Life Insurance, AD&D, and Disability
Benefit
Details
Basic Life Insurance and AD&D
NCIA offers Basic Life and AD&D at no cost to active employees who regularly work at least 30 hours each week. Your Basic Life benefit amount is equal to your annual base salary up to $50,000. AD&D pays a benefit that is 100% of annual earnings up to $100,000.
Supplemental Life Insurance and AD&D
Active employees working at least 30 hours per week can purchase additional Life and AD&D coverage beyond what NCIA provides. Employees can elect coverage in increments of $10,000 to a maximum of $300,000. Rates are based on age and amount of coverage – please contact The Standard for further information.
Spouse Supplemental Life and AD&D Insurance
Active employees can purchase optional dependent life and AD&D for their spouse. The elected benefit can be purchased in increments of $5,000 to a maximum of $150,000. Rates are based on age and amount of coverage – please contact The Standard for further information.
Dependent Supplemental Life and AD&D Insurance
Active employees can purchase optional dependent life and AD&D for their children. The elected benefit can be purchased as $10,000 for children aged 14 days to age 19 or 26 if they are a full-time student. Rates are based on age and amount of coverage – please contact The Standard for further information.
Short-Term Disability
NCIA offers Short-Term Disability at no cost to active employees who regularly work at least 30 hours each week. Your STD benefit begins after a 14-day unpaid waiting period and has a maximum duration of 24 weeks.
Long-Term Disability
NCIA offers Long-Term Disability at no cost to active employees who regularly work at least 30 hours each week. The benefits begin after 180 days of disability and the maximum benefit duration is 5 years.
This booklet is intended to provide an overview of the benefits plans offered.. All specific plan provisions are described in the legal documents governing the plans. If there are any discrepancies between this booklet and the plan’s legal documents, the legal documents will govern.
11
2020 Benefits Guide
