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Health Care Benefits:
Medical Coverage |
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- Health Insurance with Blue Cross & Blue
Shield.
- May elect coverage for yourself, spouse,
and your dependents.
- Coverage begins after 30 days of employment.
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Dental Coverage |
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- Dental Insurance with Mutual of Omaha Insurance.
- May elect coverage for yourself, spouse,
and your dependents.
- Offered to all employees working more than
30 hours per week.
- Becomes effective the first of the month
following 30 days of employment.
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Vision Coverage |
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- Health Insurance with Blue Cross & Blue
Shield.
- May elect coverage for yourself, spouse,
and your dependents.
- Receive a 10-20% discount at Doctors Vision
Center and Optometric Eye Care Center on glasses,
contact lenses, and eye examinations.
- Offered to all employees working more than
30 hours per week.
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Long Term Disability
(LTD) |
- The Bank provides additional insurance protection
against the loss of income when an employee
is disabled as a result of an accident or
illness.
- Becomes effective following the first 90
days of employment.
- The plan will pay the disabled employee
60% of his monthly salary up to $8000.00.
- Offered to all employees working more than
30 hours per week.
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Life Insurance |
- Eligible to all employees
- Amount of Life Insurance is your base salary
x 3, to a maximum of $300,000.
- Accidental Death & Dismemberment Principal
Sum is your base salary x 3, to a maximum
of $300,000.
- The benefit amounts above reduce by 35%
at age 65 and further reduce to 50% of the
original amount at age 70. All benefits terminate
at retirement.
- Amount of Dependent Life Insurance for a
spouse is $2,500.
- Amount of Dependent Life Insurance for child(ren)
older than 15 days, but less than 6 months
is $250.
- Amount of Dependent Life Insurance for child(ren)
older than 6 months, but less than 19 years
(23 year is a full-time student) is $2,500.
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© First South Bancorp, Inc. All Rights Reserved. Member FDIC. Equal Housing Lender. |
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