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.

Questions? Email benefits@ltu.edu


Limitations
Lawrence Tech in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents. Although the university has elected to provide these benefits this year, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the university modifies, amends, or terminates the benefit. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the university's right to modify, amend or terminate them.

Every effort has been made to ensure the accuracy of the benefits information in this site. However, if any provision on the benefits plans is unclear or ambiguous, the Office of Human Resources reserves the right to interpret the plan and resolve the problem. If any inconsistency exists between this site and the written plans or contracts, the actual provisions of each benefit plan will govern. Lawrence Tech in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents.