New York Life | NYL (Previously known as Cigna)

Credit Union One provides eligible employees with Basic & Voluntary Life/AD&D coverage as well as Short- and Long-Term Disability through Unum.

Basic Life/AD&D

Employees working 30 or more hours per week are eligible for 1 times your annual earnings not to exceed $500,000 payable to your designated beneficiary in the event of your death. An additional accidental death & dismemberment benefit (AD&D) is payable in the event of a covered dismemberment or if your death is the result of an accident.

Voluntary Life/AD&D

A sudden accident or death can leave you or your loved ones in a vulnerable position. Employees have the opportunity to enroll in Term Life and Accidental Death & Dismemberment insurance which will supplement lost income in the event of an accident or death. If you choose to enroll in employee coverage, this will be in addition to your employer provided Basic Life coverage.

Who's Your Beneficiary? Naming a beneficiary is a crucial part of electing life insurance. Also, don't forget to update your primary or secondary beneficiary if you experience a life event, such as a divorce or birth of a child.

Short Term Disability (STD)

Everyday illnesses or injuries can interfere with your ability to work. Even a few weeks away from work can make it difficult to manage household costs. Short Term Disability coverage provides financial protection for you by paying a portion of your income, so you can focus on getting better and worry less about keeping up with your bills. Credit Union One covers a portion of the costs associated with the STD coverage, however, all eligible employees are required to contribute $2.00 per pay period to cover a portion of the costs. STD benefits will begin on the 15th day of a covered absence from work and will replace 60% of your covered weekly income to maximum benefit of $3,500 per week. These benefits are payable for a covered claim for up to 11 weeks.

Long Term Disability (LTD)

Serious illnesses or accidents can interrupt your life, and your ability to work for months – even years. Long Term Disability provides financial protection for you by paying a portion of your income, so you have financial support to manage your disability and your household. Credit Union One covers the cost of your LTD insurance, however the expenses associated with paying for the insurance is reported as income to you in order to allow for a tax free benefit in the event of a claim. LTD benefits will begin on the 91st day of a covered claim and will replace 60% of your covered monthly income to maximum benefit of $20,000. These benefits are payable for a covered claim until your social security normal retirement age.

Family Medical Leave (FMLA)

In the event that you have an approved disability for an approved leave of absence, you may also qualify for Family Medical Leave (FMLA). FMLA will protect your position with CUO for up to 12 weeks if you are unable to work do to the following reasons:

The birth or adoption or foster care of a child
A medical condition of your own
To care for a spouse, child, or parent who is experiencing a medical condition

Please consult Human Resources and your Employee Benefits Guide, and Ultipro to review the benefit summaries/certificates for additional details, limitations, and exclusions.