Life or Accidental Death/Dismemberment
All benefit eligible faculty and staff are automatically covered by the basic life and basic accidental death and dismemberment (AD&D)insurance plans. The university pays the full cost of these plans, which are insured through Cigna. You may also purchase additional coverage for yourself and coverage for your dependents.
Basic Life/AD&D Insurance
The university provides you coverage equivalent of your annual rate of pay to a maximum of $50,000 (for a total of $100,000 basic life and AD&D coverage). Life insurance protects your family from financial hardship in the event of your death. AD&D pays a benefit when death is due to an accident or when you experience a certain loss of functionality.
Optional Life Insurance
> Cigna's online insurance calculator can help you decide how much insurance you need.
Additional Coverage for You. You may purchase additional life insurance from one to four times your annual pay to a maximum of $500,000. You pay the cost of this coverage through after-tax payroll deductions. If you choose more than $200,000 of coverage (including the basic benefit), you will be required to provide evidence of good health before Cigna’s coverage will become effective. You will also have to provide evidence of good health if you do not enroll in the optional life insurance plan within 30 days of the date you become eligible for coverage, or if you later decide to increase your coverage amount.
Coverage for Your Family. In addition to buying extra life insurance coverage for yourself, you may purchase life insurance for your spouse (or LDA) and children. You may only purchase coverage for your family members if you purchase coverage for yourself under the optional life insurance plan. You will pay the full cost of your family members’ coverage through after-tax payroll deductions.
- Spouse (or LDA): You may purchase optional life insurance to a maximum benefit of $100,000. Evidence of good health will be required for amounts in excess of $20,000.
- Child(ren): You may purchase child life insurance in $5,000 increments to a maximum benefit of $10,000.
Rates are determined based on your age and the amount of insurance requested.
Additional AD&D insurance, beyond the basic amount provided by the university, is also available at your expense. You may elect between $100,000 and $500,000 of optional coverage for either yourself or you and your family. You do not need to provide evidence of insurability if you are electing or increasing optional AD&D during open enrollment.
It is important to review your beneficiary designation each year to ensure it’s current. Updates can be made at any time by completing the Cigna Beneficiary Designation Form, available at: Forms