Additional Insurance

Accident insurance helps protect you against losses due to accidents on or off the job. As a Pinnacle employee, you are automatically covered by this additional insurance at no cost to you. AD&D is a benefit paid in the event of dismemberment or as an addition to your life insurance if death results from an accident. 

• Pinnacle provides a protection policy for employees in the amount of $50,000.  
• This plan begins immediately when you become eligible for benefits.  
• AD&D insurance has a Benefit Reduction Schedule. Coverage is reduced to 65% starting at age 65, 45% at age 70, 30% at age 75 and 20% at age 80. 

In addition to the Pinnacle-provided protection policy, you have the option to purchase additional accidental death and dismemberment (AD&D) coverage through an after-tax payroll deduction for you and/or your family. 

Pinnacle provides life insurance coverage to help ease the financial burden on you and your family in the event of a death.

• The employee policy is in the amount of $50,000 and begins immediately when you become eligible for benefits.
• Pinnacle also provides $5,000 for your eligible spouse and $2,000 for each eligible dependent child.
• You have the option to purchase additional supplemental life insurance through payroll deduction.
• The supplemental plan is an individual policy. If you leave Pinnacle, you may continue coverage.
• The policy includes a guaranteed issue amount up to $200,000, not to exceed five times your annual salary when you enroll within 31 days of becoming eligible for insurance or have a qualifying family status change.
• Life benefits will be reduced to 65% at 65, 45% at age 70, 30% at age 75 and 20% at age 80.

Rates and Coverage

This plan provides you with short-term income protection beginning on your first day of employment. The plan covers pregnancy and other short-term surgical or medical leaves that are non-work related. It is a taxable benefit.

How it works

• There is seven-day elimination period where you’ll use accrual time. If no accrual is available, you’ll go without pay during this time.
• Once the elimination period is over, you’ll be paid 100% of your base salary and cost-of-living adjustments (COLA), up to a $750 weekly benefit, through the sixth month on approved disability.
• After the sixth month, you may be eligible for long-term disability, if approved.
• Short-term disability benefits will be reduced by the amount of other income benefits you receive.

You have the option to purchase long-term disability (LTD) protection in the event an injury or illness continues beyond 180 days.  

• Plan pays 60% of your base salary, up to a maximum of $6,000 per month (earnings will be reduced by the amount of other income benefits you receive). 
• Weekly premium is $12 – $15. 
• Once approved for long-term disability, you are no longer considered an active employee. 
• Your medical, dental and vision coverage will remain in effect for six months and basic life insurance coverage will continue through the duration of your approved LTD. All other benefits will end on the date LTD becomes effective. 
• To use this coverage, you must be actively enrolled with premiums paid. 

If you do not purchase the voluntary long-term disability coverage during your first 31 days of being eligible, you can still enroll but your application will be subject to Evidence of Insurability.