Insurance

Disability Insurance

Disability Insurance Plans Overview

Starr provides coverage to help protect your income in the event of a disability. A serious illness or injury can cause significant financial hardship for your family. Disability insurance, provided through Prudential, replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.

Starr’s short-term disability coverage provides you with:

Automatic, company-paid coverage; no need to enroll.
Benefits that start after seven days of disability.
Percent of salary payment is based on years of service.
Up to 26 weeks of benefits.

Starr’s long-term disability coverage provides you with:

Automatic, company-paid coverage; no need to enroll.
Benefits that start after you have been disabled for 26 weeks.
Payments equal to 50% of your salary, up to a maximum of $20,000 per month.

Buy-up LTD

You may choose to purchase an additional 10% of LTD insurance to receive a total of 60% of your salary, up to a maximum of $20,000 per month.
Coverage is optional and employee-paid; you can enroll on the Workday website as a new hire.
This coverage is provided through Prudential.

For more information, see each section below.

Short-Term Disability

The Starr Short-Term Disability benefit provides you with salary continuation in the event of an unexpected illness or disability. You do not need to enroll for this benefit. Starr provides this benefit to you through Prudential, at no cost to you. If you become ill or disabled, your Short-Term Disability coverage will provide the following benefits:

Following the seventh consecutive calendar day during which you are disabled, Short-Term benefits may be paid for up to a period of 25 weeks during a rolling 52-week period.
Salary continuation (50%, 80% or 100%) for all or a portion of the first 26 weeks (excluding one week waiting period) of disability is based on your years of service, as shown in the benefits schedule below.

SHORT-TERM DISABILITY BENEFITS SCHEDULE
Years of Service	Benefits Provided
New Hire to 30 Days	No benefit provided
31 Days up to 3 Years	2 weeks at 80% then 23 weeks at 50%
3 Years up to 5 Years	4 weeks at 80% then 21 weeks at 50%
5 Years up to 10 Years	12 weeks at 80% then 13 weeks at 50%
10 or More Years	25 weeks at 100%

Long-Term Disability

The Starr Long-Term Disability benefit offers you extended salary replacement protection beyond the payment period of Short-Term Disability benefits. Starr provides the Core Long-Term Disability Insurance at no cost to you through Prudential. You will automatically be enrolled in the core 50% LTD benefit. Enrollment is required for the buy-up option. You also have the option to choose to be covered with 60% of your base monthly salary for a fee. The monthly salary replacement may be reduced by other disability and/or Social Security benefits that you are eligible to receive.

Visit https://www.myworkday.com/starrcompanies for coverage options and costs.

Note: Employee contributions (if you choose buy-up coverage) will be deducted on a post-tax basis. As a result, any benefits received under the Buy-up Coverage Plan will not be subject to income tax.

PLAN	COVERAGE	COST	MAXIMUM MONTHLY BENEFIT	MINIMUM MONTHLY BENEFIT
Core	50% of your base monthly salary	Employer-Paid (Automatically enrolled – at no cost to you)	$20,000	$100 or 10% of the benefit based on your monthly income before the deduction of other Buy-up income benefits
Buy-Up	An additional 10% of your base monthly salary (60% total)	Employer-Paid (Fees displayed during enrollment)	$20,000

Basic Life and AD&D Insurance

To help protect the financial well-being of your loved ones, Starr provides basic life insurance, accidental death and dismemberment (AD&D) insurance, and business travel accident insurance for employees — at no cost to you. You also have the opportunity to purchase supplemental coverage.

2025 Life and AD&D Insurance Plans

Basic Life and AD&D Insurance

Starr provides basic life and AD&D insurance to assist you and your family in the event of a death or dismemberment. These benefits are fully paid by the company and coverage is automatic — you do not need to enroll.

Benefits are equal to:

Basic life insurance:

One times your annual base salary, rounded to the next highest $1,000, up to a maximum of $500,000, or
A minimum benefit of $50,000, if your salary is less than $50,000.

Basic AD&D insurance:

One times your annual base salary, rounded to the next highest $1,000, up to a maximum of $500,000, or
A minimum benefit of $50,000, if your salary is less than $50,000.

