Discovery, Inc. Executive Benefit Summary
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.