BL Companies | 2022 Benefits Brochure

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, that would be considered a workers’ compensation claim. Long Term Disability Long Term Disability pays 60% of an employee’s 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 the individual has been to the doctor for anything in the 3 months before coverage under the plan, they will not be covered until they have satisfied a 12-month waiting period. Short Term Disability Short Term Disability pays 70% of an employee’s salary up to a maximum benefit of $2,500 per week for up to 12 weeks. There is no pre-existing condition clause, but there is a 7-day “elimination” period (that means one has to be under a doctor’s care for 7 days to qualify for short term disability). An employee can use PTO to supplement the STD benefit to get up to 100% of pre-disability earning.

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 employees the opportunity to enroll and increase Life Insurance coverage in the Voluntary Life Insurance Plan as long as they remain an eligible employee and continue to pay premiums at a group rate. VOLUNTARY LIFE AND AD&D INSURANCE FOR YOU Employee Increments of $10,000 up to the lesser of $500,000 or 5x your base annual salary Guaranteed issue up to $100,000 VOLUNTARY LIFE AND AD&D INSURANCE FOR YOUR DEPENDANTS Spouse Increments of $10,000 (not to exceed 100% of your voluntary life and AD&D coverage) Up to a $250,000 maximum Guaranteed issue up to $50,000 Child(ren) 6 months to 19 years (23 if FTS): Increments of $2,500 to $25,000

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