Executive Benefits Summary between Discovery Communications, LLC and Eligible Executives
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Summary
Discovery Communications, LLC provides certain eligible executives with company-paid long-term care and long-term disability insurance. The long-term care insurance, insured by Prudential, offers benefits such as up to $150 per day for institutional care. The supplemental long-term disability insurance, insured by MassMutual, provides up to $10,000 per month in benefits without medical underwriting. Discovery covers the premiums for these policies, ensuring additional financial protection for qualifying executives.
EX-10.23 2 a20231231-ex1023executiveb.htm EX-10.23 Document
Executive Benefits Summary
Executive Long-Term Care Insurance – The Discovery Communications, LLC., Group Long-Term Care Insurance is insured by The Prudential Insurance Company of America. Discovery pays the policy premiums for certain eligible executives. The employer-paid executive long-term care plan includes coverage features such as an Institutional Daily Benefit of up to $150.
Executive Long-Term Disability Insurance – As a supplement to group long-term disability coverage, The Discovery Communications Executive Long-Term Disability offering provides eligible employees the opportunity to obtain coverage under a supplemental individual disability income insurance policy, insured by MassMutual Life Insurance Company. Discovery pays the policy premiums for certain eligible U.S. executives. Coverage features include up to a $10,000 monthly benefit on a guaranteed standard issue basis with no medical underwriting.
