Life Insurance [Basic + Optional]
Employees working at least 30 hours per week, or 75% of full-time, in a benefit-eligible position are provided basic group term life insurance effective the first of the calendar month following employment, or the date of hire if the first of the calendar month. The full cost of insurance is paid by the university. Eligible employees may elect Additional Life Insurance up to the lesser of $500,000 or 5 times their annual salary.
Group Life and Additional Life benefits are guaranteed convertible to individual life insurance upon leaving university employment. All life insurance coverage expires at termination of employment.
Click on the documents below to learn about both Basic and Optional Life Insurance policies provided to Anderson University employees:
- Lincoln Financial Group Summary of Benefits - Optional Life [PDF]
- Lincoln Financial Group Summary of Benefits - Basic Life [PDF]