Supplemental Portable Term Life Insurance Summary - a brief description of the supplemental life insurance plan.

Basic, Supplemental & Dependent Life Insurance Provisions Document  - detailed information regarding the life insurance plans.

Aetna Privacy Notice

How much Life Insurance do I need?

Why do women need Life Insurance?

Voluntary Supplement Portable Term Life (STL) Coverage

In addition to the automatic coverage provided by MCCCD, you can purchase additional coverage for yourself. You may elect additional life insurance in amounts from $5,000 to $500,000. The cost of this insurance is based on your age and the amount of coverage you wish to purchase.

Regulations for coverage:
New Hire elections made within 31 days of your initial hire, the following election rules apply:

	$5,000 to $150,000 guaranteed issue (Evidence of Insurability is not required).
	Any coverage level above $150,000 requires Evidence of Insurability and must be approved by Aetna.

Open Enrollment elections, the following election rules apply:

Evidence of Insurability is required for any amount elected.

The amount of Portable Term Life Insurance coverage that you purchase will be reduced by 50% on your 70th birthday.

Your Portable Term life insurance plan automatically includes an Accelerated Death Benefit Option, which provides greater flexibility for a terminally ill individual. If you become terminally ill, you may need or want to receive a portion of your life insurance benefit to meet expenses or make specific plans. This policy provides an accelerated death benefit payment if you become terminally ill and have a medical prognosis of 12 months or less to live. Your accelerated death benefit will pay 75% of your elected amount up to a maximum of $390,000 for employee and $18,750 for dependent spouse. This payment will be made in one lump sum and is payable once during your lifetime. Once this benefit has been paid, the amount of life insurance you have will be reduced by the accelerated payment. Payment of premiums on the full amount of life insurance must continue. The accelerated benefit is paid directly to you, the insured, and it may be taxable as income.

Waiver of Premium—Basic, Supplemental Life Only

If an employee becomes totally and permanently disabled before age 60, and the disability lasts for at least 6 months, coverage may be continued without premium payments. 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, on Basic Life and age 70 on the Supplemental. 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.

Portability—Supplemental and Dependent Term Life Only

Portability allows employees and qualified dependents to continue their life insurance upon termination, retirement or loss of coverage from MCCCD. Employees are eligible up to the age of 98 and spouses are eligible up to the age of 70. Dependent child(ren) are eligible up to the age which is one year younger than the age at which he or she will cease to meet the Plan's definition of dependent. Employees must be actively at work at the time coverage is terminated. Disabled members are not eligible to port their coverage. 

Naming a Beneficiary

When you sign up for insurance coverage, you must name a beneficiary. The Basic and Supplemental Portable Term Life Insurance plans pay a benefit to your beneficiary if you die. You may name anyone you choose. However, if you wish to name a minor as beneficiary, we advise that you contact an attorney for direction.

If you wish to change your beneficiary, you may do so at any time. It is your responsibility to keep your beneficiary designation up to date.

How do I choose a Beneficiary?

Is there help for my Beneficiary after my death?

Last modified: November 30, 2007

[ Home ] [ Up ] [ Benefit Plans ] [ Premium Rates ] [ Leaves ] [ Change of Status ] [ Benefits Term ] [ Retire Incentive ] [ Active Retirement ] [ Emeritus Policy ] [ Open Enrollment ] [ News/Deadlines ] [ Benefit Forms ] [ Vendor Numbers ] [ HIPAA Regs ] [ MCCCD Sites ] [ Staff to Contact ] [ MCCD Search ]