Life insurance protects your beneficiary from financial hardship in the event of your death. Accidental Death and Dismemberment (AD&D) provides a benefit if you die due to an accident or if you have suffered a loss of functionality. Seattle University pays 100% of the premium for Basic Life and AD&D insurance. Eligible faculty and staff are automatically covered for the equivalent of annual pay (rounded up to the nearest $1,000) with a maximum of $50,000 coverage per plan. You may choose to purchase additional amounts of insurance for yourself or eligible family members.
Long Term Care (LTC) refers to a range of health and social services provided over an extended period to individuals who require assistance with activities of daily living (ADLs) due to chronic illness, disability, or cognitive impairment. LTC can be provided in a variety of settings, such as nursing homes, assisted living facilities, adult day care centers, and home care. The services provided may include assistance with basic activities like bathing, dressing, and eating, as well as medical and rehabilitation services, and social support. LTC is typically required by individuals who are no longer able to care for themselves independently and need ongoing assistance with their daily needs.
LTC insurance is available to Washington based employees via the Washington Cares Fund. This fund was recently established by the State of Washington to provide LTC benefits to qualifying workers. Please visit our Long Term Care website for more information.
Below is a brief outline of benefits. Refer to the appropriate insurance certificate for a summary of plan benefits. Under all circumstances, the insurance policy will take precedence over information contained on this website or within the certificate.
| Basic Coverage Amount | 100% of annual pay rounded up to the nearest $1,000. $50,000 maximum |
|---|---|
| Definition of Pay | Your annual base pay rate as of January 1 (or date of enrollment for newly hired faculty and staff). |
| Limitations | Coverage is reduced at age 65 and again at age 70 |
| Guaranteed Acceptance | You are guaranteed Basic Life Insurance coverage |
| Basic Coverage Amount | 100% of annual pay rounded up to the nearest $1,000. $50,000 maximum. Additional amounts are payable for certain types of losses |
|---|---|
| Definition of Pay | Your annual base pay rate as of January 1 (or date of enrollment for newly hired faculty and staff) |
| Limitations | Coverage is reduced at age 65 and again at age 70 |