Life Insurance

(Board Policy 430.2)

The university provides basic term life insurance at no cost to you if you are an active, regular appointed employee not in a student title who works at least 20 hours a week. You must complete an enrollment form and designate beneficiaries. The plan pays your beneficiaries a benefit equal to your annual salary, up to a maximum of $50,000. When your pay increases, your coverage is automatically adjusted. If you are age 70 or older, your benefits will be reduced. The benefits section of Human Resources can provide further information about this and other insurance benefits.

You may buy additional life insurance through the university for yourself and your dependents. You pay the full cost of this coverage, and must enroll within 31 days after your first day of work, unless you provide proof of insurability. Optional life insurance increases your coverage, and pays your beneficiaries amounts equal to one, two, three or four times your annual salary, up to a maximum of $500,000.

You may buy dependent life insurance for your spouse and eligible dependents. The policy allows you to choose $10,000, $15,000 or $20,000 coverage on your spouse. Eligible dependents are your biological children, adopted children, step children and children for whom you have legal guardianship who are under age 26.  Eligible children are covered for 50% of the spouse's coverage. 

Accidental Death and Dismemberment Insurance is available for you and your eligible dependents. If you or a covered dependent die as the result of an accident, on or off the job, the beneficiary will receive a benefit based on the amount of coverage you select. You may choose coverage for yourself in increments of $25,000 up to $300,000.  If you choose dependent coverage, your spouse's coverage is 60% of your amount, and each eligible dependent is covered for 20% of your amount. The plan may also pay partial benefits if a covered person is seriously injured or loses a limb or eyesight.