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The university contributes towards the cost of the university’s group term life insurance program for regular benefit-eligible employees holding a 50% time or greater appointment. Coverage is required. No health statement or physical examination is required for this program.
Description of the Group Term Life Insurance plan.
The Internal Revenue Service (IRS) has determined that if an employer allows employees access to life insurance over $50,000, the amount above $50,000 has a value to the employee and is taxable.
Enrollment Instructions
Faculty, Professional & Scientific (P&S), Merit, and SEIU Staff
This plan allows you to select from four levels of life insurance coverage. This coverage is for yourself only. The university provides you with two times your salary in coverage. If you select additional coverage, an additional charge will apply.
Enrollment in the university’s group term life insurance program is mandatory.
- Select the option code from the drop-down that corresponds to your coverage choice. The Option Code is the number in the parentheses located to the right of the price.
- Make any necessary changes to the list of beneficiaries and identify any new beneficiaries.
- Choose the recalculate function/button to refresh your current list of eligible dependents and beneficiaries if needed.
- Fill in either the percent of coverage or the flat amount for primary and contingent beneficiaries. Beneficiaries are considered to be primary unless specified as contingent (CON). The total of all primary percentages must equal 100%, and the total of all contingent beneficiaries must equal 100%.
House Staff Residents/Fellows
This coverage is for yourself only. The university provides you with two times your salary in coverage. You may select additional coverage through the Voluntary Term Life (VTL) program, which will incur an extra charge.
Enrollment in the university's group term life insurance program is mandatory.
- The Option Code has already been entered for you. House staff and fellows are automatically enrolled in two times salary.
If you want more than two times your salary, please visit the Voluntary Term Life Insurance enrollment section. - Make any necessary changes to the list of beneficiaries and identify any new beneficiaries.
- Choose the recalculate function/button to refresh your current list of eligible dependents and beneficiaries if needed.
- Fill in either the percent of coverage or the flat amount for primary and contingent beneficiaries. Beneficiaries are considered to be primary unless specified as contingent (CON). The total of all primary percentages must equal 100%, and the total of all contingent beneficiaries must equal 100%.