Basic Life and AD&D insurance

Lincoln Financial Group

Eligibility:  All regular Faculty and Staff with an FTE of 0.75 (30 hours per week) or greater are eligible the first day of the month following the effective date or date of hire.

  • 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.

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