Life & Disability Insurance
Life and Disability insurance can bring financial peace of mind that you will be able to provide for your loved ones if you should pass away or experience an injury or illness.
Inditex partners with The Hartford to provide benefits that help you protect your paycheck and your family. You have the option to enroll in these policies online during your initial enrollment period.
The Hartford Group Term Life Insurance
The Hartford Group Term Life Insurance
Group Term Life helps provide financial protection in the event that something were to happen to you. Term life is a simple and inexpensive form of life insurance, which builds no cash value. Rates change with age and coverage reduces to 65% at age 65 and to 50% at age 70. Changes take effect on the October 1st following your birthday.
Employees may purchase coverage on their own life in $10,000 increments up to a maximum of $250,000 (not to exceed 5x your salary). The guarantee issue (GI) amount is $150,000.
Employees may also purchase coverage for their spouse in increments of $5,000 to a maximum of $100,000 (not to exceed 50% of the employee’s election). The guarantee issue (GI) amount is $30,000 and premiums are based on the employee’s age.
Child life insurance is available in $5,000 or $10,000 (not to exceed 50% of the employee’s election).
When you first become eligible, you can elect to purchase Voluntary Life Insurance coverage for yourself and your family up to the GI amounts. Any elections made above the GI amounts will require you to submit Evidence of Insurability (EOI). Employees who wish to enroll in a future year may be required to submit EOI, depending on the coverage amount selected.
Short-Term Disability
Employees are covered for Short-Term Disability (STD) up to 26 weeks following a 7-day waiting period for accident and sickness. Weekly benefits are 50% of compensation up to $170 per week. The company pays the full cost of your STD insurance premium.
NOTE: Employees working in states that have statutory disability plans are covered under the required state benefit and not under this STD plan (states: CA, HI, NJ, NY, RI).
The Hartford Short-Term Disability Buy-Up
The Hartford Short-Term Disability Buy-Up
Employees may choose to purchase additional Short-Term Disability coverage above the company paid plan. The Buy-Up STD plan covers up to 26 weeks following a 7-day waiting period for accident and sickness. Weekly benefits are 60% of compensation up to $750 per week. This additional coverage is paid by the employee on a post-tax basis and will vary depending on age. Pre-existing limitations apply.
NOTE: Employees working in NJ, RI & CA are not eligible for voluntary short term disability, as these states provide a rich statutory short-term disability benefit to you.
Employees who waive coverage when first eligible but wish to enroll in a future year are required to submit EOI.
The Hartford Long-Term Disability Insurance
The Hartford Long-Term Disability Insurance
The Hartford Voluntary Long-Term Disability (LTD) coverage replaces a portion of your pay to help you meet your income needs while you’re out of work. You’re paid whether you become sick or are hurt on or off the job. The plan covers 60% of your salary to a maximum of $12,000 per month. Benefits begin at 180 days after disability and end at recovery or 5 years. This benefit is paid 100% by employees on a post-tax basis and will vary depending on age. Pre-existing condition limitations apply.
You’ll receive benefit payments each month that can help you keep up with your bills. You can also spend the money on food, child care and other necessities.
If you choose not to enroll in our Voluntary LTD plan during your new hire enrollment period but wish to enroll in the future, Evidence of Insurability will be required in order to enroll in coverage.
Health & Wellness
Voluntary Benefits