Class of Employees

All full-time hourly and salaried employees of Staker & Parson Companies, as defined by company policy, excluding temporary and seasonal employees.

Waiting Period

1st day of the month following the date he completes 3 months of continuous employment with Staker & Parson.

Basic Life Benefit

$50,000 - will reduce to 50% at age 70 and terminate at retirement

AD&D Rider

$50,000 - will reduce to 50% at age 70 and terminate at retirement.

Dependent Life

$2,000 for spouse and each child less than 19 years of age, students 19 years of age but less than 26 years of age.

Accelerated Death Benefit

Up to 50% of the Basic Life Insurance in force to a maximum of $25,000.  Employee must have at least $10,000 in Life Insurance in-force to qualify for this benefit.

Waiver of Premium

The Covered Person's premium payment will be waived on a monthly basis, beginning the first day of the month after the month he became Totally Disabled, if he:

1. becomes Totally Disabled before age 60;

2. remains Totally Disabled continuously for at least 9 consecutive months;

3. gives proof of Total Disability, as required.

Prudential

Customer Service: 
Contact Ogden HR