Employer Paid Benefits
Schwazze’s comprehensive benefits package includes financial protection for you and your family in the event of an accident or death.
BASIC LIFE AND AD&D INSURANCE
Schwazze automatically provides basic life and AD&D insurance through Sun Life Financial to all benefits-eligible employees AT NO COST. If you die as a result of an accident, your beneficiary would receive both the life benefit and the AD&D benefit. Please be sure to keep your beneficiary designations up to date.
- Employee life benefit: 1x salary up to $300,000
- Employee AD&D benefit: 1x salary up to $300,000
LONG-TERM DISABILITY INSURANCE
Schwazze automatically provides long-term disability (LTD) insurance through Sun Life Financial to all benefits-eligible employees AT NO COST. LTD insurance is designed to help you meet your financial needs if your disability extends beyond the STD period.
- Benefit: 60% of monthly earnings up to $6,000
- Elimination period: 180 days
- Benefit duration: Social security normal retirement age
Disability insurance is an important part of your benefits coverage. You may use disability benefits to pay for your necessary expenses while you are unable to work, such as mortgage payments, medical expenses, childcare, and more. If you are enrolled and become unable to work due to an accident, illness, injury, or pregnancy, you must apply for benefits as soon as you are able after your event. Please notify Sun Life Financial as soon as possible to ensure you qualify for coverage and receive timely payouts.