Supplemental Insurance

Administered by SunLife

Basic Life

Life insurance provides financial security for the people who depend on you. Your beneficiaries will receive a lump sum payment if you die while employed by GoMacro. GoMacro provides eligible employees a basic life insurance policy of 1x Annual Earnings to max $500,000 at no cost to you.

Disclaimer: For Basic Life Insurance, any employer paid life insurance premiums above $50,000 of benefit will be taxable to the employee.

Accidental Death & Dismemberment (AD&D)

Accidental Death and Dismemberment (AD&D) insurance provides payment to you or your beneficiaries if you lose a limb or die in an accident. GoMacro provides eligible employees AD&D coverage of 1x Annual Earnings to max $500,000 at no cost to you. This coverage is in addition to your company-paid life insurance described above if you participate in the medical plans offered by GoMacro.

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Disability Insurance
GoMacro, LLC pays for eligible employees to receive disability insurance through SunLife. This benefit is often referred to aspaycheck insurance as it replaces a portion of your income if you are unable to work as a result of a non-job illness or injury.GoMacro provides Short Term Disability as a company-provided benefit. Long Term Disability is available for purchase.

Voluntary Life

GoMacro employees may purchase a voluntary life and accidental death and dismemberment (AD&D) policy for themselves or their dependents. If you elect to purchase additional coverage for your dependents, you must purchase a policy for yourself. As a new employee, you are guaranteed to be issued coverage (up to $50,000 or five times your annual earnings, and up to $25,000 not to exceed 100% EE’s amount for your spouse) without answering Evidence of Insurability (EOI) medical questions. The waiver over the medical questionnaire only applies when you are first eligible.

Employee: Up to five times your annual earnings in increments of $10,000; $500,000 maximum amount. Guarantee issue of $50,000.
Spouse: Up to $100,000 in increments of $5,000 (not to exceed 100% of EE’s amount). Guarantee issue of $25,000.
Children: Birth to 14 days: $0; 14 days to 6 Months; $500; Unmarried 14 days to 19 or 23 if full time student: Increments of $1,000 to max $10,000
Special feature: If you enroll for the for voluntary life at initial eligibility, you may enroll for additional coverage up to $10,000 without the need to complete an EOI as long as the total amount does not exceed the Guarantee Issue.

Plan features include:

Living Care / Accelerated Death Benefit—75% the amount of the life benefit, not to exceed $500,000.
Waiver of Premium—If determined you are totally disabled, your life insurance benefit will continue without payment of premium
Portability and Conversion included.
Age reduction: Benefits reduce to 50% at age 70. Spouse coverage terminates when attain age 70.