Life and Accident

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The life and accident insurance plans provide you with basic life and accident insurance paid for by PCOC. The life and accident plans are insured by MetLife.

The following table summarizes the key features of the life and accident plans.

PCOC Life and Accident Plans
Plan
Basic Life
Basic AD&D
PCOC Life and Accident Plans
Coverage Available
Non-Director Employees
2 times basic annual earnings (maximum $150,000)
2 times basic annual earnings (maximum $150,000)
PCOC Life and Accident Plans
Coverage Available
Director Employees
2 times basic annual earnings (maximum $500,000)
2 times basic annual earnings (maximum $500,000)
PCOC Life and Accident Plans
Enrollment Required to Participate
No
No
PCOC Life and Accident Plans
Paid By
PCOC
PCOC

This summary is provided for general information only. Life and AD&D payouts are reduced according to an age reduction schedule beginning at age 65. Refer to the specific plan documents available on Forms and Documents for detailed information on plan provisions, exclusions, limitations and actively at work or confinement for care provisions.

For purposes of the life and accident plans, Basic Annual Earnings is defined as your gross annual rate of pay as determined by the Company, excluding overtime and other extra pay.

Beneficiary Designation

Life insurance can help provide financial security for loved ones when you die. Your life insurance beneficiary serves a very important purpose – making sure your benefits are distributed as you intended. Without a validly named beneficiary, the life insurance proceeds payable as a result of your death will be distributed according to the terms of the insurance contract. This may result in the proceeds going to a family member, such as spouse, children, parents or siblings, or it may go to your estate.

Reviewing your beneficiary choices to ensure they are current is a necessary step that can help you avoid unwanted outcomes or probate. Always consider changes in marital status, deaths or other life changes that may impact your beneficiary designation, and update accordingly. You should review and update your designations yearly, or especially after a life event, such as marriage, divorce, birth of a child, child no longer a dependent, etc., to ensure that the life insurance goes to the party you intended.

You can update your beneficiary designations via the benefits enrollment website, or you can contact Human Resources or the PCOC Benefits Service Center for assistance.

You should keep in mind that changes in your family status (such as marriage, divorce or new children) do not automatically alter or revoke your previous designations. Therefore, it is important that you review your beneficiary designations from time to time.

Travel Assistance with Identity Theft Solutions

As soon as you become benefits-eligible, your basic AD&D plan includes automatic access to travel assistance services with identity theft solutions. This service provides certain types of medical, legal and financial assistance 24 hours a day, 365 days a year, when more than 100 miles away from home. You also have access to mobile assist services which provides information to help avoid expensive mobile telephone charges and help effectively use overseas options.

Travel and financial services include:

  • General travel information about visa, passport, inoculation requirements and local customs
  • 24-hour pre-departure information (weather, currency, holidays)
  • Telephone translation
  • Emergency cash/bail assistance/legal referrals
  • Concierge services
  • Lost document and luggage assistance

Medical assistance services include:

  • Consult with a U.S. medical care provider while traveling abroad with Virtual Teleconsultation Services
  • Physician/hospital/dental referrals and prescription transfer
  • Hospital admission validation
  • Transportation to join patient
  • Evacuation and repatriation
  • Return of mortal remains

Identity Theft Solutions provide you and your dependents:

  • Education and protection resources, including access to an identity theft risk & prevention tool kit and resolution guide
  • Personal guidance services, including filing and obtaining police and credit reports, contacting creditor fraud departments, and taking inventory of lost or stolen items

For more information, contact AXA Travel Assistance at (800) 454-3679
(within the U.S.) or (312) 935-3783 (outside the U.S.).
You can also visit the AXA website for information:
www.metlife.com/travelassist

Basic Life

You are automatically enrolled for basic life insurance on the first of the month coinciding with or next following 30 days of full-time employment. Basic life insurance is equal to two times your basic annual earnings rounded to the next higher multiple of $1,000, if the coverage amount is not a multiple of $1,000. The maximum amount of basic life insurance is $150,000 for non-directors and $500,000 for directors.

