Insurance benefit through Lincoln Financial Group
Plan Life AD&D Spouse Child
6 Mo. - 25 Yr. Child
0 Yr - 6 Mo. $10,000 $5,000 $5,000 $100 $25,000 $5,000 $5,000 $100 $50,000 $5,000 $5,000 $100 Effective November 1, 2004:
- $10,000 Life - $1.72 Per Employee, Per Month
- $25,000 Life - $3.90 Per Employee, Per Month
- $50,000 Life - $7.52 Per Employee, Per Month
Note: Children are covered for Dependent Life until age 19 years, or to age 25 if a full-time student.
Upon the attainment of age 65 amounts of Life and AD&D insurance shall be reduced by 35 percent; an additional 20 percent at age 70; an additional 15 percent at age 75; an additional 10 percent at age 80. Upon retirement all insurance benefits shall terminate.
The Spouse's amount of insurance will reduce in the same manner as the Insured's amount of insurance upon Spouse's attainment of reducing ages and terminates at the Insured's retirement.
Employees terminating coverage and retirees can convert their group life to a private life insurance plan. Employees should contact Tri-County Schools Insurance Group at (530) 822-5299 for further information as soon as they are aware of a loss of coverage. Employees and retirees have 31-days to apply.