Disability Insurance/Life Insurance and AD&D

Disability Insurance/Life Insurance and AD&D

Life is unpredictable. Disability, Life, and Accidental Death & Dismemberment (AD&D) insurance through Unum can provide financial peace of mind when you or your loved ones need it most.

• Disability Insurance replaces part of your income if you’re unable to work due to illness or injury.

• Life Insurance provides a payout to your beneficiaries if you pass away.

• Accidental Death & Dismemberment (AD&D) offers added protection in case of a serious accident.

Read below to see how these benefits can help you and your family stay financially secure during life’s toughest moments.

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• Disability Insurance

  La-Z-Boy offers Short- and Long-Term Disability protection to provide peace of mind and financial stability during challenging times. Coverage offered varies based on employment status and work location.

  Short-Term Disability

  La-Z-Boy provides STD coverage automatically (no enrollment) at no cost to you. Short-Term Disability benefits replace a portion of your income if you become disabled on a short-term basis. Benefits are payable to you if you are unable to work due to a non-work-related injury or illness for more than seven days in a row. However, Injury, surgery, or overnight hospitalization benefits begin on day one. The level of coverage depends on your employment status.

  Long-Term Disability

  La-Z-Boy offers hourly and salary grades 1-12 employees the opportunity to purchase Long-Term Disability (LTD) through Unum. LTD provides income protection if you experience a disabling condition that lasts longer than six months, picking up where STD coverage left off.

  You can choose between two Voluntary LTD options: one plan provides a disability income benefit for a maximum of two years, while the other offers an income benefit for a maximum of five years. You pay 100% of the cost of these benefits through after-tax payroll deductions but are able to take advantage of discounted group rates.

  You can find the LTD two (2) and five (5)-year rates in Workday.

  Visit unum.com to register for an account.

• Life Insurance and AD&D

  Employee Basic Life & AD&D

  Fully paid by La-Z-Boy for regular full-time employees. Benefit amounts vary.

  Employee Voluntary Life

  Regular full-time employees can purchase additional coverage with after-tax dollars.

  Coverage options: Choose up to $500,000 (in $10,000 increments).

  Dependent Voluntary Life

  If enrolled in Employee Voluntary Life, you may also purchase coverage for your dependents with after-tax dollars.

  Coverage options:

  • Spouse: Up to 50% of employee coverage. (No health questions are required for amounts up to $20,000).

  • Dependent children: Choose $1,000, $2,000, $5,000, or $10,000.

  Reminder: Life changes like marriage, children, or other milestones can affect who you want to receive your life insurance benefits. Make sure your beneficiary information is current in Workday so your coverage reflects your wishes.