Voluntary Life

Asbury University Voluntary Life and AD&D Group Life - Long Term Disability
Aetna is our new life insurance carrier


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

Do you need term life insurance at a reasonable rate? (click on the rate sheet below - rates begin on page 4) .

Aetna Voluntary Life and AD&D Rates

 

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   $750,000

BENEFIT REDUCTION

  • Benefits are reduced by 35% of the original amount at age 70 and 50% of 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.

Aetna Voluntary Life Insurance Enrollment Form

Aetna Evidence of Insurability Form.pdf

 

 GROUP TERM LIFE AND AD&D

The information below also includes voluntary life information.

Group Life and AD&D Summary -

 

LONG TERM DISABILITY

LTD Summary for Salaried Employees

LTD Summary for Hourly Employees