Life & Disability Insurance
At no cost to you, NYU provides all eligible employees with basic life insurance coverage of $50,000, administered by The Prudential Insurance Company of America.
If you enroll in or increase your supplemental life insurance you will be required to provide evidence of insurability (EOI), or proof of good health, to Prudential through EOI Connect, available to supplemental life participants on the Benefits Resource Center. Any new amount you elect will not be in effect until EOI has been received and approved by Prudential.
If you elect supplemental life insurance, an equal amount of Accidental Death & Dismemberment (AD&D) insurance is automatically included. The monthly cost for supplemental life and AD&D insurance will be determined by the amount elected in accordance with the following schedule. Rates are per $1,000 of insurance.
|Coverage Amount||Payroll Deduction / month|
You are covered by the long-term disability (LTD) plan after three months of full-time continuous service.
- If you are deemed totally disabled by NYU’s long-term disability insurance carrier, Lincoln Financial, you will receive 60% of your monthly base salary each month, up to a maximum of $1,500 per month.
- There are maximum benefit periods based on age at time of disability. If you are age 64 or younger, the maximum benefit period is five years; if you are age 65 through 68, the maximum benefit period is up to age 70 but not less than one year; if you are age 69 or older, the maximum benefit period is one year.