For 2018, Life Insurance will be provided by Unum.
Faculty and staff will be covered for $50,000 in University-paid life insurance. For members of the Teamsters’ Local 8 bargaining unit the 2018-2020 contract increases the University-paid life insurance benefit to $20,000, the new benefit of $20,000 will govern their negotiated University-paid life insurance benefit.
If you are already enrolled in the voluntary age-graded life insurance plan, you have the ability to increase your coverage amount by ONE time your salary during Benefits Open Enrollment, up to a maximum of $1.5 million or 8 times salary, whichever is less.
Premiums
Age Range | BiWeekly | Monthly |
---|---|---|
Contributions (per $1,000 of coverage) | ||
Less than 25 | $.0083 | $.018 |
25-29 | $.0102 | $.022 |
30-34 | $.0134 | $.029 |
35-39 | $.0152 | $.033 |
40-44 | $.0185 | $.040 |
45-49 | $.0268 | $.058 |
50-54 | $.0438 | $.095 |
55-59 | $.0725 | $.157 |
60-64 | $.1108 | $.240 |
65-69 | $.2137 | $.463 |
70 and above | $.3462 | $.750 |
Age Range | BiWeekly | Monthly |
---|---|---|
Contributions (per $1,000 of coverage) | ||
Less than 25 | $.009 | $.02 |
25-29 | $.011 | $.024 |
30-34 | $.015 | $.032 |
35-39 | $.0165 | $.036 |
40-44 | $.0205 | $.044 |
45-49 | $.0295 | $.064 |
50-54 | $.048 | $.104 |
55-59 | $.0795 | $.172 |
60-64 | $.122 | $.264 |
65-69 | $.2345 | $.508 |
70 and above | $.3805 | $.824 |