Core Term Life and Accidental Death & Dismemberment Insurance are paid 100% by your employer. Additional Employee Term Life, Spouse Term Life, and Child Term Life options are paid 100% by the employee through semi-monthly payroll deductions. The insurer for Core and Additional Life Program is Standard Insurance Company, Portland, Oregon. Standard Life’s Best rating is “A” (Excellent).
Core Long Term Disability Insurance pays 50% of an employee’s Base Monthly Salary, up to $3,000 per month, after a 90 day waiting period until Age 65. Additional Long Term Disability (Buy Up Plan) is available. The employer and employee share the cost of this coverage.