Life Insurance

LTU covers full time employees with life insurance coverage. The coverage begins on the first of the month following 30 days of full-time employment. The term life insurance equals 100% of one years salary rounded up to the nearest $1,000 (to a maximum benefit of $150,000).  The pre-age 70 amounts reduce to 50% at age 70 to a maximum benefit of no more than $50,000. The employer pays the entire cost of this coverage.

Employees may purchase additional supplemental life insurance at one times upto four their annual salary in term life insurance.

Dependent life insurance is also available for purchase. Two plans options are available to cover the employee's spouse and dependent children.  The employee pays the full cost of this insurance. Contact the Office of Human Resources for more information.