If your annual base pay changes (either increases or decreases), your basic life insurance will automatically change to the new coverage amount on the first of the month coinciding with or next following the date your annual base pay changes.

Your Cost

PCOC pays the entire cost of the basic life insurance plan.

MetLife Life and Accident

Group # TS 05997391-G

Contact Human Resources

(626) 844-1429

Questions or need help?
Contact the PCOC Benefits Service Center

(855) 726-2291

pcocbenefits@teamcreativa.com

Life and Accident Forms and Documents

Your basic life coverage reduces automatically upon attainment of the specific age in the following table:

Age
65
70
Percentage of Available Amount
65%
50%

Coverage Reduction Due to Age Example
If you are age 64 and have $50,000 of coverage, your benefit payable would be the full $50,000. Upon turning age 65, your benefit payable would be $32,500 (calculated as $50,000 x 0.65 = $32,500).

Basic AD&D

You are automatically enrolled for basic accidental death and dismemberment (AD&D) insurance on the first of the month coinciding with or next following 30 days of full-time employment. The principal amount of basic AD&D is equal to two times your basic annual earnings rounded to the next higher multiple of $1,000, if the coverage amount is not a multiple of $1,000. The maximum amount of basic AD&D insurance is $150,000 for non-directors and $500,000 for directors.

If your annual base pay changes (either increases or decreases), your basic AD&D insurance will automatically change to the new coverage amount on the first of the month coinciding with or next following the date your annual base pay changes.

Your Cost

PCOC pays the entire cost of the basic AD&D insurance plan.

Your basic AD&D coverage reduces automatically upon attainment of the specific age in the following table:

Age
65
70
Percentage of Available Amount
65%
50%

Coverage Reduction Due to Age Example
If you are age 64 and have $100,000 of coverage, your benefit payable would be the full $100,000. Upon turning age 65, your benefit payable would be $65,000 (calculated as $100,000 x 0.65 = $65,000).

AD&D Benefit Schedule

The following table shows losses that are covered under the basic AD&D insurance plan and the corresponding benefit amounts as a percentage of your principal amount. These benefit amounts will be paid only if:

  • Your death occurs within 365 days from the date of the accident; or
  • Your injury results in one or more covered losses listed below within 365 days from the date of the accident.
Covered Loss
Life
Both hands, both feet, or sight of both eyes
Speech and hearing
Quadriplegia
Brain damage
Arm or leg
Paraplegia
Hemiplegia
Hand, foot or sight of one eye
Speech or hearing
Uniplegia
Thumb and index finger of the same hand
Percentage of Available Amount
100%
75%
50%
25%

If a person suffers more than one covered loss as a result of the same accident, only the largest benefit amount will be paid. Refer to specific plan documents available on Forms and Documents for complete plan provisions, exclusions and limitations.

Injury means bodily impairment resulting directly from an accident and independent of all other causes.

AD&D Special Benefits

There are several additional special benefit payments provided under the AD&D plan, which may be payable in the event of a covered loss.

Special Benefits
Exposure and Disappearance
Coma
Child Care
Common Carrier
Seat Belt
Air Bag
Special Benefits
Coverage extends to losses due to exposure, and to disappearance if the body of a covered person is not found within one year of a covered accident
1% per month for up to 60 months
Reimburses costs up to 12% of principal amount (maximum $5,000 per year) for 4 years or until age 12
Increases the loss of life benefit to 200% of the principal amount if the covered person dies while traveling in a common carrier (e.g., scheduled airlines, schedule train or municipal bus services)
Additional 10% of the principal amount (maximum $25,000) if a covered person dies in a private passenger automobile accident while wearing a seat belt
Additional 5% of the principal amount (maximum $10,000) if a covered person dies in a private passenger automobile accident while riding in a seat protected by a properly functioning air bag