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&D | Voluntary Term Life Insurance and Accidental Death & Dismemberment (AD&D) | Universal Life with Long Term Care | Short-Term Disability (STD) | Long-Term Disability (LTD) | |
| Eligibility | All full-time employees working 72+ hours per pay period | All 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 period | Employees working 32 hours or more per pay period | Employees working 32 hours or more per pay period |
| Coverage | 1x your annual base pay or a minimum of $40,000 for NKCH employees and a minimum of $20,000 for Meritas employees | Employee: 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 expenses | Weekly benefit amount: 60% Weekly benefit maximum: $1,000 | Monthly benefit amount: 66.67% Monthly benefit maximum: $12,000 |
| Cost | No cost to you | Coverage can be purchased at your own expense | Coverage can be purchased at your own expense | Coverage can be purchased at your own expense | 100% company paid for full time NKCH employees |
