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Life & Accidental Death & Dismemberment

There are the following two options available:

  • Basic Term Life and Accidental Death and Dismemberment (AD/D)
  • Supplemental Term Life and AD/D for yourself, your spouse and dependent children is available through Lincoln Financial.

Pretax

  • No

Premium per month

  • Employee (college-paid)

Coverage

  • Two times the employee's base annual salary rounded to the next higher thousand dollars, to a maximum of $300,000

 

Accelerated Living Benefit

  • An employee may request this benefit if the employee is terminally ill. The benefit will be paid in advance of death. The benefit amount is 50% of the basic term life and supplemental term life insurance (combined) in force.

     
  • If the amount of insurance is scheduled for an age-related reduction within one year after applying for a living benefit, the maximum benefit will be limited to 50% of the scheduled reduced amount
Lincoln Financial Supplemental Term Life And Accidental Death/Dismemberment Policy  

Comment

  • You may elect to purchase additional insurance (at your own expense) through Lincoln Financialup to a maximum of $100,000.

  • You may elect coverage for your spouse/domestic partner, to a maximum of $30,000, not to exceed 50% of the supplemental employee amount selected.

  • Child benefit is set at $10,000, regardless of amount of supplemental insurance selected by employee.

Changes for 2012

  • Employee may increase their coverage to $250,000 with Evidence of Insurability

  • Employees currently enrolled may increase their coverage $20,000 without Evidence of Insurability

  • Employees currently enrolled may increase the Spouse/Domestic Partner coverage $10,000 withour Evidence of Insurability, to a maximum of $30,000

NOTE: Supplemental Life Insurance above $100,000 and up to $250,000 requires a medical history statement. Additional   changes will requires completion of Medical History Statement or Evidence of Insurability.

 

Trustmark Universal Life Insurance 
 
 
 
    Comment
 
 
  • Flexible Benefits - You select the death benefit and cash value components, and you can adjust them as your needs change.

  • Affordable Rates - Competitive rates start at $3 per week

  • Family Coverage - Your spouse, children and grandchildren are eligible, even if you choose not to participate.

  • Portable Insurance Coverage - The plan is yours to keep even when you leave your employer

If interested in Universal Life, please contact William Cooper of MetLIfe. Call (813) 334-2580 or email wcooper@metlife.com

 

 

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