National Insurance Services (NIS) Insurances (2024)

LCC provides a guarantee issue amount of $50,000* in a Basic Life Insurance policy at no cost for all full-time employees. Life Insurance helps employees and their family pay for unexpected funeral or end of life expenses, reducing stress at an already difficult time. Employees can purchase additional coverage amounts for Employee, Spouse, and Child Life Insurance for a monthly premium.

*If you are a full-time Executive Contract Employee (Pay Grade 9 or above) or LCC President, your Basic Life Insurance policy amount is increased to $100,000 and $500,000, respectively.

Collapse Expand All

• Supplemental Coverage Information

  Coverage Type	Coverage Amount
  Employee Life	$10,000 increments, to a maximum of $500,000 (not combined with your Basic Life coverage amount; not to exceed 5 times annual salary)
  Spouse Life	Choice of $10,000 or $20,000
  Child Life	$5,000

  PDF FileLife Insurance Explanation Flyer

• Supplemental Guarantee Issue Amounts

  The Guarantee Issue is the amount of coverage provided which is not subject to Evidence of Insurability (EOI) / Medical Questions. Upon initial eligibility, a new full-time employee may enroll in amounts up to the following supplemental guarantee issue amounts without needing to submit EOI / Medical Questions:

  Coverage Type	Guarantee Issue Amount
  Employee Life	$150,000
  Spouse Life	$20,000
  Child Life	$5,000

  Amounts above the guarantee issue upon initial eligibility OR new/increased coverage amounts outside of initial eligibility requires completion of EOI / Medical Questions.

  See Also

  2. Term Deposits - An OverviewAbout TD Insurance | Who Are We?TD Insurance Legal Information | TD InsuranceUnderwriters | TD Insurance

• Evidence of Insurability (EOI) / Medical Questions

  If an employee requests enrollment in supplemental amounts above the guarantee issue upon initial eligibility OR requests new or increased coverage amounts outside of initial eligibility, they will be required to complete EOI / Medical Questions for each person seeking new or increased coverage. These requested amounts arenotguaranteed and are dependent upon the EOI submission review by the Madison National Life Medical Underwriting Department. Madison National Life Insurance Company, Inc. (MNL) is the insurance underwriter of this insurance.There are two ways to submit the EOI:

  Mail

  PDF FileEvidence of Insurability (EOI) Form PDF FileHelpful Hints to Complete the EOI

  Online

  PDF FileOnline EOI Submission Instructions

  To login to the online EOI, you will need to use your LCC email address with the "@lcc.edu" domain name. After EOI submission, the requestor will receive a separate email to the address entered on the form to electronically review and sign the submission through DocuSign.

• Premium (Cost)

  SUPPLEMENTAL EMPLOYEE LIFE MONTHLY PREMIUM

  Age of Employee	Monthly Premium per $1,000 of Coverage
  <30	$0.037
  30 thru 34	$0.048
  35 thru 39	$0.058
  40 thru 44	$0.074
  45 thru 49	$0.115
  50 thru 54	$0.190
  55 thru 59	$0.321
  60 thru 64	$0.493
  65 thru 69	$0.933
  70 thru 99	$1.511

  SUPPLEMENTAL SPOUSE LIFE MONTHLY PREMIUM

  Age of Employee	Monthly Premium per $1,000 of Coverage*
  <30	$0.051
  30 thru 34	$0.064
  35 thru 39	$0.077
  40 thru 44	$0.098
  45 thru 49	$0.137
  50 thru 54	$0.248
  55 thru 59	$0.398
  60 thru 64	$0.701
  65 thru 69	$1.215
  70 thru 99	$1.916

  *Spouse rates based on the Employee's age

  SUPPLEMENTAL CHILD LIFE MONTHLY PREMIUM

  Monthly Premium per Child(ren) Unit ($5,000 in coverage)
  $0.510

  If an employee does not have sufficient pay on their paycheck to cover payroll-deducted benefits premium payments, invoicing is used to collect any missed payments. An employee could have insufficient pay due to situations such as an unpaid leave of absence or not having scheduled work in a pay period. Check out the LCC Employee Benefits Invoicing webpage for more details.

• Policy Certificate

  Full-Time Employees excluding Executives and President

  PDF FileLife Insurance Policy Certificate - FT Employees

  Executives (Pay Grade 9 and Above) excluding President

  PDF FileLife Insurance Policy Certificate - Executives

  President

  PDF FileLife Insurance Policy Certificate- President

LCC provides a guarantee issue amount of $50,000* in a Basic Accidental Death & Dismemberment (AD&D) Insurance policy at no cost for all full-time employees. AD&D Insurance provides benefits for employees and their family following an accidental death or certain bodily injuries. Employees can purchase additional coverage amounts for Employee, Spouse, and Child AD&D Insurance for a monthly premium.

*If you are a full-time Executive Contract Employee (Pay Grade 9 or above) or LCC President, your Basic AD&D Insurance policy amount is increased to $100,000 and $500,000, respectively.

Collapse Expand All

• Supplemental Coverage Information

  Coverage Type	Coverage Amount
  Employee AD&D	$10,000 increments, to a maximum of $500,000 (not combined with your Basic AD&D coverage amount; not to exceed 5 times annual salary)
  Spouse Only AD&D	50%*
  Spouse and Child(ren) AD&D	40%* for spouse and 10%* up to a maximum of $50,000 for each child
  Child(ren) Only AD&D	15%* up to a maximum of $50,000 for each child

  *Percentage of Supplemental AD&D Employee Coverage Amount

• Premium (Cost)

  SUPPLEMENTAL EMPLOYEE ONLY AD&D MONTHLY PREMIUM

  Monthly Premium per $1,000 of coverage
  $0.030

  SUPPLEMENTAL FAMILY AD&D MONTHLY PREMIUM

  Monthly Premium per $1,000 of coverage
  $0.050

  If an employee does not have sufficient pay on their paycheck to cover payroll-deducted benefits premium payments, invoicing is used to collect any missed payments. An employee could have insufficient pay due to situations such as an unpaid leave of absence or not having scheduled work in a pay period. Check out the LCC Employee Benefits Invoicing webpage for more details.

• Policy Certificate

  Full-Time Employees excluding Executives and President

  Executives (Pay Grade 9 and above) excluding President

  President

LCC provides Basic Long Term Disability (LTD) Insurance at no cost for all full-time employees following a 90-day elimination period. This insurance helps employees continue to pay bills and provide for living expenses while disabled. Benefits are paid at 66.6% of the employee’s monthly salary up to $6,000 monthly maximum benefit.

PDF FileLTD Insurance Policy Certificate