Voluntary Life

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Asbury University Voluntary Life and AD&D Group Life - Long Term Disability
Lincoln Financial


VOLUNTARY LIFE & AD&D (Accidental Death and Dismemberment)

Do you need term life insurance at a reasonable rate? Then check out the rates at Lincoln Financial.

Lincoln Financial Voluntary Life Rates

Lincoln Financial Voluntary AD&D

Eligibility

  • All full-time staff employees who work 1560 hours annually and faculty who are issued a full-time contract.

Employee Voluntary Life Insurance

  • Multiples of $10,000
  • Minimum coverage amount of $10,000
  • Maximum coverage amount   $500,000

BENEFIT REDUCTION

  • Benefits are reduced by 35% of the original amount at age 70 and by an additional 15% fo the original amount at age 75

Dependent Voluntary Life Insurance

*The amount of insurance on a dependent will not exceed 50% of the amount for which the employee is insured under the voluntary life insurance coverage.

Spouse 

  • Multiples of $5,000
  • Minimum coverage amount of $5,000
  • Maximum coverage amount of $250,000
  • Non medical limit of $50,000

Children

  • Multiple of $2,000
  • Minimum coverage amount of $2,000
  • Maximum coverage amount of $10,000

What do I need to do to enroll?

Complete the enrollment form and evidence of insurability form. Rates and information regarding coverage are included with this form.

Lincoln Voluntary Life Insurance Enrollment Form

Lincoln Evidence of Insurability Form.pdf

 

 GROUP TERM LIFE AND AD&D

Group Life and AD&D Summary

 

LONG TERM DISABILITY

LTD Summary for Salaried Employees

LTD Summary for Hourly Employees