Insurance
Plans

Company-Paid Life Insurance

GFS U.S. Specialty Companies provide employees and their family with basic life and AD&D insurance.

Employee

Life and AD&D insurance coverage is based on your annual eligible compensation to a maximum of $100,000.

Spouse

$10,000

Dependent(s)

$5,000 per child

Age Reduction

Applied at age 70 (35%) and at age 75 (75%)

Supplemental Life & AD&D Insurance

Employees have the option to purchase additional Life and AD&D insurance through UNUM. Rates are based on your age and tobacco usage.

Employee

Enroll in supplemental life in 25k increments up to 500k
New hire elections are not subject to Evidence of Insurability

Spouse

Enroll in spouse supplemental life in 10k increments up to 200k
Up to 100k in spouse supplemental life is guarantee issued
Amounts over 100k are subject to Evidence of Insurability

Dependents

Enroll in child supplemental life in the amount of 10k, 15k or 20k
Coverage is not subject to Evidence of Insurability
Pay one flat premium for one or more children

You must enroll in Employee supplemental life in order to enroll in either Spouse or Dependent supplemental life.

Evidence of Insurability (EOI) is submitted in Workday and reviewed for approval by UNUM Life Insurance Company.

Disability Coverage

GFS U.S. Specialty Companies’ offers disability plans that provide income protection if you are unable to work due to a non-occupational illness or injury through UNUM. This is a voluntary benefit that you can elect together, or individually based on your need.

During your initial election period (30 days of hire), you may elect disability coverage without having to provide a health statement. Each year, at open enrollment, you will be allowed to enroll in disability coverage. However, you will need to provide a statement of health for any elections made after the initial election period. Eligibility is 90 days of continuous full-time employment.

The disability benefits provide:

Post-tax weekly premiums out of your paycheck
Leaves administered and approved by UNUM
Non-taxable benefits paid by UNUM

Short-Term Disability

You may purchase short-term disability coverage during this initial enrollment period. Disability coverage provides pay in the event you become disabled because of a non work-related illness or injury.

Unpaid, waiting period of seven consecutive days— time off accruals can be used.
Pay continuation at 60% of salary to a maximum of $1,000 per week.
Benefits will be payable for a duration of 180 days.
Once you have been off work 180 days, your healthcare coverage will end. COBRA will be offered to continue your healthcare coverage.

Long-Term Disability

You may purchase additional long-term disability coverage to continue disability benefits past the 180 day short-term coverage. This benefit:

Continues disability pay after the 180 day short-term disability benefit has been exhausted.
Pay continuation at 60% of salary to a maximum of $10,000 per month.
Voluntary LTD is paid until age 65 or social security normal retirement age.