For detailed explanation of benefits summary documents, please visit the Open Enrollment section and view the Forms page.
Basic Life and AD&D insurance
|Eligibility:||All active full time exempt employees working 20 hours or more and non-exempt employees working 30 hours or more per week.|
Lincoln Financial Group
|Description:||Provided for eligible employees.
Value of two times base annual salary up to a maximum of $600,000 (taxable on coverage over $50,000). Value reduced by 35% after age 65 and 50% of the pre-age 65 amount at age 70. Coverage terminates at retirement. If you are diagnosed as terminally ill you may cash out up to 75% of your benefit.
|Cost:||No cost to employee.|
|Company Site:||Lincoln Financial Group|