Life Insurance

BASIC Life Insurance

Benefit eligible employees are automatically enrolled in $15,000 of BASIC Life insurance provided and paid for by the University.  Coverage is provided by the Hartford Insurance Company. Included in this policy are the following benefits: 

• An additional $15,000 AD&D (Accidental Death and Dismemberment) benefit, all or a portion of which is payable in the event of a covered employee's accidental death or loss of limb;  
• An additional $15,000 Seat Belt Benefit payable if a covered employee dies in an auto accident and is wearing a seat belt;
• An additional $5,000 Air Bag Benefit payable in an accident for which a Seat Belt Benefit is payable, and the automobile is equipped with an air bag system that deployed (as evidenced by a police accident report), and the covered employee was seated in the driver’s or passenger’s seat intended to be protected by the air bag system

SUPPLEMENTAL Life Insurance

Employees may supplement their BASIC Life policy with additional individual life insurance and/or dependent life insurance. 

Individual supplemental life insurance can be purchased through either  Hartford Insurance Company or Aetna Life Insurance and covers the employee.  Claims are paid to the employee's designated beneficiary(ies).

Dependent life insurance can be purchased though either Hartford Insurance Company or Aetna Life Insurance and covers the legal dependents of the employee. Claims are paid to the employee. A dependent child qualifies up to age 25 who meets the criteria for a "tax dependent," meaning that the child is at least 50% financially dependent upon the employee and who the employee can claim on his/her tax returns.

Supplemental Life Insurance Premium Rates

For contact information Hartford Insurance Company or Aetna Life Insurance

Note: Employees interested in purchasing Aetna dependent life MUST first purchase Aetna individual supplemental life.

Life Insurance Options at Termination or Retirement

When you terminate employment, lose insurance eligibility, or retire, you have options available that allow you to keep your current group term life insurance.  During the 31 days immediately following the termination of your life insurance coverage, you may continue your current coverage (known as porting) or you may convert it to whole life insurance (term life insurance provides a death benefit only, whole life provides cash value).  Both The Hartford and Aetna Life Insurance offer portability and conversion options.  However, there are some restrictions so please refer to the following materials for more specific information. 

Portability Application [pdf]
Portability Plan Outline [pdf]
Conversion Application [pdf]