Optional Life and AD&D Insurance
Full-time benefits-eligible faculty and staff may purchase optional insurance in increments of your basic life insurance amount.
- Purchase one to five levels of insurance, up to a maximum of $1,500,000 coverage (basic plus optional coverage combined).
- An Evidence of Insurability form is required for optional coverage of more than $500,000 (not combined with Basic).
- Rates are based on age and base salary.
- Enroll in optional coverage within 30 days of your benefits-eligibility.
- Increase optional coverage at Open Enrollment or with a life status change.
- Imputed income taxes are required for the value of life insurance coverage in excess of $50,000.
Optional Life and AD&D Rates
| Age (as of Jan 1) | Rate per $1,000 of coverage |
| Under 30 | $0.050 |
| 30–34 | $0.060 |
| 35–39 | $0.063 |
| 40–44 | $0.072 |
| 45–49 | $0.081 |
| 50–54 | $0.127 |
| 55–59 | $0.183 |
| 60–64 | $0.295 |
| 65–69 | $0.493 |
| 70 and over | $0.984 |