Basic Group Term and Voluntary Life & AD&D Basic Life and AD&D Voluntary Life and AD&D Employee Benefit 1 times Annual Salary Employees elect in $10,000 Amount +$10,000 Employee Benefit increments from $10,000 to $500,000 Maximum Benefit Employee $10,000 Amount $310,000 Minimum Benefit 1 times Annual Salary Employee Lesser of 5 times annual AD&D Benefit +$10,000 Maximum Benefit compensation or $500,000 The following shows how much benefits are Employee $150,000 reduced at certain ages: Guarantee Issue Spouse Benefit Elect in $5,000, up to Age Benefit Reduced (requires employee $250,000, not to exceed election) 100% of employee amount 65 to 65% Spouse $30,000 70 to 50% Guarantee Issue Child Benefit $5,000 or $10,000 st (requires employee Note that reductions are effective March 1 election) after 65th & 70th birthday. Child $10,000 Basic Group Term Life Insurance Guarantee Issue is provided at no cost to you. The following shows how much benefits are reduced at certain ages: Age Benefit Reduced 65 to 65% 70 to 50% Voluntary Life and AD&D Notes: st • Reductions are effective March 1 after employee’s birthday. Your cost, which is based on your age and benefit volume, will be available in PlanSource when you login to enroll. • Voluntary AD&D coverage: Benefit is automatically added for all employees and spouses who elect Voluntary Life coverage; the AD&D amount is the same as the elected Voluntary Life amount. • New Voluntary Life elections, less than the guaranteed issue (GI) amount, or STD/LTD elections, elections, made during the 2025-26 open enrollment period, do not require evidence of insurability. • New voluntary life elections or increases to current elections, over the GI amounts, will require an Evidence of Insurability (EOI) Application and approval by New York Life. A link to the EOI application will be emailed to you if it is determined that your election requires an EOI Application. Reach out to SMBO or HR with questions. Page 18 | Duncan Supply Company, Inc.| Plan Year 2025 Open Enrollment This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.