{"id":11437,"date":"2024-03-14T15:58:47","date_gmt":"2024-03-14T15:58:47","guid":{"rendered":"https:\/\/commpart.com\/renovo\/?page_id=11437"},"modified":"2025-10-20T14:24:28","modified_gmt":"2025-10-20T19:24:28","slug":"life-disability-business-travel-accident","status":"publish","type":"page","link":"https:\/\/commpart.com\/renovo\/life-disability-business-travel-accident\/","title":{"rendered":"Life, Disability & Business Travel Accident"},"content":{"rendered":"\t\t
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Life, Disability & Business Travel Accident<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Life and Accidental Death & Dismemberment (AD&D)<\/h2>\n

Renovo\u2019s Life and AD&D, Disability, and Voluntary Benefits are provided through The Hartford.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tWant to learn more? Check out this video.<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Basic Coverage<\/h3>\n

Protecting your family\u2019s financial security in the event of your death or a serious injury is an important part of planning for the future. As a Renovo employee, you automatically receive $50,000 in Basic Life and AD&D coverage, at no cost to you.<\/p>\n

Supplemental Coverage<\/h3>\n

In addition to your basic coverage, you have the option to purchase Supplemental Life and AD&D coverage for yourself, your spouse, and your child(ren). This additional coverage can help provide extra financial protection for your family. See the chart for available coverage amounts.<\/p>\n\n\n\n\n\n\n\n\n\n
Benefit Features<\/strong><\/th>\nSupplemental Life and AD&D Options*<\/strong><\/th>\n<\/tr>\n
Employee<\/th>\nSpouse<\/th>\nDependent Child(ren)<\/th>\n<\/tr>\n<\/thead>\n
Coverage Options<\/strong><\/td>\n$10,000 increments<\/td>\n$5,000 increments<\/td>\n$250 (under 15 days)
$1,000 (15 days – 26 years)<\/td>\n<\/tr>\n
Maximum<\/strong><\/td>\nLesser of 5x salary or $750,000<\/td>\n$150,000**
(cannot exceed 50% of employee coverage)<\/td>\n		$10,000<\/td>\n<\/tr>\n
Guaranteed Issue Amount<\/strong><\/td>\n$200,000<\/td>\n$50,000<\/td>\n<\/tr>\n
Guaranteed Issue Period<\/strong><\/td>\nWithin 30 days of benefits eligibility or a qualifying life event<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*Evidence of Insurability (EOI) may be required.<\/p>\n

**Federal tax law requires Renovo Home Partners to report the cost of company-paid life insurance in excess of $50,000 as imputed income.<\/p>\n

Disability<\/h2>\n

If an illness or injury keeps you from working, STD and LTD \u00a0coverage help replace part of your income so you can focus on recovery instead of finances.<\/p>\n

Short-Term Disability<\/h3>\n

This Voluntary STD plan offers income protection if you need time away from work to recover from sickness or injury.<\/p>\n\n\n\n\n\n\n
Voluntary STD<\/strong><\/th>\n<\/tr>\n
Percent of Earnings<\/th>\nWeekly Maximum<\/th>\nElimination Period<\/th>\nMaximum Duration<\/th>\n<\/tr>\n<\/thead>\n
60%<\/td>\n$2,000<\/td>\n14 days<\/td>\n11 weeks<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Long-Term Disability (LTD)<\/h3>\n

You\u2019re automatically enrolled in the Core LTD plan at no cost to you. If you\u2019d like more protection, you can choose to add Buy\u2011Up LTD coverage for an additional premium. LTD benefits are coordinated with other income you may receive, such as Social Security or workers\u2019 compensation.<\/p>\n\n\n\n\n\n\n
Core & Buy-Up LTD<\/strong><\/th>\n<\/tr>\n
Percent of Earnings<\/th>\nMonthly Maximum<\/th>\nElimination Period<\/th>\nMaximum Duration<\/th>\n<\/tr>\n<\/thead>\n
Core: 40%
Buy-Up: +20%<\/td>\n		$10,000<\/td>\n90 days<\/td>\nUp to Social Security Normal Retirement Age<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Business Travel Accident (BTA)<\/h2>\n

Renovo provides BTA insurance at no cost through The Hartford. This coverage pays a benefit to you or your loved ones if you are accidentally killed or injured while traveling on company business, including local business travel.<\/p>\n

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Coverage Amounts <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/i><\/span>\n\t\t\t<\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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