Premiums are based on your age. Refer to the rate sheet below for cost information. Benefits are payable as long as the loss occurs within 90 days of the accident. Supplemental coverage pays two or three times your pay, depending on the level of coverage you purchased. These benefits are in addition to the life insurance benefit.
Coverage is optional at the time of employment.
An employee may enroll at the Open Enrollment in November of each year with proof of insurability. By choosing to participate in this program, an employee can elect to have the University purchase life insurance plans with money that would have been paid to the employee in gross salary. Payment of taxes on these premiums may thus be avoided. Unemployment compensation protects, in part, the lost earnings of an employee who is out of work. The University pays the entire premium for this coverage.