The NCFlex Group Term Life Plan is administered by Voya. This is strictly a term life insurance policy and there is no accumulated cash value, however the cost is much less than a whole or universal life plan. 

• This insurance pays a benefit to the beneficiary(ies) as a result of death while covered under the policy.
• You can choose coverage for yourself, your spouse or your unmarried children under age 26.
  • If you are eligible to participate in this plan as an employee and a dependent (spouse or child), you MUST choose to participate as an employee.
• The monthly premium for an employee and spouse is based on the employee's age and the coverage amount which ranges from $20,000 up to $500,000.
  • The monthly premium for a child is a set cost for either $5,000 or $10,000 of coverage, no matter  how many children are covered.
• Medical questions may be required, depending on the amount you choose.
• Increase your election by $20,000 each year during Open Enrollment, up to the Guaranteed issue amount of $200,000 for employee and $50,000 for spouse – no medical questions asked.
• Imputed Income Calculator
  • Imputed income is calculated when you carry employee only term life coverage.
• Changes can be made to this plan when you become newly eligible, experience a Qualifying Life Event or during Open Enrollment.
• Additional features of this benefit include:
  • Waiver of premium if you become permanently disabled (under age 60) while covered by the plan
  • Bereavement Support, including Funeral Planning & Will Prep
  • Accelerated Death Benefit
• This plan may be continued when you leave employment. If you are age 70 or older, you may convert the plan to a whole or universal policy. Under age 70, you may port the policy you had as an employee. 

To file a claim, obtain a waiver of premium form, or learn about your continuation options, see the customer service contact below.  

Plan Information, Certificates, and More