Life Insurance and Disability Coverage

Life Insurance

Life insurance, offered through MetLife, provides a financial benefit to the named beneficiary(ies) in the event of the covered individual’s death.

Basic Life

Basic Life insurance coverage provides 1 times your annual earnings, rounded to the next highest $1,000 if not a multiple of $1,000, with a minimum of $5,000 and a maximum of $50,000.

The premiums for Basic Life insurance are paid by the Laboratory. Eligible employees are automatically enrolled in this coverage.

Supplemental Life

If you need coverage in addition to Basic Life insurance, the Laboratory offers Supplemental Life insurance. The Supplemental Life plan offers you the flexibility to select the appropriate amount of coverage for you and your family.

You can select coverage from 1 to 8* times your annual earnings. The cost for this coverage is based on your age, salary and the amount of coverage you select.

Dependent Life

Dependent Life provides a financial benefit to you in the event you experience the loss of a spouse/domestic partner or child.

The cost of coverage is based on the covered dependents, the plan, and the coverage level you select.

*Note: New hires can enroll in Supplemental Life up to 3 times their annual earnings without evidence of insurability. Spouses and domestic partners can be enrolled for up to $50,000 without evidence of insurability. Enrollments after the new hire period of initial eligibility may be subject to evidence of insurability, which would need approval from the carrier. Child life insurance does not require evidence of insurability.

AD&D Insurance

Accidental Death and Dismemberment (AD&D) insurance protects you and your family from the unforeseen financial hardship of an accident that causes death, dismemberment, paralysis, or loss of sight, speech, or hearing. AD&D offered through MetLife includes coverage levels range from $50,000 to $500,000 with affordable semimonthly premiums.

Disability Coverage

Short-term and long-term disability coverages are offered though MetLife. These income protection plans will pay a percentage of your salary if you are unable to work due to illness or injury. The premiums for these plans will be fully paid for by Triad.

Short-term disability (employer paid)

This coverage pays a benefit of 100% of your base salary, for the first 7 weeks, then the benefits reduces to 60% for the remaining benefit period. Eligible employees are automatically enrolled in this coverage. The premiums for short-term disability are paid for by the Lab. 

Long-term disability (employer paid)

This disability coverage pays up to a maximum of $15,000 per month for disabilities exceeding 26 weeks. Enrollment for this plan is also automatic. 

Business Travel Accident Insurance

Employees whose duties include business travel are also automatically covered for $100,000 in travel accident insurance under a separate policy. Premiums are paid by the Laboratory.

Disability, Life, and AD&D Contacts