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Life insurance

The university offers a number of life insurance plans:

  • Basic Life is available to benefit-eligible faculty and staff. For retirees, Basic Life is available to those retirees who are eligible for retiree insurance benefits, have not yet reached the age of 70 and were enrolled in the plan before retiring.
  • Additional Life is available to benefit-eligible faculty and staff, as well as retirees who are eligible for retiree insurance benefits and were enrolled in the plan before retiring.
  • Dependent Life (Spouse, Sponsored Adult Dependent, and/or Child) is available to benefit-eligible faculty and staff, as well as retirees who are eligible for retiree insurance benefits and were enrolled in the plan before retiring.
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Basic Life

As an employee, you are automatically enrolled in Plan A of the Basic Life Plan because it is 100% employer paid. You may opt out of this coverage if you wish. Coverage is available at 1x (Plan A) or 2x (Plan B) your annual base salary to a maximum of $1,700,000. With both options, the coverage amount begins to decrease once you reach age 55. In addition, you must be actively at work on the effective date of coverage; otherwise, coverage will begin when you return to active work.

You may elect Basic Life Plan B at initial enrollment without providing evidence of insurability provided you submit your enrollment within 31 days of your date of hire or eligibility date. If you elect Plan B during Annual Enrollment, you must submit evidence of insurability.

Premiums

Monthly premium cost for active employees, per $1,000 of coverage*:

  • Plan A- (1 x annual base salary & age graded): $0
  • Plan B- (2 x annual base salary & age graded): $0.022

*Learn more about the Evidence of Insurability information required for enrolling in this plan.

As a retiree, Basic Life is available if you are eligible for retiree insurance benefits, have not yet reached age 70 and were enrolled in the plan before retiring. Your salary is based on the year in which you retired. You may not increase your coverage; however, you may decrease or cancel your coverage at any time by completing the retiree benefits change form. Please note, once you cancel your Basic Life coverage, you cannot re-enroll.

Monthly premium cost for eligible retirees, per $1,000 of coverage:

  • Plan A- (1 x annual base salary & age graded): $0
  • Plan B- (2 x annual base salary & age graded): $0.082

For more details on this plan, refer to the Life Insurance Summary Plan Description (SPD).



Additional Life

Additional Life Insurance is 100% employee/retiree-paid. This plan provides you an opportunity to add extra coverage in addition to basic life insurance. Coverage is available at 1x, 2x or 3x your annual base salary to a maximum of $1,000,000, and a minimum of $20,000 even if you earn less. Monthly premiums vary by age. In addition, you must be actively at work on the effective date of coverage; otherwise, coverage will begin when you return to active work.

As an employee, you may elect Additional Life at initial enrollment without providing evidence of insurability (up to 1x annual base salary) provided you submit your enrollment within 31 days of your date of hire or eligibility date. If you waive this coverage, you will not be able to enroll until the next Annual Enrollment period. If you elect Additional Life during Annual Enrollment, evidence of insurability must be submitted for any enrollment or increase in coverage.

Employees/retirees may decrease Additional Life coverage at any time during the plan year by completing the appropriate benefit change form.

For more details on this plan, refer to the Life Insurance Summary Plan Description (SPD).

Premiums

Additional Life monthly premium cost for active employees and retirees, per $1,000 of coverage*, by age as of January 1:

  • < 25: $0.05
  • 25 – 29: $0.06
  • 30 – 34: $0.08
  • 35 – 39: $0.09
  • 40 – 44: $0.10
  • 45 – 49: $0.15
  • 50 – 54: $0.23
  • 55 – 59: $0.43
  • 60 – 64: $0.66
  • 65 – 69: $1.27
  • 70 – 74: $2.06 - $2.76
  • 75 – 79: $3.04 - $4.35
  • 80 – 84: $4.74 - $6.87
  • 85 – 89: $7.53 - $10.43
  • 90 – 94+: $11.24 - $16.02

*Learn more about the Evidence of Insurability information required for enrolling in this plan.



Dependent Life - Spouse or sponsored adult dependent

Dependent Spouse/Sponsored Adult Dependent Life Insurance is 100% employee-paid. Coverage is available in increments of $10,000 up to a maximum of $50,000.

As an employee, your opportunities to elect dependent life for a spouse or sponsored adult dependent and the evidence of insurability* (EOI) requirements are as follows:

  • New hire enrollment: You may elect coverage up to $20,000 without EOI provided you do so within 31 days of your date of hire or benefit eligibility date.
  • Annual enrollment: You may elect to enroll or change the amount of coverage for which you’ve enrolled. EOI is required for newly elected coverage and increases in coverage. EOI is not required for decreases in coverage.
  • Mid-year qualifying event: You may elect coverage up to $20,000 without EOI provided you do so within 31 days of the date of marriage. EOI is required for existing spouses/sponsored adult dependents to enroll in any amount of coverage.
    • If your spouse/sponsored adult dependent was a UM benefit-eligible employee who lost their UM basic life coverage and is newly eligible for UM spousal life coverage, you may elect up to $20,000 without EOI provided you do so within 31 days of the date the UM employee coverage ended.

