Life Insurance Plans
At Nova Southeastern University, we recognize the importance of ensuring financial security for you and your loved ones. That’s why we provide a wide selection of basic and optional life insurance plans, thoughtfully designed to offer peace of mind and protection in life's unexpected moments.
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.
Optional Life Insurance Plans
Note: Optional life insurance plans through LFG is not available for employees residing in the American Territories.
Seeking additional financial security? NSU provides Optional Life Insurance for employees, spouses and children through Lincoln Financial Group (LFG), giving you the flexibility to enhance your protection with coverage tailored to your individual needs. This plan allows you to select higher coverage amounts or additional features to better align with 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
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.