Life insurance benefits are one of the most important means of personal security offered to you. Starr provides you with Basic and Supplemental Life Insurance and Basic AD&D Insurance coverage at no cost to you through Prudential. You are eligible on your first day of employment and will be automatically enrolled once you complete the benefit election event. You have access to Prudential’s robust member site with resources and tools to help you estimate your coverage needs. The following is a summary of coverage:

BASIC GROUP OF LIFE INSURANCE BENEFIT	BASIC AD&D INSURANCE BENEFIT
In the event of your death, your designated beneficiary(ies) will receive: One times your annual base salary, rounded to the next highest $1,000, up to a maximum of $500,000, or A minimum benefit of $50,000, if your salary is less than $50,000.	In the event you die as a result of an accident, your designated beneficiary(ies) will receive: One times your annual base salary, rounded to the next highest $1,000, up to a maximum of $500,000, or A minimum benefit of $50,000, if your salary is less than $50,000.

Note: All benefits are reduced by 35% when you reach age 65 and by 50% when you reach age 70.

Optional Life and AD&D Insurance

In addition to the Basic Life Insurance and Basic AD&D Insurance coverage provided to you by Starr, you may increase your own coverage by purchasing supplemental insurance for you and/or your eligible dependents through Prudential. You must enroll to initially participate. After that, your current election will roll forward into next year. All benefits-eligible active employees who are citizens or legal residents of the United States, its territories and protectorates, along with their spouse and dependents, are eligible to enroll in Optional Life Insurance and/or Optional AD&D Insurance. Employee contributions: Visit Workday for coverage options and costs. You pay the full cost of this coverage, which is provided through Prudential. You must purchase coverage for yourself in order to purchase it for your dependents.

Note: All benefits are reduced by 35% when you reach age 65 and by 50% when you reach age 70.

Need help calculating how much life insurance you need? Check out the Prudential Life Insurance Calculator.

Optional Employee & Dependent Life Insurance

The following is a summary of your Optional Life Insurance Coverage options:

EMPLOYEE OPTIONAL LIFE INSURANCE OPTIONS	DEPENDENT TERM LIFE INSURANCE OPTIONS
You may choose: One, two, three, four, five or six times your annual salary, rounded to the next highest $1,000, up to a maximum of $1,000,000	You may choose: Spousal Coverage: $50,000 Dependent Children: $4,000 for each child

Note: Spouse and Dependent Life Insurance premiums can be found in Workday.

Supplemental life insurance for you and your spouse/partner over a certain benefit amount may require evidence of insurability (EOI), or proof of good health. You will receive more information after electing coverage if EOI is required.

Optional AD&D Insurance

Optional AD&D is another source of income protection for you and your family in the event of a non-work-related death or accident. This plan offers you a choice of both employee and family coverage as follows:

EMPLOYEE SUPPLEMENTAL AD&D OPTIONS	DEPENDENT TERM AD&D OPTIONS
You may choose: One, two, three, four, five or six times your annual salary, rounded to the next highest $1,000, up to a maximum of $1,000,000	You may choose: One, two, three, four, five or six times your annual salary, rounded to the next highest $1,000, up to a maximum of $1,000,000

Note: If you enroll yourself, your spouse or your dependents in the Optional Life Insurance Plan during your first 31 days of employment, your coverage is effective on the day you enroll. If you enroll in Optional Life Insurance as a new hire, you may enroll up to the Guarantee Issue amount (3X salary up to $500,000) without providing an Evidence of Insurability. Elections above this amount will require an Evidence of Insurability, which is subject to review and approval by the carrier before your enrollment above the guarantee issue amount will be effective.

Business Travel

The Starr Business Travel Accident Insurance Plan provides income protection for you and/or your family in the event that you die or have an accident while traveling on Starr business. This coverage is provided to you automatically through Ace Travel.

Coverage is provided at no cost to all full-time and part-time active employees. The benefit payable due to loss of life while traveling on business is equal to:

Five times your annual base salary rounded to the next highest $1,000, up to a maximum of $5,000,000.

In the event of a medical emergency, call Ace’s Travel Assistance Services immediately. 24-hour access is available at:

1-855-327-1414 (toll-free).
You will need to give them the Starr Policy number: #ADD N04831202.