Note: If your eligible Spouse/Sponsored Adult Dependent is totally disabled at the time coverage would otherwise begin, your Spouse/Sponsored Adult Dependent's coverage will begin on the date your eligible Spouse/Sponsored Adult Dependent is no longer totally disabled. “Totally Disabled” means that, as a result of an injury, a sickness or a disorder:

  • your eligible Spouse/Sponsored Adult Dependent is confined in a hospital or similar institution; OR
  • is confined at home under the care of a physician for a sickness or injury.

If your former Spouse/Sponsored Adult Dependent no longer qualifies for this coverage, it is your responsibility to cancel your Spousal Life coverage by completing a Benefit Change Form. Employees may decrease or waive Spousal Life coverage at any time during the plan year by completing a benefit change form. Retirees may decrease or cancel coverage at anytime by completing the retiree benefits change form. However, once you decrease of cancel your Dependent Life coverage(s) you cannot increase or re-enroll.

For more details on this plan, refer to the Dependent Life Insurance Summary Plan Description (SPD).

Premiums

Dependent Life - Spouse or Sponsored Adult Dependent monthly premium cost for active employees and retirees, per $1,000 of coverage*, by age as of January 1:

  • < 30: $0.064
  • 30 – 34: $0.073
  • 35 – 39: $0.10
  • 40 – 44: $0.155
  • 45 – 49: $0.228
  • 50 – 54: $0.346
  • 55 – 59: $0.537
  • 60 – 64: $0.837
  • 65 – 69: $1.32
  • 70 – 74: $2.11
  • 75 – 79: $3.449
  • 80 – 84: $5.36
  • 85 – 89: $8.399
  • 90+: $12.977

*Learn more about the Evidence of Insurability information required for enrolling in this plan.



Dependent Life - Child

Dependent Child Life Insurance is 100% employee-paid. Coverage is available in increments of $5,000 up to a maximum of $25,000.

Your opportunities to elect dependent life for a child are as follows:

  • New hire enrollment: You may elect coverage up to $25,000 provided you do so within 31 days of your date of hire or benefit eligibility date; otherwise, you must wait until the next Annual Enrollment.
  • Annual enrollment: You may elect to enroll or change the amount of coverage for which you’ve enrolled.
  • Mid-year qualifying event: You may elect coverage up to $25,000, provided you do so within 31 days of the date of birth or adoption.
    • If your dependent child was a UM benefit-eligible employee who lost their UM basic life coverage and is newly eligible for UM dependent life child coverage, in which case you may elect up to $25,000, provided you do so within 31 days of the date the UM employee coverage ended; otherwise, you must wait until the next Annual Enrollment.

If you enroll in coverage, then all of your children are covered. Children are eligible for Dependent Child Life insurance coverage until the end of the month in which they turn 26 years of age*. If your dependent(s) no longer qualify, it is your responsibility to cancel your Dependent Child Life coverage by completing a Benefit Change Form.

*After exceeding this age limit, your child’s coverage would normally end. However, your child will remain eligible for coverage after reaching the age limit if certain criteria is met regarding disability.

Premiums

Dependent Life - Child Monthly premium cost for active employees and retirees, per coverage amount listed:

  • $5,000 coverage: $0.32
  • $10,000 coverage: $0.64
  • $15,000 coverage: $0.96
  • $20,000 coverage: $1.28
  • $25,000 coverage: $1.60

For more details on this plan, refer to the Dependent Life Insurance Summary Plan Description (SPD).



Evidence of Insurability

If you elect life insurance coverage that requires evidence of insurability, Unum will email your University email account with a link to your personalized evidence of insurability application. The email will come from TheUnumClientServiceCenter@unum.com and the subject line will read: “Your Recent Insurance Election – Action requested.”

For new hire enrollments and mid-year qualifying events, emails will be sent within two weeks of submitting your elections. For elections made during Annual Enrollment, emails will be sent in early December. If you do not receive your email within the timeframes listed, please contact the HR Service Center.

If you have questions about your personalized evidence of insurability application once it is received, please contact Unum customer service at 866-220-8460 from 7:00 a.m. until 5:00 p.m. CST.

Forms and guides

* In the event of a difference between this webpage and the plan document or summary plan description, the plan document and plan description prevail.

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Reviewed 2020-10-05