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Human
Resources »
Benefits
Information Center » Life Insurance
General Information
NWHSU believes that life insurance is an important
part of an employee's financial security and therefore,
provides life insurance on all eligible employees. This
life insurance also includes Accidental Death &
Dismemberment (AD&D) as an additional amount of
coverage that is paid if the death is due to an accident
or if an employee sustains a serious accidental bodily
injury. The amount of life insurance available increases
after one (1) year of employment in a benefit eligible
position and also includes an accelerated death benefit.
In addition, optional and dependent life insurance may
be available for eligible employees to purchase through
other supplemental plans. For all life insurance plans,
the participant must select a beneficiary that may be
changed at any time by completing a beneficiary
change form.
Regular full time and regular part time employees
(budgeted to work 20 or more hours a week) become eligible
to participate in the plan on the first of the month
following one (1) month of employment in a benefit eligible
position and should see Human
Resources for more detailed information.
FAQs
Q: I would like additional life insurance over
and above what NWHSU provides. How can I do this?
A: Northwestern offers supplemental life insurance
for you, your spouse and dependents on a voluntary
basis.
Q: How much additional life insurance can I
buy?
A: You may purchase up to five (5) times your
annual earnings or $300,000 which ever is less.
Q: What happens to this life insurance when
I leave NWHSU?
A: Your supplemental life insurance is portable
and can be continued up to age 95. You will have portability
options for all life insurance coverage.
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