Additional Group Term Life Insurance
This benefit is available to regular, non-temporary, benefits-eligible employees.
Additional Term Life Insurance, through The Standard Insurance Company, offers you the option to purchase additional term life insurance at group rates on a payroll deduction basis for yourself, your spouse and/or dependent children. You may be eligible to purchase up to $500,000 or eight times annual earnings, whichever is less, for yourself and up to $200,000 for your spouse. Coverage for dependent children is available at a minimal cost.
This insurance plan is voluntary and is offered as added coverage to the University-provided life insurance. The employee pays the premium through payroll deduction.
Medical History Submission
If you elect to increase coverage after your initial new hire enrollment window or you wish to elect more than the guaranteed amount, you will need to complete a medical history for each person. You can click here to start the medical history. You will need the group number, which is 160645.
Reduction of benefit
Under this plan, your coverage amount reduces to 65% at age 65, 50% at age 70 and 25% at age 75. You spouse's coverage amount reduces by your spouse's age as follows: 65% at age 65, 50% at age 70 and 25% at age 75.
