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Life Insurances and Disabilities

GUARDIAN LIFE INSURANCE COMPANY OF AMERICA

Group #367734

Basic Life and AD&D Insurance:
The University provides Base Term Life for fulltime employees at a flat rate of $50,000. The Basic Term Life includes Accidental Death and Dismemberment coverage.

There is no cost to the employee.  Amounts are reduced by 35% at the age of 65; an additional 15% at the age of 70.


Optional Life/Accidental Death and Dismemberment:
Employee is covered in increments of $10,000 to a maximum of $200,000; with a guaranteed issue up to $150,000. Evidence of Insurability required for amounts over $150,000.

Amounts are reduced by 35% at the age of 65; an additional 15% at the age of 70.


Optional Life for Spouse:
Spouse is covered in increments of $5000 to a maximum of $100,000 not to exceed 50% of employee amount. There is a guaranteed issue amount of $25,000. Evidence of Insurability required for amounts over $25,000.

Amounts are reduced by 35% at the age of 65; an additional 15% at the age of 70.


Optional Life for Child:
Dependent child or children coverage is a flat rate of $10,000 and will be issued with no medical questions provided they are enrolled when first eligible. Dependent coverage will not take effect if a dependent, other than a newborn is confined to a hospital or other health care facility, or is home confined, or is unable to perform the normal activities of someone of like age and sex.


Voluntary Short-Term Disability:
This insurance replaces part of your income if you become disabled, due to sickness or injury.  The benefit pays 60 % of employee’s salary.  The maximum benefit amount is $5,000. Elimination Period for disability due to injury or sickness is 14 days.  Maximum Payment Period for disability due to injury or sickness is 11 weeks.  Payments for a pre-existing condition will be limited to a maximum of 4 weeks.


Voluntary Long-Term Disability:
This insurance replaces part of your income if you become disabled due to sickness or injury. The benefit pays 50 % of employee’s salary.  The maximum benefit amount is $5,000. Elimination Period for disability due to injury or sickness is 90 days.  Maximum Payment Period for disability due to injury or sickness is 5 years or up to age 70.