The Lincoln Financial Group is a premier provider of life insurance, annuity, group benefits, retirement income and investment products and services, supported by top-tier retail and wholesale distribution platforms. They manage the university's Basic Life, Dependent Life, Optional Life, and Long-Term Disability insurances.
Currently, the University provides full-time faculty and staff, at no expense to the employee, Basic Life Insurance coverage which is three times the full-time employee's annual base salary. The University also provides a matching Accidental Death & Dismemberment (AD&D) policy which is three times the full-time employee's annual base salary.
Full-time employees have the option to purchase Dependent Life Insurance for their family members (spouse/domestic partner and dependent children). Full-time employees also have the ability to purchase Optional Life Insurance on themselves in increments of $10,000 up to $200,000. If this option is selected, employees can purchase a life insurance policy for their spouse/domestic partner in increments of $5,000 up to $50,000 and purchase a $10,000 policy for dependent children.
The University offers Long-Term Disability insurance which provides a benefit of 70% of a participating employee's base pay up to $8,000 per month. Full-time employees have the option to elect to pay 100% of the premium or split the premium with the University.
Will Preparation, Estate Guidance, Identiity Theft, etc. called "LifeKeys Services" offered free through Lincoln Financial Group. Click here to view the services that help with handling life and loss.
Please stop by the Lincoln Financial Group table during Open Enrollment for more information and to get quotes/rates that are employee specific.