3.1.1 Group Life Insurance Participation in the Group Life Insurance program is required of all full-time, regular faculty of the University. Participation in the Group Life Insurance program is required of all research faculty that are half time or greater.
Coverage is effective on the first day of employment.
The amount of the insurance is determined by taking the annual salary raised to the nearest thousand dollars above and doubling this amount. There is no maximum amount of this insurance. The insurance is term and the premium is based on annual salary. The monthly cost of the group life insurance is paid by the university. A faculty member who leaves the University may convert the term insurance to a private policy if the request is made within 31 days after termination.