Life & Disability Insurance
Supplemental Life Insurance
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.
During the Annual Enrollment period, employees with a current supplemental life benefit may increase coverage by a $5,000 increment without providing Evidence of Insurability (EOI). You can decrease your coverage at any time. New enrollees may elect $5,000 coverage without providing EOI.
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 |
|---|---|
| $5,000 | $.38 |
| $10,000 | $0.76 |
| $15,000 | $1.14 |
| $20,000 | $1.52 |
| $25,000 | $1.90 |
| $30,000 | $2.28 |
| $35,000 | $2.66 |
| $40,000 | $3.04 |
| $45,000 | $3.42 |
| $50,000 | $3.80 |
| $55,000 | $4.18 |
| $60,000 | $4.56 |
Long-Term Disability Insurance
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 Group, 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.
Important Note about Leaves of Absence:
Your insurance effective date for any initial, increased, or additional insurance will be delayed while you are on a leave of absence and will begin on the date you return to Active Employment as specified in the Life Insurance Certificate of Coverage (PDF: 443 KB) and the Long-Term Disability Certificate of Coverage (PDF: 270 KB).