Income Protection

To help provide you with the peace of mind when you need it most, Community offers Life Insurance, Long-Term Disability and Long-Term Care benefits.

Income Protection Programs

Community offers a variety of programs to help protect your income in case the unexpected happens.

Basic Life and Accidental Death and Dismemberment (AD&D) Insurance: No Cost

Basic life and AD&D insurance is provided at no extra cost and covers you in the event of accidental death or accidental loss of limbs or eyesight in the following ways:
  • Hourly, Non-Exempt Employees: Covered for Annual Salary up to $150,000
  • Salary, Exempt Employees: Covered for Twice (2x) Annual Salary up to $1.5 million
Additional Buy-Up available for you, your spouse and your child with medical questionnaire and underwriting approval

Supplemental Life Insurance

  • For yourself: Up to 6x your salary, in $10,000 increments, not to exceed $500,000.
  • For your spouse/domestic partner: Up to your combined basic life and supplemental life coverage, in $5,000 increments, not to exceed $250,000.
  • For children: age 25 and under: $2,500 increments, not exceed $10,000.

An Evidence of Insurability Application is required when electing any additional amount of supplemental life insurance over the guaranteed issue amount. Evidence of Insurability Application is not required when you are initially eligible for the following amounts:

  • You: $250,000 (up to 6x your annual salary)
  • Your spouse/registered domestic partner: $75,000
  • Your child(ren) or your registered domestic partner’s child(ren): $10,000

Please note: These guarantee-issue amounts are only available when you are initially eligible for supplemental life insurance. They are not available during open enrollment.

Long-term
disability insurance: No Cost

If you’re unable to work because of a sickness or injury, long-term disability insurance helps protect your income while you recover at home. After you have been disabled for 12 months, you may qualify for a monthly benefit of 50% of your base pay up to $20,000 per month. This is an employer-sponsored benefit at no cost to you.

Also, you may purchase a low-cost “buy-up option” as a new employee or during our annual open enrollment for 60% of your base pay, up to $20,000 per month.

Permanent Life Insurance Plan with a Long-Term Care Rider through Trustmark

Long-term care helps support you when you can’t do daily activities (such as bathing, dressing, or grooming) on your own. No matter what care you choose, you’ll have the support to live life on your terms.

In 2023, the annual median cost for long-term care ranged from $24,700 to $116,800 — depending on the service. Unfortunately, costs aren’t covered by Medicare or private health insurance. And Medicaid only kicks in after you’ve depleted your assets.
With Long-Term Care with Life Insurance, you get: An expense benefit for personal care Life insurance to financially protect your loved ones Coverage that adjusts to your personal circumstances

An expense benefit for personal care Life insurance to financially protect your loved ones Coverage that adjusts to your personal circumstances