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. Employee Benefit Amount 1 times Annual Salary +$10,000 Maximum Benefit Amount $310,000 AD&D Benefit 1 times Annual Salary +$10,000 The following shows how much benefits are reduced at certain ages: Age Benefit Reduced 65 to 65% 70 to 50% Note that reductions are effective March 1st after 65th & 70th birthday. Basic Group Term Life Insurance is provided at no cost to you. Employee Benefit Employees can choose benefit amounts in $10,000 increments from $10,000 to $500,000 Employee Minimum Benefit $10,000 Employee Maximum Benefit $500,000, not to exceed 5 times your annual salary Employee Guarantee Issue $100,000 Spouse Benefit (requires employee election) Increments of $5,000, up to $100,000, not to exceed 100% of employee amount Spouse Guarantee Issue $30,000 Child Benefit (requires employee election) $5,000 or $10,000 Child Guarantee Issue $10,000 The following shows how much benefits are reduced at certain ages: Age Benefit Reduced 65 to 65% 70 to 50% Basic Group Term and Voluntary Life & AD&D Basic Life and AD&D Voluntary Life and AD&D Voluntary Life and AD&D Notes: • Reductions are effective March 1st 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.