Discovery Communications Executive Benefits Summary (Long-Term Care, Disability, and Life Insurance)
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Summary
Discovery Communications, LLC provides certain eligible U.S. executives with employer-paid long-term care and long-term disability insurance, as well as the option to purchase supplemental group variable universal life insurance. The long-term care insurance is provided by Prudential, the disability insurance by MassMutual, and the life insurance by MetLife. Key benefits include daily and monthly benefit limits, guaranteed issue coverage, and the ability to elect additional life insurance coverage. Discovery pays the premiums for the long-term care and disability policies for eligible executives.
EX-10.4 5 a20201231-ex104.htm EX-10.4 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.
Group Variable Universal Life (GVUL) Insurance – The GVUL is a supplemental life insurance offering insured by Metropolitan Life Insurance Company. Eligible U.S. participants have the option to elect supplemental life insurance coverage in multiples of up to 5 times eligible annual earnings.
