2018_BL_BenefitsBrochure

LIFE INSURANCE All full-time employees receive a $50,000 life insurance policy whether or not they choose to become members of the health insurance plan. It is provided by the company at no cost to the employee. Voluntary Life Insurance BL Companies offers you the opportunity to enroll and increase your Life Insurance coverage in the Voluntary Life Insurance Plan as long as you remain an eligible employee and continue to pay your premium at a group rate. LONG TERM AND SHORT TERM DISABILITY BL Companies provides full-time employees with Long & Short Term Disability Insurance from Sun Life Assurance Company - free of charge. This insurance is not for cases where an employee is disabled on the job. This would be considered a workers’ compensation claim. Long Term Disability Long Term Disability pays 60% of your salary up to a maximum benefit of $10,000 per month to the age of 65. It has a pre-existing condition clause, which states that if you have been to the doctor for anything in the 3 months before your coverage under the plan then you will not be covered until you have satisfied a twelve-month waiting period. Short Term Disability Short Term Disability pays 60% of your salary up to a maximum benefit of $2,500 per week for up to 11 weeks. There is no pre-existing condition clause but there is a 14-day “elimination” period (that means that you have to be under a doctor’s care for 14 days to qualify for short term disability). It does not have to be consecutive.

“Our employee-owners have a stake in what we do and how we do it.”

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