New Waterloo provides you with Basic & Voluntary Life/AD&D coverage as well as Voluntary Short-Term Disability and company paid Long-Term Disability through Guardian.

Basic Life/AD&D

Eligible employees are eligible for $25,000 of coverage payable to your designated beneficiary in the event of your death. An additional accidental death & dismemberment benefit (AD&D) is payable to you in the event of a covered dismemberment or to your beneficiary if your death is the result of an accident.

Voluntary Life/AD&D

New Waterloo offers eligible employees the opportunity to purchase additional voluntary life and AD&D insurance for themselves and their dependents at discounted group rates. Term Life is an affordable way to cover yourself and your family for life insurance.

• Employee: In units of $10,000, up to $500,000. Guaranteed Issue* up to $130,000. Proof of good health (Evidence of Insurability) will be required on any amounts above $130,000.
• Spouse: Up to 100% of the employee’s term life amount , in units of $5,000, up to $250,000. Guaranteed Issue* up to $50,000. Proof of good health (Evidence of Insurability) will be required on any amounts above $50,000.
• Children: $1,000, $5,000 or $10,000 not to exceed 100% of employee’s term life amount.

A sudden accident or death can leave you or your loved ones in a vulnerable position. Employees have the opportunity to enroll in Term Life and Accidental Death & Dismemberment insurance which will supplement lost income in the event of an accident or death. If you choose to enroll in employee coverage, this will be in addition to your employer provided Basic Life coverage.

Who's Your Beneficiary? Naming a beneficiary is a crucial part of electing life insurance. Also, don't forget to update your primary or secondary beneficiary if you experience a life event, such as a divorce or birth of a child.

Voluntary Short Term Disability

Everyday illnesses or injuries can interfere with your ability to work. Even a few weeks away from work can make it difficult to manage household costs. Short Term Disability coverage provides financial protection for you by paying a portion of your income, so you can focus on getting better and worry less about keeping up with your bills. Your coverage through Guardian offers:

Employee optional coverage

You can elect to purchase a benefit of 60% of your

weekly earnings to a maximum of $1,000 whichever is less.

Coverage begins after a 14 day waiting period and continues for up to 11 weeks.

Long Term Disability

Serious illnesses or accidents can interrupt your life, and your ability to work for months – even years. Long Term Disability provides financial protection for you by paying a portion of your income, so you have financial support to manage your disability and your household. Benefits begin after a 90 day elimination period are are equal to 60% of covered monthly earnings up to $6,000 whichever is less for eligible employees.

Additional Benefits Provided by Guardian

• Accident
• Critical Illness
• EAP
• WillPrep

Please consult your Employee Benefits Guide and review the plan SBCs for additional details.