MMC Benefits Handbook
Additional Benefits
Will my beneficiary receive an additional benefit if I was wearing my seat belt or air bag deployed in a car accident that resulted in death?
There is a benefit of the lesser of $50,000 or 10% of your principal sum if you were wearing a properly fastened seat belt and the automobile air bag system properly inflated upon impact during a car accident that caused death.
Does the Plan cover worldwide terrorism?
The Plan covers loss resulting from worldwide terrorism regardless of whether they are also considered to be acts of war. This includes terrorism while on any premises of the Company, subject to the policy aggregate limit of $50,000,000 per event. However, the Plan's insurer has the right to discontinue this coverage with 10 days' notice to the Company, in which case a benefit will not be paid.
Does the Plan cover losses sustained as a result of a bomb?
The Plan covers loss resulting from a bomb explosion, threat of bombing, bomb scare or bomb search on any premises of the Company subject to the policy aggregate limit of $50,000,000 per event.
Does the Plan cover losses sustained as a result of a hijacking/skyjacking?
The Plan covers loss resulting from a hijacking/skyjacking or any attempt, threat, and exposure resulting from the hijacking/skyjacking.
Does the Plan provide worldwide war risk coverage?
The Plan does not cover loss resulting from declared or undeclared acts of war in the United States, Iraq or the employee's country of permanent residence or assignment (if more than 365 days). The Plan covers losses occurring in any other designated war risk territory worldwide; however, the Plan's insurer has the right to discontinue this coverage with 10 days' notice to the Company, in which case a benefit will not be paid.
Does the Plan pay benefits in case of exposure?
If the body of an employee is unavoidably exposed to the elements and as a result of such exposure suffers a loss with the meaning of the policy, the loss would be covered.
Does the Plan pay benefits in case of a disappearance?
If the body of the employee has not been found within one year of the disappearance, forced landing, stranding, sinking or wrecking of a conveyance in which you were an occupant, then it will be deemed that you suffered loss of life within the meaning of the policy.
If I become injured or ill as a result of an accident caused by a third party, what happens to any payment I may receive?
To the maximum extent permitted by law, the Plan is entitled to equitable or other permitted remedies, including a lien or constructive trust, to recover any amounts received as a result of a judgment, settlement or other means of compensation for conditions or injuries which have resulted in the payment of benefits under this plan. This will include, but is not limited to, damages for pain and suffering and lost income.
The Plan is entitled to recover these amounts from you, any covered family member or beneficiary, or any other person holding them, up to the amount of all payments made or payable in the future. The Plan has no priority to any and all funds recovered in any full or partial recovery, including funds intended to compensate for attorney's fees and other expenses.
As a condition of receiving benefits under this Plan, you agree that:
  • you will promptly notify the Claims Administrator of any settlement negotiations, settlement, or judgment in any litigation related to an event or condition for which you have received, or expect to receive, benefits under this Plan; and
  • future benefits (even for an unrelated event or condition) may be reduced by the amount of any judgment or settlement, or similar compensation which the Plan would be entitled to under the rules above but is unable to recover.