Life, AD&D and Disability Benefits
Administered by Lincoln Financial Group
Lincoln Financial Group (LFG) administers the following benefits:
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Basic Life and Accidental Death and Dismemberment (AD&D) Insurance
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Supplemental Life and AD&D Insurance
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Employer-Paid Short-Term Disability (STD)
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Employer-Paid Long-Term Disability (LTD)
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For all leave and disability claims, call Lincoln Financial at 888-408-7300. Or file a claim online at www.MyLincolnPortal.com (company code: OTSUKAAMERICA).
Basic Life, AD&D and BTA
​Otsuka pays for your basic life, AD&D and BTA coverage:
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Basic Life insurance: 2 times your annual base salary, up to $1.5 million
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AD&D insurance: Up to 5 times your annual base salary, up to $1.5 million
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BTA insurance: Up to 5 times your annual base salary, up to $1 million
Optional Life Insurance
You may purchase additional life insurance protection for yourself and your family members, including your spouse, domestic partner, and dependent children.
Optional life insurance premiums are deducted from your paycheck on an after-tax basis. You may elect up to 6 times your annual base salary, up to a maximum of $1.5 million.
During your new hire benefits enrollment window, you’re eligible to enroll in an optional life insurance amount up to the guaranteed issue without providing a statement of health.​
Guaranteed Issue Amounts:
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Employee: $250,000
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Spouse/Domestic Partner: $50,000
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Child(ren): $20,000
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Lifetime Maximum Amounts:
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Employee: $1,500,000
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Spouse/Domestic Partner: $500,000
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Child(ren): $20,000
Short-Term Disability
Short-term disability insurance benefits replace some or all of your base salary for up to six months if you become ill or disabled and are unable to work. You’re eligible for short-term disability if you are a regular, full-time employee or a part-time employee scheduled to work at least 15 to 30 hours per week.
Benefits start after you’re out of work for at least six consecutive days. Your benefit depends on how long you’ve been with Otsuka and how long you’re out of work. Click on the button below for more details.
Long-Term Disability
Long-term disability insurance benefits replace a portion of your base salary if you become ill or disabled and can’t work for more than six months. You’ll receive 60% of your base salary, up to $15,000 per month, until you return to work or you reach age 65 (whichever happens first). You’re eligible for long-term disability benefits after 180 consecutive days of total disability and are a regular, full-time employee or a part-time employee scheduled to work at least 15 to 30 hours per week.
Optional Whole Life Insurance Policy with Long-Term Care Provision
Administered by Allstate
Provided by Allstate, you may elect this coverage for you and your dependents during Open Enrollment or through your New Hire event only.
You may elect up to $150,000 of coverage which also includes a long-term care provision (at no additional cost) up to 4% of your elected death benefit amount up to 25 months.
