Income Protection Benefits

Overview

Income Protection Benefits

Anthem Blue Cross and Unum Basic Life and AD&D Insurance

Long Beach City College provides employees with Basic Life and Accidental Death & Dismemberment (AD&D) Insurance through Anthem Blue Cross and Unum. There is no cost to you for this benefit.

Basic Life Insurance

If your death occurs while you are covered under the plans, your beneficiary will receive a benefit amount equal to $100,000 ($25,000 coverage through Anthem Blue Cross and $75,000 coverage through Unum).

Accidental Death & Dismemberment (AD&D) Insurance

If your death is the result of an accident, your survivors are entitled to an additional benefit equal to the Basic Life Insurance amount. You are also eligible for partial benefits if you lose your eyesight or limb(s) as the result of an accident.

Unum Voluntary Term Life and AD&D Insurance

Voluntary Term Life Insurance and Accidental Death & Dismemberment (AD&D) Insurance

You have the opportunity to supplement your Basic Life and/or AD&D Insurance by purchasing Voluntary Life Insurance through Unum for yourself and your eligible dependents. You may purchase these coverages at any time. These coverages are portable, meaning you can take them with you if you change jobs.

For Employees

You may elect a coverage amount of up to five times your annual salary to a maximum of $750,000 in increments of $10,000. $200,000 is the guarantee issue amount if you are applying within your 31 days from your date of hire. Otherwise, evidence of insurability is required for any amount you want to purchase outside of the first 31 days up hire. Amounts over $200,000 require evidence of insurability.

For Your Spouse

You may purchase coverage for your spouse/domestic partner in increments of $5,000. Spouse coverage is limited a maximum of $750,000. $30,000 is the guarantee issue amount if you are applying within your 31 days from your date of hire. Otherwise, evidence of insurability is required for any amount you want to purchase outside of the first 31 days up hire. Amounts over $30,000 require evidence of insurability.

For Your Child(ren)

You may purchase coverage for your spouse/domestic partner in increments of $2,000 to a maximum of $5,000. Children from birth to six months are limited to a coverage amount of $1,000.

Do You Know How Much Life Insurance You Need?

Knowing how much Life Insurance you need is a critical part of protecting your family financially. Use the Unum Life Insurance Calculator at www.unum.com/Products/LifeInsurance.aspx to determine how much Life Insurance

Unum Voluntary Disability Insurance

Disability Insurance helps protect your income in the event you become unable to work due to an illness or injury. You have the option to purchase Short Term and/or Long Term Disability Insurance at any time. Your premiums will be paid with post tax dollars, and as a result, any benefits you receive will not be subject to tax.

Unum Voluntary Short Term Disability Insurance

When you purchase Unum Voluntary STD Insurance, you are eligible for STD benefits after 30 days of disability due to an illness or accident. Benefits begin on the 31st day of disability and the plan pays a benefit amount up to 70% of your weekly earnings to a maximum of $2,308 per week. If you are eligible for income from other sources, STD benefits are adjusted so the maximum benefit you receive does not exceed 70% of your weekly salary. Your benefits continue for a maximum of 22 weeks.

Unum Voluntary Long Term Disability Insurance

When you purchase Unum Long Term Disability (LTD) Insurance, you are eligible for LTD benefits after 180 days of total disability. The plan pays 60% of your predisability earnings to a maximum monthly benefit of $10,000. If you are eligible for income from other sources such as Social Security and/or Workers’ Compensation, LTD benefits are adjusted so that the maximum monthly benefit you receive from all sources does not exceed 60% of pre-disability earnings. If you are totally disabled before age 62, your benefits will continue to Social Security Normal Retirement Age (SSNRA). If you are totally disabled after age 62, your benefits will continue through a specified period based on your age at the time your disability begins.

Unum Voluntary Accident Insurance

Accident Insurance can provide benefits for covered accidents that occur on and off the job. It pays a lump sum benefit based on the type of injury you sustain or the type of treatment you need. Your plan can pay you a benefit for an emergency room treatment, stitches, crutches, injury-related surgery and a list of other accident-related expenses. The money is paid directly to you and you decide how to spend it.

Unum Voluntary Critical Illness Insurance

Voluntary Critical Illness offers you the opportunity to purchase Voluntary Group Critical Illness at group rates, through Unum. Critical Illness Insurance complements your major medical coverage by providing a lump sum benefit of up to $50,000. You can use the benefit to help pay the direct and indirect costs related to a covered critical illness, such as a heart attack, stroke, internal cancer and others. Child coverage is automatically included on the plan at 25% of the employee benefit amount. This plan also includes a wellness benefit. This benefit can pay up to $75 per calendar year per insured individual if a covered health screening test is performed.