Northern Arizona University

Individual Life
Supplemental life may be purchased in increments of one, two, or three times your annual salary (rounded to the nearest $1,000) up to a maximum of $150,000, which ever is less.  

New Hire Enrollment
New employees may elect up to the maximum amount at their initial enrollment. 

Annual Changes at Open Enrollment
During open enrollment, employees may elect coverage, increase/decrease coverage or stop coverage. The maximum annual election or increase is one step.   

Qualified Life Events
Certain qualifying life events will allow employees to elect or change their individual supplemental life insurance.  The same election or change rules apply as stated above.


Dependent Life
Life insurance coverage is available for your spouse and eligible dependent children. Coverage may be elected at two levels: 
Option I - $10,000 spouse / $5000 child, Option II - $5,000 spouse / $2,500 child

You MUST purchase Aetna supplemental life on yourself in order to purchase Aetna dependent life insurance.  If you decide to elect coverage for your dependents, you are automatically the beneficiary.  In the event of your death, benefits are paid to your designated beneficiary(ies).

Premium Rates
The premium rates for individual supplemental life insurance are paid on a before and after-tax basis.  Rates are based on age brackets and may change annually.  Please check your rate each year. 

2007-2008 Aetna Rate Chart

All dependent life premiums are paid on an after-tax basis.  The premium you pay covers all your eligible dependents, no matter how many eligible dependents you have.

Experience credits and premium surpluses