DESCRIPTION:

Mutual of Omaha is the college's provider of life insurance products. 

ELIGIBILITY:

All full-time employees are eligible. 

ENROLLMENT:

New Hires:  All full-time employees are eligible to apply for coverage upon hire.  Coverage becomes effective the first of the month following 60 days of employment.

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 5 times their salary up to $300,000.  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 features include:

  Waiver of Premium
  Accelerated Death Benefit
  Portability
  Conversion

CLAIMS:

Contact your Benefits Coordinator for claim information.

QUESTIONS/CONTACT INFORMATION:

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

Mutual of Omaha web site: www.mutualofomaha.com/customer-service/

FORMS:

Beneficiary Change Form