MMC Benefits Handbook
Glossary
Actively-At-Work
You are "Actively-At-Work" if you are fulfilling your job responsibilities at a Company-approved location on the day coverage is supposed to begin (e.g., you are not out ill or on a leave of absence).
Annual Benefits Base Rate
Annual base salary (excluding overtime, bonuses, commissions, and other extra compensation), annual MMA producer salary, guaranteed annual draw and the average of the last two years' commissions.
Beneficiary
The person(s) or entity you designate to be entitled to benefits when you die. For Personal Life Insurance and Voluntary AD&D you are automatically the beneficiary if a covered family member dies.
Coma
Coma/comatose means profound state of unconsciousness from which you cannot be aroused to consciousness, even by powerful stimulation, as determined by a physician. The coma must continue for 30 continuous days.
Commissions
Commissions earned that have been paid.
Dismemberment
The loss of one or more arms, legs, hands, feet, hearing, speech, or eyesight because of an accident that doesn't cause death.
Guaranteed Annual Draw
Guaranteed Annual Draw means a draw against commissions not subject to retroactive deduction.
Salary
For Marsh & McLennan Companies employees (other than MMA):
Salary for the purpose of the Plan is your annual base salary (excluding overtime, bonuses, commissions, and other extra compensation).
For MMA employees:
Salary for the purpose of the Plan is your annual base salary (excluding overtime, bonuses, commissions, and other extra compensation) or your annual benefits base rate. Annual Benefits Base Rate includes your annual base salary, your annual MMA producer salary, your guaranteed annual draw and the average of the last two years' commissions. Note: the benefit payable for employees with an annual benefits base rate will equal five times the average commissions received over the last two year term with a minimum benefit of $750,000 and a maximum benefit of $2,000,000.