Group Life/AD&D, Travel and Disability Insurances
Basic Term life, accidental death and dismemberment (AD&D) insurance and disability insurance are automatically paid for by the college for eligible employees (see applicable bargaining agreement or handbook). The employee may purchase optional additional voluntary life and AD&D insurance coverage for themselves and their dependents if they elect to do so during the first 31 days of their employment in a benefits eligible position, and during this period there is a “guaranteed issue” provision.
An accidental death policy that covers eligible employees while traveling on official college business is available and is paid for by the college.
- Eligible employees
- include full-time Faculty, full-time and part-time: Classified, Managerial, Academic Professionals, Confidentials.
Note: This is a time-sensitive elective benefit!
Employer Paid Group Insurance
As a benefited employee of Portland Community College, you are automatically provided life insurance, AD&D, and LTD insurance, at no personal cost through The Standard Insurance Company.
| Employee Type | Life | AD & D | Disability* | PCC Business Travel (Life) |
|---|---|---|---|---|
| Classified (600 hrs. minimum) |
$20,000 | $20,000 | 66.667% of Gross Income | $100,000 |
| Faculty (FT 180 Day Contract) |
$20,000 | $20,000 | 66.667% of Gross Income | $100,000 |
| Academic Professional (AP) (960 hrs. minimum) | $20,000 | $20,000 | 66.667% of Gross Income | $100,000 |
| Management (1040 hrs. minimum) | $50,000 | $50,000 | 66.667% of Gross Income | $100,000 |
| Confidential | $50,000 | $50,000 | 66.667% of Gross Income | $100,000 |
* A salary replacement policy for a disability sustained on or off the job is paid for by the college. Following a 90 day waiting period, benefits are payable at 66.667% of the employee’s earnings prior to the disability.
Optional Group Insurance
Employees in any of the benefited positions described above are also eligible to buy additional Optional Life Insurance through post-tax payroll deductions. If PCC employees elect to purchase additional optional life insurance within the first thirty (31) days of employment in a benefited position, they are “guaranteed issue” for up to $100,000 over the PCC paid coverage for the employee, $30,000 for the spouse or domestic partner (DP), and $10,000 for a child or children. Additional Optional Accidental Death and Dismemberment (AD&D) Insurance is also available during this “guaranteed issue” period.
You may enroll in up to five times your annual salary for additional life insurance and up to ten times your annual salary for additional AD&D (maximum $500,000). If you have elected coverage over the guarantee issue amount listed above, you and/or your spouse/DP will need to go through underwriting, which is subject to approval by The Standard. This insurance coverage will be effective the first of the month following The Standard's underwriting approval.
If optional insurance is not elected during the "guaranteed issue" period, employees can apply for optional insurance at open enrollment, but such applications are subject to approval by the underwriting department of The Standard.
- Life and AD&D insurance is portable (limits apply) should your employment with the college terminate.
- In the event that a subscriber is diagnosed with a documented terminal illness, a portion of the life insurance benefit can be paid to the insured while they are still living.
- A rates sheet is shown below.
For additional information about this self-pay optional insurance benefit, please contact the Benefits Team.
Group Term Life - How to Enroll
To calculate your coverage cost, determine the amount of life insurance that is right for you and your dependents. Then, calculate your and your spouse's "insurance age" by subtracting the year of birth from the plan year. Calculate the amount of your payroll deduction for the coverage you have chosen using the rate schedule below. A sample premium calculation has been provided for you.
If you have chosen coverage over your guarantee issue amount ($100,000 for you or $30,000 for your spouse/DP and $10,000 for your child or children), you will also need to go through the underwriting process with The Standard. Note: The amount of coverage over your guarantee issue amount will be subject to medical underwriting approval and will be effective the first of the month after it is approved.
For more information on life and AD&D insurance, please see the plan summary.
Optional Life Insurance Rates:
| Optional Employee Life Plans | |
|---|---|
| $10,000 - $500,000 Maximum Benefit | |
| Age as of each October 1 | Rate (per $10,000 of benefit) |
| Under 25 | $0.40 |
| 25 – 29 | $0.45 |
| 30 – 34 | $0.50 |
| 35 – 39 | $0.70 |
| 40 – 44 | $1.00 |
| 45 – 49 | $1.50 |
| 50 – 54 | $2.30 |
| 55 – 59 | $4.30 |
| 60 – 64 | $6.60 |
| 65 – 69 | $12.70 |
| 70 – 74 | $14.80 |
| 75+ | $20.60 |
| Optional Spouse Life Plans | |
|---|---|
| $10,000 - $500,000 Maximum Benefit | |
| Age as of each October 1 | Rate (per $10,000 of benefit) |
| Under 25 | $0.50 |
| 25 – 29 | $0.60 |
| 30 – 34 | $0.80 |
| 35 – 39 | $0.90 |
| 40 – 44 | $1.10 |
| 45 – 49 | $1.70 |
| 50 – 54 | $2.50 |
| 55 – 59 | $4.50 |
| 60 – 64 | $6.80 |
| 65 – 69 | $13.00 |
| 70 – 74 | $15.60 |
| 75+ | $36.00 |
| Optional Child Life Plan | |
|---|---|
| $2,000 - $10,000 Maximum Benefit | |
| Rate (per $2,000 of Benefit) | $0.10 |
Optional AD&D Rates:
| Optional Employee AD&D Plan | |
|---|---|
| $10,000 - $500,000 Maximum Benefit | |
| Rate (per $10,000 of Benefit) | $0.15 |
| Optional Spouse AD&D Plan | |
|---|---|
| $10,000 - $500,000 Maximum Benefit | |
| Rate (per $10,000 of Benefit) | $0.15 |
| Optional Child Life Plan | |
|---|---|
| $2,000 - $10,000 Maximum Benefit | |
| Rate (per $2,000 of Benefit) | $0.03 |