Income Protection

We provide Basic Life, AD&D, and Supplemental Life insurance through Reliance Standard  Insurance and Universal Life with Long-Term Care through Transamerica. These benefits provide financial protection for you and your family in the event of death.

Additional Information

Plan Information

Basic Life and AD&DVoluntary Term Life Insurance and Accidental Death & Dismemberment (AD&D)Universal Life with Long Term CareShort-Term Disability (STD)Long-Term Disability (LTD)
EligibilityAll full-time employees working 72+ hours per pay periodAll full-time employees working 72+ hours per pay period. Coverage can be purchased on yourself, your spouse and/or your dependent children. In order to purchase dependent coverage, you must purchase additional life insurance on yourself.Employees working 48 hours or more per pay periodEmployees working 32 hours or more per pay periodEmployees working 32 hours or more per pay period
Coverage1x your annual base pay or a minimum of $40,000 for NKCH employees and a minimum of $20,000 for Meritas employeesEmployee: You may purchase coverage for yourself in increments of 1, 2, 3, 4, or 5 times your annual salary up to a maximum of $500,000, with a guaranteed issue of $200,000.
Spouse: You may purchase coverage for your spouse in $5,000 increments to a maximum of $150,000, but not to exceed 100% of the employee’s benefit amount. There is a $50,000 guaranteed issue.
Dependent child(ren): You may purchase coverage for your children of either $5,000 or $10,000. All amounts are guaranteed issue.
Consider enrolling in this benefit that offers permanent life insurance protection with living benefits for long-term care expensesWeekly benefit amount: 60%
Weekly benefit maximum: $1,000
Monthly benefit amount: 66.67%
Monthly benefit maximum: $12,000
CostNo cost to youCoverage can be purchased at your own expenseCoverage can be purchased at your own expenseCoverage can be purchased at your own expense100% company paid for full time NKCH employees