Life & Disability
We encourage employees to take care of themselves and their loved ones – now and in the future. At times, unfortunate events such as an unexpected death or injury can take a toll on our employees and their families. We help employees through these tough times by providing the additional benefits listed below.
Plan Funding
100% Company-paid
Benefit Amount
1x your annual salary up to a max of $100,000
Age Reduction Schedule
65% of Original Amount at age 70, 50% at age 75
Voluntary Life and AD&D Plan Insurance
Administered by Reliance Matrix
E.L. Haynes offers Voluntary Life and AD&D insurance to all eligible employees. You pay the full cost for this coverage. Employees must elect voluntary coverage in order to elect coverage for dependents. Only newly eligible employees during initial enrollment are eligible for the guarantee issue amount without having to provide evidence of insurability (EOI). If you do not elect any coverage, you are considered a late entrant and are subject to an EOI. An EOI is required for amounts over guaranteed issue or if you enroll after your initial eligibility period. An EOI is not required for child life insurance. If an EOI is required, it must be approved by the insurance company before you purchase coverage. This benefit is 100% employee paid. Please see the chart below for details.
Plan Funding
100% Employee-funded
Age Reduction Schedule
60% of Original Amount at age 75, 35% at age 80, 27.5% at age 85, 20% at age 90, 7.5% at age 95, 5% at age 100+
Employee Benefit
Benefit Amount
Increments of $10,000 up to a maximum of $500,000
Guaranteed Issue3:
Under Age 60: $100,000
Age 60-70: $10,000
Age 70+: $0
Spouse Benefit
Benefit Amount1,2
Increments of $5,000 up to a maximum of $500,000, not to exceed 100% of employee's amount
Guaranteed Issue3,5:
Under Age 60: $20,000
Age 60+: $0
Child(ren) Benefit
Benefit Amount1
14 days old to 6 months old: $1,000
6 months old to age 26: Increments of $2,500 up to a maximum of $10,000
Guaranteed Issue3:
$10,000
- Coverage is only available to the spouse and dependent child(ren) if the employee elects coverage.
- Spouse’s rate is based on the employee's age.
- Guaranteed Issue is only available when employees are initially eligible to enroll in benefits: as a new hire, or as an employee who is newly eligible to enroll (i.e. switching from a role that is not benefits eligible, to a role that is benefit eligible). If you waive coverage during your initial enrollment, you are not eligible for the Guaranteed Issue amount at Open Enrollment or during a Qualifying Life Event.
- Spouse coverage terminates at age 75
Please note - Voluntary Life and AD&D Insurance is 100% employee paid and based on age rate
Disability
We offer Short-Term Disability (STD) and Long-Term Disability (LTD). These disability coverages work in conjunction with one another to provide continuous income replacement in the event of a sudden income loss.
Disability Plan Highlights
Administered by Reliance Matrix
- STD is a company-provided benefit. You are eligible for the plan automatically at no cost to you.
- LTD is a company-provided benefit. You are eligible for the plan automatically at no cost to you.
- Coverage amount is based on weekly pre-disability earnings.
- The duration is subject to medical documentation and additional information provided by your doctor.
File a Insurance Claim
You can file a Life or Disability Insurance Claim form at the link below. Follow all instructions carefully. Reach out to a Reliance Matrix Claims Specialist at 800-351-7500 or email: Email LifeClaimsScan@rsli.com
Contact the provider of these benefits by calling this phone number or visiting this website: 800-351-7500, www.reliancematrix.com