Basic Life and AD&D insurance
Lincoln Financial Group
Eligibility: All active full time exempt employees working 20 hours or more and non-exempt employees working 30 hours or more per week.
- Provided at no cost 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.