WAICU has sponsored a members-only Group Life and Disability Insurance Program since 1993.  The premium rates are based on the Program’s claims experience, which has been very favorable.  As a result, there have been five rate decreases over the past 31 years, with no rate increases.

Members can tailor any or all of the group life, voluntary life, short term disability and long term disability insurance benefits to meet the needs of each WAICU member and their employees.  Because of the Program’s collective purchasing power, there are benefits automatically included that are not likely to be available outside of the WAICU Program.  Examples include:

• Maximum monthly group long term disability protection up to $18,233/month
• Group life waiver of premium if an employee is disabled prior to age 67, rather than the usual maximum eligibility of age 60
• Guaranteed issue voluntary life benefits of $150,000 per employee, and $30,000 per spouse, with no minimum participation requirements

Standard Insurance Company also includes excellent ancillary benefits, including an Employee Assistance Program (EAP) for the benefit-eligible employees of WAICU members who provide group long term disability insurance, as part of their high quality coverage for all participating WAICU members.

To contact WAICU about the program, email collaboration.info@waicu.org.

This program is available to WAICU members through WAICU’s partnership with The Coalition for College Cost Savings. 

The Voluntary Benefits Shop, The Coalition’s endorsed broker, has specialized in providing Long Term Care insurance solutions to private, non-profit, higher education. The LTC provides Life Insurance with Long Term Care, a unique and attractive combination that gives employees freedom and flexibility to cover two critical needs with one policy.   

Features include: 

• Utilizes Life Insurance with a LTC rider which eliminates the “use it or lose it” drawback of a traditional LTC product. 

• Completely voluntary program for employees ages 18-80. Full-time and part-time/adjuncts working 20+ hours per week are eligible. 

• True Guarantee Issue with benefit up to $175,000 for employees ages 18-70. (Simplified Issue for ages 71-80). 

• Can be set up as direct billing or payroll deduction. 

• Easy turnkey enrollment – driven towards online employee assisted enrollment – no agent pressure. 

To contact WAICU about the program, email collaboration.info@waicu.org. 

Whether you are a student, alumni, faculty, staff, or retiree, we have your insurance needs covered. Products include student renters, tuition refund, and event liability. Start browsing for products today by visiting CampusConnexions.com

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