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Horizon CarpentryYour MetLife Benefit Package

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Employer Paid Basic Life / AD&D

Supplemental Employee Paid Life / AD&D Purchase Coverage for You Purchase Coverage on your Spouse Purchase Coverage on you Children

Employee Paid Dental

Employee Paid Short-Term Disability

Employee Paid Vision

Your Coverage's

LIFE INSURANCE•Employer Paid Life/AD&D

•Supplemental, Employee Paid Life/AD&D

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Who gets this benefit?

– only for those who are enrolled in Medical Insurance

Who pays for this?

-100% paid for by Horizon Carpentry

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EMPLOYER Paid Life / AD&D

Basic Life: provides a benefit in the event of death Flat $15,000

Accidental Death and Dismemberment: provides a benefit in the event of accidental death or dismemberment resulting from a covered accident

Flat $15,000

Plan Maximum $15,000

Age Reduction FormulaBenefit reduces 35% at age 65,

50% at age 70

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Supplemental EMPLOYEE Paid Life/AD&D Insurance

A NEWNEW benefit for employees to buy additional Term Life Insurance on themselves, your spouse, and child through your employer

Why do I need additional Life Insurance??#1 Risk you can financially protect yourself against = DEATH

Yet many Americans have NO Life insurance - Nearly 1 out of every 5 employees with financial dependents have NONO life insurance coverage

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MetLife’s Supplemental EMPLOYEE Paid Life/AD&D

HIGHLIGHTS

1. Convenience – monthly payment is payroll deducted

2. AFFORDABLE / INEXPENSIVE• $100,000 of Whole Life Coverage costs a 40 year old ~$100 per month

$100,000 of Term Life Coverage costs $24 per month

3. High Guaranteed Issue Amounts: One time enrollment w/ NO medical underwriting– GUARANTEED issue on employee & spouse purchases

4. Portable – if you leave your job, you can take your coverage with you

5. No Age Reduction Schedule – purchased benefit stays the same amount through 80 years of age

6. Free “Living Benefits” for those who participate• Living Will and Power of Attorney – Hyatt Legal Services

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How do I buy?

1. Determine the amount of coverage you need

– Items to consider: Life Insurance you already have, how much money you want to provide to a

beneficiary in the event you pass away, and debt you will pass down when on dies

2. Calculate the amount of you will be charged

– use chart below, reflected costs are based on MONTHLY premiums to be charged

3. Make sure to check off election on application

NOTE - Spouse election must be 50% of employees chosen amount

Rules1.Need 10 employee participants to offer coverage

2.Rates portrayed automatically include AD&D

3.Employee and spouse rate s are based on age in table below

DENTAL INSURANCEEmployee Paid

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EMPLOYEE Paid Dental Insurance

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Who gets this benefit?

– Employees can buy coverage for themselves, spouse, and dependents

Who pays for this?

-100% paid for by the employeeemployee

How much does it cost?Monthly Rates

Employee Only – $32.94

Employee & Spouse – $65.86

Employee + Child(ren) – $68.91

Employee + Family - $105.20

Why should YOU buy dental insurance?Why should YOU buy dental insurance?

1)According to the National Institute of Health, tooth decay remains the most prevalent chronic disease in both children and adults, even though it is largely preventable.

2)Research reveals there's an association between dental disease and increased risk for systemic conditions – diabetes and cancer to name a few

3)Over 164 million work hours and 51 million school hours are lost each year due to dental problems.

Dental Plan Design

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Preventative = X-Rays, Cleanings, & Fluoride

Restorative = Fillings, Simple Extractions, & Periodontal Maintenance

Major = Root Canal, Oral Surgery, Bridges, Dentures, Implants, & Crowns

SHORT TERM DISABILITY INSURANCEEmployee Paid

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EMPLOYEE Paid Short Term Disability Insurance

A NEWNEW benefit for employees to buy Short Term Disability Insurance to protect one’s income in a situation where one becomes disabled and is no longer able to work/earn an income

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Why do I need Disability Coverage??#1 MOST important day to day risk you should cover = Earning Potential (the ability to earn)

ITEMS to CONSIDERMonthly Paycheck – does your income support your family

Monthly Bills – how would you pay for ongoing charges and fees without an income

60% of employees indicated they are very concerned about having enough money to pay bills during a period of sudden income loss

POTENTIAL IMPACTS OF A DISABILITY1.FINANCIAL – loss of income due to inability to work PLUS the potential for increased expenses due to the disability such as: medical expenses, home care, etc.2.NON FINANCIAL -

•Mental Health•Stress•Divorce

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EMPLOYEE Paid Short Term Disability Program

HIGHLIGHTS• Affordable

• ALL Benefit Elections Are Guarantee Issue at Initial Enrollment

– True buy-up, incremental plan, NO underwriting applies.

HOW MUCH WILL THE PROGRAM PAY ME IF I MAKE A CLAIM FOR DISABILITY?

Benefit Amount – 60% of your weekly earnings

Max Weekly Benefit - $1,000

– Employees can purchase equal to or less than 60% of their predisability WEEKLY base earnings down to a minimum benefit purchase of $100 per week, in $50 increments

Example - Women making $1,000 / week would be eligible to receive a $600 / week disability check. Women can

elect her coverage for less than what the plan design call for. She prefer to purchase $300 / week instead.

– Benefit will pay out for up to 13 weeks, 8 weeks for maternity

How Do I Buy?

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1. Determine the amount of coverage you need

– Consider: amount of money one needs to cover

themselves if disabled on weekly basis – mortgage,

rent, car insurance, groceries, medical bills, ect.

2. Calculate the amount of you will be charged

– use chart below, reflected costs are based on

MONTHLY premiums to be charged

(Election CANNOT exceed 60% of weekly earnings to a

maximum amount of $1,000)

Program RulesNeed 10 participants to offer

coverage

VISION INSURANCEEmployee Paid

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EMPLOYEE Paid VISION Insurance

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Who gets this benefit?

– Employees can buy coverage for themselves, spouse, and dependents

Who pays for this?

-100% paid for by the employeeemployee

How much does it cost?Monthly Rates

Employee Only – $8.27

Employee & Spouse – $16.59

Employee + Child(ren) – $15.56

Employee + Family - $23.83

Why should YOU buy VISION Why should YOU buy VISION insurance?insurance?

Research shows that what employees value most in vision benefits is overall

savings on premiums and out-of-pocket expenses for themselves and their

families. However, choice is also very important. Employees want to be able

to go to different types of eye doctors — some prefer ophthalmologists and

others optometrists. And they want to be able to choose from a variety of

providers from private-practice providers to retail chains. Finally, they want

access to a wide variety of quality eyewear.

VISION Plan Design

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THANK YOU / APPENDIX