The Group Life/Accidental Death & Dismemberment Insurance plan is administered by Lincoln Financial Group, as of January 1, 2021.
Benefits: The plan provides both Life and AD&D coverage of twice the annual earnings rounded to the next higher multiple of $1,000 (if not already an exact multiple thereof), subject to a $500,000 maximum limit. Reductions in coverage apply to employees age 65 and over.
Eligibility: Faculty with half-time or more teaching contracts and staff scheduled to work 1,560 or more hours per year in a permanent position are eligible to enroll.
Enrollment: Employees must enroll within 31 days of date of hire in order to qualify without evidence of insurability. Late enrollees will have to provide evidence of insurability. Coverage becomes effective the first of the month coincident with or next following date of eligibility.
Costs: The College pays the full cost of the coverage. Employees who leave the College may convert their group life insurance to an individual policy without evidence of insurability.
Lincoln Financial Group Benefits
Lincoln Financial Group Enrollment Form
Life Insurance Beneficiary Form
Lincoln Financial Group Certificate – Class 1
Lincoln Financial Group Certificate – Class 2
Lincoln Financial Group Optional Life Certificate – Class 1
Lincoln Financial Group Optional Life Certificate – Class 2
Optional Term Life Insurance and Optional Dependent Life Insurance is administered by Lincoln.
Eligible employees, faculty with at least half-time teaching contracts and staff working 1,000 hours or more per year in regular positions, may elect Optional Term Life coverage in addition to the College-paid Group Life Insurance. The employee pays the full cost of coverage through payroll deduction.
Employees and eligible dependents who enroll when first eligible are guaranteed some coverage without having to answer any health questions. Evidence of Insurability, proof of good health satisfactory to Lincoln, is required for late enrollees or individuals who request coverage in excess of the guaranteed issue amounts.
Employees may purchase up to 5x annual earnings, not to exceed $500,000. Up to $350,000 may be purchased with no medical questions during the initial eligibility period.
Employees may purchase coverage for their Spouses/Same Sex Domestic Partners for an amount up to 50% of the employee coverage amount. Up to $30,000 may be purchased with no medical questions during the initial eligibility period.
Employees may purchase up to $10,000 of coverage for their eligible child/children. One premium covers all children.