Broad Institute

New Voluntary Benefits

Offering:

Universal Life with Long Term Care

Legal Guard

Enrollment Process

• Employees and their eligible dependents may apply for coverage November 9 through December 11, 2009 with limited health questions required.

• Premiums are paid through convenient payroll deductions while employed here at Broad and since your policy is individually owned, it’s also fully portable if you should leave employment for any reason.

Universal Life Insurance Features

• Flexible and permanent coverage

• Cash value accumulation

• Death Benefit Restoration

• Accelerated Death Benefit

• Extension of Benefits

LifeEvents® Advantage

Universal LifeEvents is uniquely designed to match

the needs of employees as they go through life

• The LifeEvents® Advantage: For the same premium, it pays a higher death benefit during working years and continues higher living benefits during retirement years compared to traditional universal life

$33,333 Life

$100,000 Life

BeforeBenefit

Reduction

After BenefitReduction

LifeEvents® Advantage

• At the same time, your living benefits continue at the full original level so you have maximum protection when you are more likely to need long term care

Death Benefit Reduces To 1/3

(The Later of Age 70 or Policy Year 15)

$100,000 LTC

$100,000 LTC

Death Benefit RestorationDeath Benefit Restoration

When LTC LTC provides accelerated

benefits

Death Benefit RestorationDeath Benefit Restoration:

RestoresRestores

The Face AmountFace Amount and Accumulated ValueAccumulated Value (and any applicable

surrender charges)

• Accelerates 75% of death benefit when life expectancy is 24 months or less

• No cost until benefit payment is requested

• One time $200 fee in most states

• Future premiums will be waived for the 24 months during which death is expected to occur

$100,000

$74,800

Original Death Benefit Terminal Illness Benefit

Universal Life IncludesTerminal Illness Accelerated Death Benefit

Extension Of Benefits

• Extends benefits under the LTC– When the insured is still

eligible for benefits after completing the full acceleration of the original benefit

– Benefits will be extended up to the amount of the original LTC available

• Maximum issue age is 64

0 25 50

$100,000 Death Benefit With LTC Benefits :

$100,000 x 4% = $4,000 Per Month

Months of Benefits (Extended From 25 Months to 50 Months)

LTC EOB

Universal Life Optional Rider

EZ Value Increase

$1 Increase Per Week for 10 yearsUniversal LifeEvents® with LTC

Nonsmoker, age 30 at issue, $50,000 death benefit; $9.98 per week deduction

Universal Life Optional RiderChildren’s Term Rider

Covers All Children for $10,000 Up to 23 Years / Maximum Enrollment Age Is 23

– New children* are automatically insured the day after they are released from the hospital following birth

*also applies to adopted children under age 18

– Can Be Added Either to Employee’s or Spouse’s Coverage

– Grandchildren are not eligible without legal guardianship

Universal Life OptionalAccidental Death Benefit

• This rider doubles the insured’s death benefit if death occurs by accident prior to age 75

• Employees can select this rider if they are between the ages of 15 to 64

• Available for Employee, Spouse, Child and Grandchild

• Can be added on to an existing policy up to age 65

• Modified Guarantee Issue Benefit Limits– Employees 18-64, 2x salary up to $100,000– Spouse 18-64, greater of amount purchased by $4 per week or $5,000– Children:*

• Amount of coverage purchased by $4.50 per week or• $10,000 Child Term Rider

– MGI Underwriting Questions 1. Is any person to be insured now disabled, been seen by a physician or treated in a medical facility, including a doctor’s office, within the last 6 months for illness or disease (other than flu and

colds)?2. Has any person to be insured been treated for, or diagnosed by a member of the medical profession as having, Acquired Immune Deficiency Syndrome (AIDS) or tested positive on an AIDS or

Human Immunodeficiency virus (HIV) Test?

* Child cannot be covered under both individual policy and Child Term Rider. Applicant must chose coverage type.

Underwriting

– Employee up to $300,000– Spouse up to $300,000 – Full Medical Underwriting– Exams are required for certain limits

Maximum Benefit Limits

Broad Institute

New Voluntary Benefits

Offering:

Legal Guard

LEGAL PROBLEMS ARE A FACT OF LIFE IN TODAY’S COMPLICATED WORLD…

• 43% of all general practice legal matters are family lawfamily law related.

• 70% of all working employees are not preparedemployees are not prepared to face a legal problem.

• 50% of Working American Households will face one legal problem this year.

• 25% of employees will have more than one legal matter this year.

LEGAL COVERAGE FOR EVERYONE IN YOUR FAMILY – ONE LOW MONTHLY RATE!

• You as the Excusive Plan Member

• Your Spouse

• Dependent Children living at home or full-time student to age 23

• Any Disabled Child Under Your Primary Care

• Elder Parents (Limited Benefits) • Free Simple Will AND Living Will

• Free Initial Consultations

• Free ID Theft Restoration Services

Weekly Premiums

Legal Guard Family $4.09

• Unlimited Free Consultations with Financial Counselors on: • Debt Management• Budgeting• Credit Problems

• Free Family Budget Prepared at No Cost

• FINANCIAL PLANNING BENEFITS• Unlimited Free Consultations with Certified Financial Planners on:

• Savings & Investments• Long-Term Planning

• $75 Rebate on Financial Plan Preparation

FINANCIAL COUNSELING BENEFITS

Preventive Benefits Plan Rate

Estimated CostWithout Plan

Free ConsultationsMembers receive unlimited initial consultations with Plan Attorneys

Free $50 - $250each

Document ReviewsMembers may have simple documents reviewed by a Plan Attorney.

Free $200 - $500each

Estate Planning DocumentsMembers may have a Simple Will, Living Will, Power of Attorneyand/or Living Trust prepared by a Plan Attorney each plan year.

Free $75 - $2,500each

Preparation of Legal DocumentsA wide range of legal documents are covered fully by theLegalGUARD plan Including deeds, leases, affidavits and others.

Free $75 - $400each

Dispute ResolutionMembers may have dispute resolution letters or phone calls madeby a Plan Attorney to resolve a consumer dispute each year.

Free $150 - $750each

Website AccessMembers have unlimited access to user friendly online resources.

Free Exclusivelyfor Members

PREVENTIVE BENEFITS

COVERED LEGAL SERVICES

Examples of Covered Legal Services

Plan Rates Estimated Cost without Plan

Name Change Paid in Full $150 - $400

Real Estate Closing Paid in Full $300 - $700

Dispute with Landlord Paid in Full $500 - $2,000

Adoption Paid in Full $500 - $1,500

Debt Collection Defense Paid in Full $500 - $2,000

Guardianship Paid in Full $500 - $750

Civil Litigation Defense Paid in Full $1,000 - $2,000

Tax Audit Paid in Full $2,000

Suspended License Paid in Full $500 - $1,000

Misdemeanor Defense Paid in Full $2,000

NEXT STEP

• Talk with a Benefit Representative

• Review Personal Options

• Visit Broad Voluntary Benefits Website

• Questions Are Confidential

CONTACT INFORMATION

http://Broad.getyourbenefitsnow.com

1-800-229-3642

You will receive a follow-up courtesy phone call to answer any specific questions regarding this webinar.

Representatives available Monday through Friday10:00 a.m. to 7:00 p.m. EDT