Life & Long-Term Disability Insurance
Provided by The Lincoln Financial Group
Group term life, paid by the University, is a benefit for full-time employees working 30 or more hours per week. The life insurance coverage is equal to two (2) times the annual salary.
Additional Life Insurance, paid by the Employee:
- Voluntary life insurance is available in $10,000 increments, up to 5 times an employee's annual salary. Guarantee Issue for newly eligible employees is $300,000 if under age 70.
- Dependent life insurance, is available in options of $10,000, $20,000 and $50,000, with or without AD&D is also available.
Long-term disability insurance, paid for by the University, is a benefit that pays if an employee is sick or hurt and unable to work for 6 months, at the end of the 6 months the employee will begin drawing what equals 60% of their base pay. The benefit will continue as long as the employee is disabled or up to age 65. There is a 6 month waiting period before a new employee is eligible for long-term disability.
A 3 month buy-up option is available, meaning an employee could begin drawing the long-term disability after being disabled and out of work for 3 months.
Click here to return to New Employee Forms.
Current full-time employees: If increasing or adding coverage options, complete the Evidence of Insurability Form (EOI). This form should be sent to The Lincoln Financial Group, to the address listed on the top of the EOI. For decreasing options, complete the Payroll Add-Drop Form. This form should be sent to Human Resources, Campus Box 171.