Department of Human Resources

DESCRIPTION:

Lincoln Financial is the college’s provider of life insurance products.  Effective July 2, 2007 Jefferson Pilot Financial Company merged with The Lincoln National Life Insurance Company.  As a result of the merger, The Lincoln National Life Insurance Company became responsible for all of Jefferson Pilot Financial Insurance Company’s legal obligations, including policies, contracts or certificates.

ELIGIBILITY:

All full-time employees are eligible. 

ENROLLMENT:

New Hires:  All full-time employees are eligible to apply for coverage upon hire.

Qualifying Family Status Changes:   Changes to your coverage may be made within 30 days of a qualifying family change.  Examples of a qualifying family status change are birth or adoption of a child, marriage and divorce.

Annual Open Enrollment:   Employees who initially decline coverage and choose coverage during an annual Open Enrollment must complete medical questions (Evidence of Insurability) and are subject to pre-existing conditions in addition to the medical underwriting.

BENEFITS:

• Opportunity to purchase group term life insurance and optional AD&D (Accidental Death and Dismemberment) on a payroll deduction basis.
• Employee, Spouse and Dependent Children coverage is available. Employee can purchase up to 7 times their salary.  Employee must elect coverage in order to elect Spouse and/or Dependent Children coverage. Spouse’s benefit cannot exceed 50% of employee’s election. 

Benefits reduce as follows:

35% upon the attainment of age 65
An additional 25% of the original amount at age 70
An additional 15% of the original amount at age 75
Benefits will terminate at age 80 or retirement

• Other benefits include:

  Waiver of Premium
  Accelerated Death Benefit
  Portable after 12 months
  Conversion

CLAIMS:

Contact your Benefits Specialist for claim information.

QUESTIONS/CONTACT INFORMATION:

If you have questions about the benefits offered through this plan, contact your Benefits Specialist.

Lincoln Financial web site: www.lfg.com

Client Services: 1-800-423-2765

FORMS:

Beneficiary Change Form
Change Request Form