FMU also offers supplemental insurance programs through AFLAC, Colonial Life and Accident Insurance Company, EMC National, and Merastar. Some programs currently available are Life Crisis plans, Cancer Insurance, LIfe policies (Term and Universal Life), Hospital Income Insurance, Intensive Care Coverage and Short Term Disability, as well as automobile and homeowner's coverages.
Merastar Auto & Home Insurance
Supplemental life insurance: The amount of insurance through Mutual of Omaha for which an employee is eligible is 2 1/2 times salary rounded to the higher thousand, not to exceed $100,000 coverage. The cost to the employee is $0.26 per thousand-dollar coverage; the Francis Marion University Foundation pays $0.07 per thousand-dollar coverage. Dependent life coverage costs the employee $2.10 per dependent unit and $5,000 coverage for the spouse and $2,000 for each dependent child. These rates are subject to change each fall, based on the average age of University employees and previous experience ratings. This plan also has a Living Benefit that provides a payment equal to 50% of the face value of the policy to an insured employee who is diagnosed with a terminal illness. Check further details at: www.mutualomaha.com/service/secindex.html.