- Provided by MCCCD at no cost to you.
- Amount provided is $20,000 ($10,000 if age 70 or over) for each eligible employee.
- Additional life insurance may be purchased by you by electing Supplemental Life Insurance.
You are permanently and totally disabled only if disease or injury stops you from working at your own job or any other job for pay or profit and it must continue to stop you from working at any reasonable job. You must meet all of the following to be eligible:
- Your Life Insurance must be in force when you cease work due to disease or injury.
- You must be under age 60 at the time you cease active work.
- You must be absent from work for at least 6 consecutive months without interruption.
- Premium Waiver coverage will continue until the date the employee reaches the amended 1983 Social Security Normal Retirement Age or their date of retirement, whichever is earlier, for Basic Life.
- Premium Waiver coverage will continue until the date the employee reaches age 70 for Supplemental Life.
- Aetna must receive your written notice of claim for this extension at its Home Office within 12 months from the date you cease active work.
- A beneficiary must be designated for the coverage elected.
- The Basic and Supplemental Portable Term Life Insurance plans pay a benefit to your beneficiary if you die.
- You may name anyone you choose. If you wish to name a minor as beneficiary, we advise that you contact an attorney for direction.
- You may change your beneficiary at any time.
- It is your responsibility to keep your beneficiary designation up to date.