination period: 90 days
- Benefit duration: Social security normal age retirement