Life Insurance Plans
At Nova Southeastern University, we understand the importance of financial security for you and your family. That's why we offer a comprehensive range of basic and optional life insurance options designed to provide peace of mind in the event of an unexpected event.
Basic Life and Accidental Death & Dismemberment Coverage
NSU provides free Basic Life Insurance and Accidental Death & Dismemberment (AD&D) insurance to eligible employees working 19.2 hours or more per week.
Basic Life Insurance offers a fundamental level of financial protection for your loved ones. In the unfortunate event of your passing, your beneficiaries will receive a benefit equal to your annual base salary (excluding overtime and overload) to help cover expenses and maintain financial stability.
AD&D Insurance provides additional coverage for accidental death or severe injury. This ensures your family is protected in case of unexpected accidents.
Keep Your Beneficiaries Updated
To ensure your loved ones are protected, please review and update your beneficiary information in your ICUBA benefits profile through SharkLink.
Customize Your Coverage with Optional Life Insurance
Looking for more financial security? NSU offers Optional Life Insurance through Lincoln Financial Group (LFG) – not currently available for employees in the American Territories.
Optional Life Insurance allows you to enhance your financial protection by choosing additional coverage tailored to your individual needs by offering the flexibility to select higher coverage amounts or additional features to better suit your personal and family financial goals.
Rates for Optional Life Insurance are age banded (increase every 5 years) for policy increments of $10,000.00. Guaranteed coverage is available up to $300,000.00 for newly hired employees or when employees make changes during an IRS Section 125 qualifying life event.
- You may elect up to $500,000 in coverage.
- Changes made during the annual Open Enrollment period as well as coverage exceeding $300,000 required simplified medical underwriting (Evidence of Insurability)
- Optional Life Insurance coverage is an age reduced policy
- Elected coverage decreases to 67% of the benefit at age 65 and 50% of the benefit at age 70.
Download Optional Life Insurance Benefits At-a-Glance
If you have additional questions or need help, contact Lincoln Financial Group at 800-291-0112.