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Standard Life - Group #151414

The college currently provides $50,000 of Basic life insurance coverage to newly benefit eligible full-time employees, at no cost. You may elect Additional life insurance coverage in increments of $25,000 up to a maximum of $500,000 (Maximum Basic + Additional = $550,000).

New employees enrolling for the first time are limited to $300,000 of Additional, guaranteed issue life insurance. Any level of life insurance coverage chosen in excess of the guaranteed issue amount of $300,000 will require the employee to submit a Standard Evidence of Insurability/Medical History form

You are provided an amount of Accidental Death & Dismemberment (AD&D) benefits equal to the dollar amount of your Basic plus Additional life insurance coverage. Benefits are payable if you die or suffer accidental injuries as a result of a covered accident. You are additionally provided Global Travel Assistance coverage, at no cost.

Employees who attain age 75 will have an automatic 50 percent reduction in life insurance and AD&D coverage amounts. Additionally, if such employee has enrolled for dependent life insurance coverage, their dependents life insurance coverage amount(s) will be reduced by 50 percent with no corresponding reduction in dependent life insurance premium.

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KPERS Employee Life

In addition to the Basic and any Additional life insurance you may elect, the Kansas Public Employees Retirement System (KPERS) automatically provides you with term life insurance coverage in an amount equal to 150 percent of your annual KPERS gross salary. As a new employee of JCCC, KPERS will additionally allow you to purchase Optional Group Life Insurance, within 30-days of your hire date, to a maximum of $400,000, in $5,000 increments, subject to evidence of insurability on amounts in excess of $50,000.

You can access the KPERS Life Insurance brochure by utilizing the following link:

Life Insurance Taxability

According to federal tax law, up to the first $50,000 of college-provided life insurance is available to you tax-free. Once the face amount of your life insurance grows larger than $50,000, the value of the college-provided insurance is taxable to you. The value of the coverage over $50,000 is commonly called imputed income and is added to your taxable pay. Because the college provides $50,000 of Basic Life at no cost, and the amount of your basic life coverage with KPERS and any Additional coverage you purchase from JCCC is purchased on a pre-tax basis, the total amount of the coverage (less the first $50,000 of coverage) is deemed "college-provided" and must be reported by JCCC as taxable income.

The Internal Revenue Service (IRS) table used for calculating imputed income is provided below for reference.

IRS Imputed Income Table


Monthly Cost per $1,000

Under 25 years


25 to 29 years


30 to 34 years


35 to 39 years


40 to 44 years


45 to 49 years


50 to 54 years


55 to 59 years


60 to 64 years


65 to 69 years


70 years or above


Note: Your age at the end of the year applies to the calculation of your imputed income for the whole year.