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.

Program Contacts

Martin Pepe
Martin.Pepe@m3ins.com
(262) 524-4184

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

WAICU partners with The Coalition for College Cost Savings to utilize several of their cost-saving collaborative programs. The Long Term Care Insurance program is one of those affiliate programs.

AffinityLTC, The Coalition’s endorsed broker, has specialized in providing Long Term Care insurance solutions to private, non-profit, higher education for over 15 years. AffinityLTC first partnered with The Coalition in 2008 to offer John Hancock and then Genworth group LTCi products with unique benefits and limited underwriting to higher education clients and their families.

The Coalition is pleased to announce that AffinityLTC has a new group LTC offering available to Coalition members. This program is available to WAICU members due to WAICU’s membership in the Coalition.

Features include:

• Allstate Benefits: A+ rated carrier.
• 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.

AffinityLTC contact: For more information or to see what this would look like for your employees contact Amy Ewbank at amy@affinityltc.com or Julie Clevenger at julie@affinityltc.com

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

• Best Practice: This partnership among institutions promotes the exchange of best practices in compliance and risk management, keeping members informed about the ever-changing landscape of educational risks.
• Savings: Leveraging scale and expert advice, the group premium has reached a level that enables the distribution of dividends for workers’ compensation coverage, in addition to the premium savings already realized.
• Administrative and Strategic Support: Our members typically wear many hats, relying on the WAICU Property & Casualty Insurance Program to support their everyday needs. Keeping Audit Committees and Boards apprised of evolving risks and market conditions has been a key differentiator in our partnership.
• Dedicated Claims Advocacy: Our members benefit from dedicated claims advocacy services, particularly in navigating property damage issues arising from convective storms, frozen burst pipes, and water damage. Furthermore, we provide access to specialized claims resources, including expertise in concussion litigation for athletics dating back to 1952, as well as forensic accounting consulting services to support crime claims. This ensures that perpetrators are brought to justice, and reimbursement is coordinated through our crime insurance coverage.

Marsh Contact
Frank D Cella, Managing Director
National Leader, Education Consortia Practice
frank.d.cella@marsh.com
(847) 644-5143

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

Marsh is the world’s leading insurance broker and risk advisor. With more than 45,000 colleagues advising clients in over 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit marsh.com, and follow us on LinkedIn and X.