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Life Insurance and Long Term Disability Long Term Disability Information Basic Life Insurance The University provides full-time, regular and term, faculty and staff members with basic life insurance equal to 2 1/2 x base salary up to a maximum of $50,000 of coverage. This coverage is term coverage and ends upon termination of employment. Coverage becomes effective the first day of the month following the date of hire, unless the date of hire is the first day of the month, in which case the effective date is the date of hire. Accidental Death and Dismemberment The University also provides Accidental Death and Dismemberment coverage to all eligible employees equal to 2 1/2 x base salary up to a maximum of $50,000. AD&D provides a benefit payment to members, or their families, when certain losses occur within 365 days of an accident. See the Benefits Office for more information. Coverage becomes effective the first day of the month following the date of hire, unless the date of hire is the first day of the month, in which case the effective date is the date of hire. Supplemental Life Insurance In addition, at the time of hire, all eligible participants may elect 1x, 2x, or 3x base salary coverage rounded to the next higher multiple of $1,000. The maximum amount of coverage available is $750,000. If you elect coverage that exceeds the guaranteed issued amount of $100,000, you will need to complete a Personal Health Application providing evidence of good health that is satisfactory to Hartford Life before the excess can become effective. If you waived Supplemental Life Insurance when initially eligible and wish to purchase coverage later, medical evidence of insurability will be required. If you currently have coverage and wish to increase the amount of coverage, medical evidence of insurability will be required for only the increased amounts. Hartford Life provides beneficiaries immediate access to life insurance proceeds through a convenient, interest-bearing checking account where the proceeds of $10,000 or more are deposited until needed by the beneficiary. Portability is available for participants terminating their employment. Participants may qualify for continuation of life coverage up to 24 months, if application is made within 31 days of the termination date. Premium is paid directly to Hartford Life by the participant. Participants may convert their coverage after the 24-month period ends. Portability is not applicable to retired or disabled participants. All participants have the option to convert their coverage to an individual life policy, if application is made within 31 days of termination. Premium is paid directly to Hartford Life by the participant. Coverage must be in force 2 years before a death resulting from suicide or any other intentional self-inflicted injury. Benefits are reduced by 35% at age 65, 70, 75 and 25% at age 80, 85, 90 and 95. 2007 Premiums - Hartford Life
Dependent Life Insurance At the time of hire, dependent life insurance can be purchased in amounts of $5,000, $10,000 and $15,000 coverage plans. Your eligible dependents include your spouse and your dependent children from 14 days old to age 19. For those dependents who are full-time students, coverage continues until the end of the month in which your dependent turns age 25. You become eligible to insure your dependents on the later of a) the date your life insurance becomes effective; and b) the date you first acquire a dependent. A participant may not be insured as both a participant and a dependent. A child may not be insured by more than one participant. 2007 Premiums - Hartford Life
No Dependent Life Insurance is payable if your dependent's death is caused or contributed by War or act of War. War means declared or undeclared war, whether civil or international, and any substantial armed conflict between organized forces of a military nature. Dependent children from age two weeks to 6 months will have reduced coverage. A dependent's life insurance ends automatically on the earliest of: For more information regarding your life insurance please call the benefits office at x2206
Provides 60% of your covered monthly salary to age 65 if you suffer a qualifying disability Eligibility Full-time or part-time employee in a position assigned to work 1664 hours annually Cost Southeast provides for the cost of basic coverage How to enroll Enrollment is effective the first month of the month following date of eligibility. How to file for benefits Contact the Benefits Office at x2206 or email us at benefits@semo.edu for additional assistance
The University reserves the right to modify or terminate such plans at any time with or without notice. Participation in these plans is provided to eligible employees and does not constitute a guarantee of employment. Participation is subject to the terms and conditions specified in the plan documents. Contact Us | (573) 651-2083 | Fax: (573) 651-2108 | disclaimer © Southeast Missouri State University | One University Plaza, Mail Stop 3150 | Cape Girardeau, MO 63701 Updated 01/19/07 |
