Administrative Regulation: Life Insurance
Regulation Number: 3.16.4
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Eastern Wyoming College provides the option, for eligible full-time employees, to participate in the State of Wyoming Life Insurance program. Dependent coverage is an additional amount per month.
Life insurance and dependent life insurance are also available to disabled and/or retired employees. However, retired employees are not eligible for Accidental Death and Dismemberment benefit.
If an employee becomes terminally ill with a life expectancy of 12 months or less, he/she may apply to receive a portion of his/her life insurance as an “Accelerated Benefit.” He/she may request an Accelerated Benefit of up to 50% of his/her life insurance. If one of his/her dependents has a “qualifying medical condition” Accelerated Benefits are available for dependent life coverage. The amount of the Accelerated Benefit available to his/her dependent will be based on the amount of dependent life insurance coverage provided at the time of the request.
If all or part of the employees group term life insurance ends, he/she may apply for an individual life insurance policy. Likewise, his/her dependents may also convert to an individual policy if all or part of their life insurance ends. Conversion coverage is not available for accidental death, dismemberment and loss of sight benefits.
Enrollment cards are available in Human Resources along with information relating to life insurance.
Original Adoption Date: 2/16/99
Revision Date(s): 11/8/05(RF), 8/13/13(RF), 4/4/16, 7/21/17
Date reviewed, no change: