Income Protection

Providing income protection from the unexpected for our employees and their families is an important part of Freddie Mac's benefit programs. We offer a comprehensive array of income protection benefits to meet the needs of our employees.

Disability Coverage: A disabling illness or injury can be financially devastating and that's why at Freddie Mac, we provide disability coverage to provide income replacement if an employee is out of work due to an eligible non-work related injury or illness.

• Short Term Disability: Provides income replacement for the first 180 days of disability, benefits are based on length of service at Freddie Mac.

• Long Term Disability: Provides income replacement for those approved for more than 180 days. Core coverage provides benefits equal to 60% of basic monthly earnings. Employees may elect to purchase an additional 10%, bringing total coverage to 70% of basic monthly pay.

Group Term Life Coverage: Eligible employees are provided core coverage of one times base pay and may purchase an additional two or three times base pay. FlexDollars are provided to offset the cost of this benefit.

Accidental Death & Personal Loss Coverage: This benefit provides coverage in the event of an accidental death or dismemberment. Employees may elect between one and four times base pay. FlexDollars are provided to offset the cost of this benefit.

Group Universal Life Insurance: This benefit is provided through Aetna for those employees that wish to purchase additional insurance coverage. Employees may elect coverage between one and five times base pay. This insurance option is also available to spouses and children, based on certain provisions.

Business Travel Accident Coverage: This benefit provides employee-only coverage for accidental death or dismemberment and/or paralysis, while traveling on Freddie Mac business. Freddie Mac pays the full cost of this plan.