Group Life/AD&D, Travel and Disability Insurances
Term life, accidental death and dismemberment (AD&D) insurance and disability insurance are automatically paid for by the college for eligible employees. The employee may purchase additional voluntary life and AD&D insurance coverage for themselves and their dependents if they elect to do so during the first 30 days of their employment in a benefits eligible position, and during this period there is a “guaranteed issue” provision. Benefits eligible employees may also apply for optional life and AD&D insurance for the first time at any time during the year but must complete a Life/AD&D Insurance Enrollment form and a Evidence of Insurability form. Employees with existing insurance issued under the Guaranteed Issue provision may increase the policy value to the full $100,000 Guaranteed Issue amount at Open Enrollment each fall. Please consult with a benefits specialist for details.
An accidental death policy that covers eligible employees while traveling on official college business is available and is paid for by the college.
- Eligible employees
- include full-time Faculty, full-time and part-time: Classified, Managerial, Academic Professionals, Confidentials.
Note: This is a time-sensitive elective benefit!
Employer Paid Group Insurance
As a benefited employee of Portland Community College, you are automatically provided life insurance, accidental death and dismemberment insurance, and disability insurance, at no personal cost through UNUMProvident Corporation. If you are applying for UNUM life insurance coverage during open enrollment, you will need to fill out Evidence Of Insurability, Beneficiary Designation and the Life/AD&D Insurance Enrollment form.
| Employee Type | Life | AD & D | Disability* | PCC Business Travel (Life) |
|---|---|---|---|---|
| Classified (600 hrs. minimum) |
$20,000 | $20,000 | 66.667% of Gross Income | $100,000 |
| Faculty (FT 180 Day Contract) |
$10,000 | $10,000 | 66.667% of Gross Income | $100,000 |
| Academic Professional (AP) (960 hrs. minimum) | $10,000 | $10,000 | 66.667% of Gross Income | $100,000 |
| Management (1040 hrs. minimum) | $50,000 | $50,000 | 66.667% of Gross Income | $100,000 |
| Confidential | $50,000 | $50,000 | 66.667% of Gross Income | $100,000 |
* A salary replacement policy for a disability sustained on or off the job is paid for by the college. Following a 90 day waiting period, benefits are payable at 66.667% of the employee’s earnings prior to the disability.
Optional Group Insurance
Employees in any of the benefited positions described above are also eligible to buy additional Optional Life Insurance through post-tax payroll deductions. If PCC employees elect to purchase additional optional life insurance within the first thirty (30) days of employment in a benefited position, they are “guaranteed issue” for up to $100,000 over the PCC paid coverage for the employee, and $25,000 for the spouse or domestic partner (DP). Additional Optional Accidental Death and Dismemberment (AD&D) Insurance is also available during this “guaranteed issue” period.
You may enroll in up to five times your annual salary for additional life insurance and up to ten times your annual salary for additional AD&D. If you have elected coverage over the guarantee issue amount listed above, you and/or your spouse/DP will need to complete an evidence of insurability (EOI) form. This insurance coverage will be effective the first of the month following UNUM’s review of EOI and underwriting approval.
If optional insurance is not elected during the "guaranteed issue" period, employees can apply for optional insurance during the year, but such applications are subject to approval by the underwriting department of UnumProvident Corporation.
- Optional UNUM insurance is portable should your employment with the college terminate.
- Certain family members are also eligible for insurance coverage at group rates.
- In the event that a subscriber is diagnosed with a documented terminal illness, a portion of the life insurance benefit can be paid to the insured while they are still living.
- A rates sheet is shown below.
For additional information about this self-pay optional insurance benefit, please contact the Benefits Team.
Lifestyle Protection Group Term Life - How to Enroll
To calculate your coverage cost, determine the amount of life insurance that is right for you and your dependents. Then, calculate your and your spouse's "insurance age" by subtracting the year of birth from the plan year. Calculate the amount of your payroll deduction for the coverage you have chosen using the rate schedule below. A sample premium calculation has been provided for you.
If you have chosen coverage over your guarantee issue amount ($100,000 for you or $25,000 for your spouse), you will also need to complete an evidence of insurability form. Note: The amount of coverage over your guarantee issue amount will be subject to medical underwriting approval and will be effective the first of the month after it is approved.
Exclusions
Delayed effective date
- Employee:
- Insurance will be delayed for an employee if s/he is not in active employment because of an injury, sickness, temporary layoff, or leave of absence on the date that insurance would otherwise be effective.
- Dependents
- Insurance will be delayed for a dependent if that dependent is totally disabled on the date that insurance would otherwise be effective. Exception: Children eligibility.
Suicide
Where the cause of death is suicide. No benefits will be payable for a loss occurring within 24 months after the individual's initial effective date of insurance; and no increase or additional insurance will be payable for a loss occurring within 24 months after the day such increased or additional insurance is effective.
Calculating Coverage Cost
Employee and Dependent Rates
- Employee - Monthly payroll deduction per $10,000 unit of coverage (Maximum five times salary or $500,000)
- Spouse/Domestic Partner - Monthly payroll deduction per $5,000 unit of coverage (Maximum 100% of employee coverage or $500,000)
- Child(ren) - Monthly payroll deduction per $2,000 unit of coverage (Maximum 50% of employee coverage or $10,000)
| Age Band | Employee Non-smoker Rate per $10,000 |
Employee Smoker Rate per $10,000 |
Spouse/Domestic Partner Rate per $5,000 | Child(ren) Rate* |
|---|---|---|---|---|
| 0 - 29 | $ .68 | $ 1.16 | $ .54 | $0.47 per unit |
| 30 - 34 | .80 | 1.39 | .65 | |
| 35 - 39 | 1.16 | 2.10 | 1.01 | |
| 40 - 44 | 1.62 | 3.49 | 1.72 | |
| 45 -49 | 2.63 | 5.83 | 2.86 | |
| 50 - 54 | 4.47 | 9.98 | 4.58 | |
| 55 - 59 | 7.45 | 15.44 | 6.36 | |
| 60 - 64 | 10.90 | 20.41 | 9.04 | |
| 65 - 69 | 18.92 | 31.85 | 13.50 | |
| 70 - 74 | 30.30 | 45.53 | 22.49 | |
| 75+ | 80.31 | 99.46 | 54.92 |
* Cost is a flat amount regardless of the number of children you enroll.
Sample Calculation:
Employee age 35 non-smoker: $50,000 coverage = 5 (units) x $1.16 = $5.80
Spouse/Domestic Partner age 30: $25,000 coverage = 5 (units) x $0.65 = $3.25
Child(ren): $ 4,000 coverage = 2 (units) x $0.47 = $0.94
$5.80 + $3.25 + $0.94 = $9.99 Total payroll deduction
Note: Final costs may vary due to rounding differences.
Calculating AD&D Coverage Costs
This formula will help you to determine your monthly payroll deduction for the level of AD&D coverage you select. Please note: Your spouse and children are eligible for AD&D coverage even if you choose not to enroll in the plan.
Units of coverage x Cost per unit = Your monthly deduction
| Coverage for: | Amount of Coverage per Unit | Cost per Unit | Maximum Coverage |
|---|---|---|---|
| Employee | $10,000 | $0.42 | 10 times salary or $500,000 |
| Spouse/Domestic Partner | $5,000 | $0.21 | $250,000 |
| Child(ren) | $2,000 | $0.09 | $20,000 |