LIFE INSURANCE
BASIC LIFE INSURANCE
65%+ FTE FACULTY 75%+ FTE STAFF
ELIGIBILITY
30%+ FTE EMPLOYEES
ONE (1) TIMES ANNUAL BASE PAY UP TO $50,000 EMPLOYEE MAY ELECT $5,000
$50,000 TERM LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT POLICY
PLAN INFORMATION
EMPLOYEE CONTRIBUTION
NO EMPLOYEE CONTRIBUTION
NO EMPLOYEE CONTRIBUTION
PLAN ADMINISTRATOR
MINNESOTA LIFE
THE HARTFORD
VOLUNTARY LIFE INSURANCE
65%+ FTE FACULTY 75%+ FTE STAFF
ELIGIBILITY
30%+ FTE EMPLOYEES
SUPLEMENTAL LIFE
EMPLOYEE MAY ELECT THE LESSER OF SIX (6) TIMES ANNUAL UC BASE PAY OR $1 MILLION PERSONAL ACCIDENT INSURANCE PROVIDES A BENEFIT IN THE EVENT YOU DIE AS A RESULT OF A COVERED ACCIDENT WILL ALSO PAY A FULL OR PARTIAL BENEFIT FOR CERTAIN ACCIDENTAL INJURIES COVERAGE LEVELS ($50,000, $100,000, OR $150,000) ADDITIONAL COVERAGE IS AVAILABLE FOR SPOUSE/DOMESTIC PARTNER AND ELIGIBLE DEPENDENT CHILDREN RATES VARY BASED ON AGE AND COVERAGE SELECTION PERSONAL ACCIDENT
$10,000 INCREMENTS UP TO THE LESSER OF FIVE (5) TIMES ANNUAL SALARY OR $1,000,000. ADDITIONAL COVERAGE IS AVAILABLE FOR SPOUSE/DOMESTIC PARTNER AND ELIGIBLE DEPENDENT CHILDREN GUARANTEED ISSUE, IF ELECTED WITHIN 30 DAYS OF ELIGIBILITY DATE, UP TO LIMITS OF: $150,000 EMPLOYEE COVERAGE $25,000 SPOUSAL COVERAGE $10,000 CHILD(REN) COVERAGE
PLAN INFORMATION
EMPLOYEE CONTRIBUTION
RATES VARY BASED ON AGE AND COVERAGE SELECTION
PLAN ADMINISTRATOR
MINNESOTA LIFE
THE HARTFORD
13
Made with FlippingBook - professional solution for displaying marketing and sales documents online