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Life Insurance

Basic Life Insurance and Accidental Death & Dismemberment Plan (AD&D)

The University pays 75% of the total premium cost for your Basic Life and AD&D coverage. Your life insurance coverage is a multiple of your base annual pay, based on your age and rounded up to the next $1,000, up to a maximum of $500,000 for each benefit. AD&D coverage for loss of life is equal to your life insurance coverage.

Supplemental Life Insurance

You, your spouse and your dependent children may apply for coverage under this employee-paid program. You may choose to cover yourself up to 5 times your annual base salary to a maximum of $500,000. You may choose to cover your spouse up to 100% of the coverage you choose for yourself to a maximum of $250,000. Coverage for your dependent child(ren) is $10,000 per child who is at least 6 months old, regardless of how many children you may have.

Your choices will be subject to Evidence of Insurability (EOI) if the coverage for yourself is over $300,000, or coverage for your spouse is over $150,000.

The cost for your coverage (see table below) will be paid through after-tax payroll deductions.

Employee's Age

Monthly Rate/$1,000

 18-24

 $0.045

 25-29

 $0.055

 30-34

 $0.072

 35-39

 $0.085

 40-44

 $0.095

 45-49

 $0.145

 50-54

 $0.230

 55-59

 $0.420

 60-64

 $0.590

 65-69

 $1.140

 70+

 $2.050