Your Life and AD&D Benefits
Life Insurance
CSHL Life and Accidental Death & Dismemberment (AD&D) coverage is provided by Lincoln Financial.
Lincoln Financial
Basic Accidental Death & Dismemberment (AD&D) Insurance *
Basic Life Insurance*
Benefit (Full-time employees)
2x your base annual salary, to a maximum of $1,000,000
Benefit (Part-time employees)
1x your base annual salary, to a maximum of $1,000,000
Benefit (Post Docs)
$25,000
Age 70 but not age 75: reduced to 65% of your insurance coverage Age 75 but not age 80: reduced to 45% of your insurance coverage Age 80: reduced to 30% of your insurance coverage
Reduction Schedule
Employee Optional Life Insurance
Benefit
1 - 5x base annual salary, to a maximum of $600,000
Guaranteed Issue**
The lesser of 3x salary or $300,000 Spouse/Dependent Child(ren) Optional Life Insurance
$10,000 to $100,000 in $10,000 increments, not to exceed 100% of employee’s Basic Life benefit
Spouse Benefit
Guaranteed Issue**
$20,000
Child Benefit
$10,000
Reduction Schedule
N/A Voluntary Accidental Death and Dismemberment
Employee Only
1 - 10x base salary to a maximum of $600,000
Spouse & Children: Spouse benefit amount would be equal to 40% of your VAD&D benefit and 10% for each child Spouse Only: Benefit amount would be equal to 50% of your VAD&D benefit Children Only: Benefit amount would be equal to 15% of your VAD&D benefit
Family Protection Plus
*Both Basic Life and AD&D insurance plans paid by CSHL. ** The Guaranteed Issue is only available as a new hire or when you become newly benefits eligible. All other enrollments or increase in Optional Life insurance (employee and/or spouse) will require a Statement of Health to be approved by Lincoln Financial before increases become effective.
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