This university-paid benefit provides life insurance coverage for all regular or benefits-eligible faculty and staff members. This coverage is for the employee only.

Participation in the university’s group term life insurance program is a condition of employment for regular university faculty and staff members who hold 50 percent time or greater appointments. Coverage is mandatory. No statement of health or physical exam is required for this program.

    Principal Life Insurance Company Plan Documents

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    Please visit our Benefit Resources page under the Plan Documents & Manuals section for the Group Life Insurance plan booklet, Life Conversion rates and forms, and more. 

    Enrollment Options

    Regular benefit-eligible employees may enroll in the following options:

    • $50,000 only (receive a $40 shared savings credit)
    • Two times (2x's) your salary (University covers this option)
    • Two and half times (2.5x's) your salary
    • Three times (3x's) your salary
    • Three and half times (3.5x's) your salary

    House Staff employees will only receive the two times (2x's) salary option. 

    Schedule of Life Insurance

    Your annual benefits salary determines the amount of life insurance coverage. If your salary is not an even thousand dollars, it is rounded to the next highest thousand dollars, multiplied by the coverage desired. The maximum amount of obtainable group life insurance is $400,000.

    House staff members are automatically covered by group life insurance at two times their annual budgeted benefits salary as a function of their employment.

    Life insurance proceeds are divided between primary beneficiaries. Contingent beneficiaries only receive proceeds if there are no living primary beneficiaries.


    The cost is $.246 per thousand dollars of coverage per month.

    The university contributes to the cost is equal to the cost of two times the rounded annual budgeted benefits salary for all benefits-eligible employees.

    Staff in the following employment groups who elect additional coverage will pay the difference between their elected coverage and the cost of two times the rounded annual budgeted benefits salary. 

    • Faculty
    • Professional and Scientific staff
    • Merit staff

    Staff in the following employment groups whose salary is over $25,000, who elect to receive only $50,000 in life insurance may receive an additional $40 per month in Shared Savings Credits.

    • Faculty
    • Professional and Scientific staff
    • Merit staff

    Taxable Life Insurance

    The Internal Revenue Service (IRS) has determined that if an employer allows employees access to life insurance more than $50,000, the amount above $50,000 has a value to the employee and is taxable.

    The information presented on our website describes only the highlights of the plans and does not constitute official plan documents. Additional terms and conditions may apply. If there are any discrepancies between the information contained herein and the official plan documents, the plan documents will govern.