You are here

As a participating employer in the NEBS group insurance plan your employees receive the following basic coverage:

Life Insurance

  • Provides the Employee's family, or the person(s) identified as a beneficiary, with a cash payment in the case of an employee's death.
  • Employer Members choose the level of coverage, either 3 times annual salary or 1.5 times annual salary. Rates charged vary with the option chosen.
  • Employees can choose to purchase additional Life Insurance.

Accidental Death, Disease and Dismemberment Insurance

  • Provides the Employee's family, or the person(s) identified as a beneficiary, with a cash payment in the case of an employee's accidental death.  If the employee contracts a ciritical illness that disables them, they will receive a cash payment.  If an employee loses any part of their body as a result of critical illness or injury, they will be paid a cash benefit.
  • Benefits are paid on a percentage of the level of Life Insurance coverage the employer has chosen.

Long Term Disability Insurance

  • Provides the employee a monthly income should an employee become totally disabled as a result of an injury or illness.
  • Employer Members choose either a non-taxable benefit of 60% of salary or a taxable benefit of 70% of salary.  Rates charged vary with the option chosen.
  • Employees must pay the full premiums to qualify for the non-taxable option.

Dependent Life Insurance

  • Provides the employee a cash payment in the case of the death of their spouse or dependent child. 
  • Employees can choose to purchase optional dependent life insurance for parents.