Life & Disability

Life and Accidental Death & Dismemberment (AD&D)

Renovo’s life and accidental death and dismemberment (AD&D), disability, and voluntary benefits are provided through The Hartford.

Basic

Ensuring your family’s financial security in the event of your death or serious injury is an important part of personal financial planning. As an employee, you automatically receive $50,000 in Basic Life and AD&D coverage, at no cost to you.

Supplemental

You can choose to add more coverage through Supplemental Life and AD&D plans, which offer extra coverage at discounted rates. The chart outlines the amounts of coverage available for you, your spouse, and your child(ren).

Benefit Features	Supplemental Life and AD&D Options*
	Employee	Spouse	Dependent Child(ren)
Coverage Options	$10,000 increments	$5,000 increments	$250 (under 15 days) $1,000 (15 days – 26 years)
Maximum	Lesser of 5x salary or $750,000	$150,000** (cannot exceed 50% of employee coverage)	$10,000
Guaranteed Issue Amount	$200,000	$50,000
Guaranteed Issue Period	Within 30 days of benefits eligibility or a qualifying life event

*Evidence of Insurability (EOI) may be required.

**Federal tax law requires Renovo Home Partners to report the cost of company-paid life insurance in excess of $50,000 as imputed income.

Disability

Short-Term Disability (STD)

This voluntary plan provides income replacement if you are sick or injured and need time off work to recover.

STD
Percent of Earnings	Weekly Maximum	Elimination Period	Maximum Duration
60%	$2,000	14 days	11 weeks

Long-Term Disability (LTD)

You’re automatically covered under the Core LTD plan at no cost, but you can opt for additional coverage by paying for Buy-Up LTD. LTD benefits are adjusted based on other income sources, like Social Security and workers’ compensation.

Core & Buy-Up LTD
Percent of Earnings	Monthly Maximum	Elimination Period	Maximum Duration
Core: 40% Buy-Up: +20%	$10,000	90 days	Up to Social Security Normal Retirement Age

Want to know more about how Life and Disability benefits work? Watch a helpful video here.