Life Insurance

Basic Life Insurance 

Life insurance, provided by The Hartford, pays a lump-sum to your beneficiary(ies) to help meet expenses in the event of your death. Basic life includes an additional multiple of your salary for accidental death. Basic life insurance is mandatory and cannot be declined. Benefits will be reduced to 50 percent at age 75. 

Plan Coverage Amount Cost to You
Staff Basic Life Insurance 1X base salary up to a maximum of $400,000. Changes in FTE or salary will change your coverage and deductions. Paid by Cone Health or the physician practice.
Department Head and Physician Basic Life Insurance 2X base salary up to a maximum of $400,000. Changes in FTE or salary will change your coverage and deductions Paid by Cone Health or the physician practice (unless you are a P & L physician and pay full cost).

Supplemental Life Insurance

Supplemental life insurance is additional life insurance that can be purchased by you for 1, 2 or 3 times your annual salary ($600,000 maximum applies). Supplemental life insurance is available for staff, department directors and physicians. 

Dependent Life for Spouse

Spouses are covered by amounts between $5K and $25K. 

Coverage Option Per pay period
$5,000 $1.00
$10,000 $1.99
$15,000 $2.98
$20,000 $3.98
$25,000 $4.97

NOTE:  Evidence of Insurability is required for Supplemental Life and Dependent Life for Spouse if employee/spouse does not currently have coverage and elects to add coverage, or if employee/spouse is already enrolled and elects to increase coverage by more than one level.

Dependent Life for Child(ren)

Child(ren) can be covered up to age 26. No Evidence of Insurability needed if added or increased during annual enrollment. Coverage is provided by The Hartford. 

Coverage Option Per pay period
$5,000
$0.72

$10,000 $1.44

Supplemental Accidental Death and Dismemberment 

Employee coverage levels are listed below at $25,000; $50,000; $100,000 and $200,000. If you enroll in family coverage, the spouse is covered at 50 percent of the employee coverage and children are covered at 15 percent of the employee coverage, capped at $25,000. 

Coverage Option Employee Only Coverage Family Coverage
$25,000 $0.19 $0.25
$50,000 $0.37 $0.51
$100,000 $0.74 $1.02
$200,000 $1.48 $2.03