LCC Worker Benefit Plans

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Basic Life Insurance

Your LCC employer provides Basic Life Insurance equal to 3 times your annual earnings (if you have dependents you will receive employer paid Basic Dependent Life Insurance equal to 25% of your earnings for your spouse, and 12.5% of your earnings for each dependent child). If you die while insured, this benefit provides financial assistance to your named beneficiary.

You can opt down to 1 times or 2 times your earnings; however, you must as a minimum elect 1 times your earnings. By opting for less than “core coverage”, you will free up FlexDollars which can be used to increase your core coverage of other benefit options.

(If you were hired prior to January 1, 2008, you have the option to retain 5 times or drop down to 4 times your earnings as core coverage. Note that if you opt down at any time, you will only be permitted to elect up to 3 times your earnings at future annual re-enrolments.)

No evidence of insurability is required for Basic Life Insurance.

Basic Life

Core Plan apple
  Option 1 Option 2 Option 3 Option 4 Option 5
Coverage 1 x annual earnings 2 x annual earnings 3 x annual earnings 4 x annual earnings 5 x annual earnings
Maximum $500,000 $500,000 $500,000 $500,000 $500,000
Termination Age Retirement Retirement Retirement Retirement Retirement

Basic Dependant Life

Coverage Spouse: 25% of employee’s elligible annual earnings
Child: 12.5% of employee’s elligible annual earnings
Maximum $150,000
Termination Age Member’s Retirement



You must designate a beneficiary for your Basic Life Insurance by completing the Beneficiary Designation form available from our forms page - the link can always be found on the top left side of the page.

You may designate as your beneficiary your spouse, your child(ren), another person, a charitable organization or your estate. You must specify the names of your beneficiaries and their relationship to you fully and clearly, and include their birthdates if there is any possibility of confusion. If you do not designate a beneficiary, payment will be made to your estate.

You are automatically the beneficiary for any benefit paid out under the basic Dependent Life Plan.

It’s up to you to keep your beneficiary form up-to-date. Your current beneficiary designation (last dated form) will not be revoked or changed unless you submit a new form.




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