Voluntary Term Life with Accidental Death & Dismemberment (AD&D) Insurance

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can provide money for your family if you die or are diagnosed with a terminal illness.

How does it work?

You keep coverage for a set period of time, or “term.” If you die during that term, the money can help your family pay for basic living expenses, final arrangements, tuition and more.

AD&D Insurance is also available, which can pay a benefit if you survive an accident but have certain serious injuries. It can pay an additional amount if you die from a covered accident.

Who can get Term Life coverage?

If you are actively at work at least the required hours per week, you can receive coverage.

You can choose from $10,000 to $500,000, up to five times your earnings. You can get up to $200,000 with no health questions. This is your guaranteed issue amount.

Your spouse or domestic partner can get up to $500,000 of coverage. Spouse coverage cannot exceed 100% of the coverage that you purchase for yourself. Your spouse can get up to $25,000 with no health questions, if eligible. This is their guaranteed issue amount.

Your children can get to $10,000 of coverage if eligible. One policy covers all of your children until their 19th birthday – or until their 26th birthday if they are full-time students.

Who can get Accidental Death & Dismemberment
(AD&D) coverage?

You can get up to $500,000 of AD&D coverage for yourself up to a maximum of five times your earnings. Your spouse or domestic partner can get up to $500,000 of AD&D coverage if eligible. Your children can get up to $10,000 of coverage if eligible.

Why is this coverage so valuable?

If you buy a minimum of $10,000 of coverage now, you can increase your coverage in the future up to $200,000 to meet your growing needs. You won’t have to answer any health questions or take a health exam.

What else is included?

A “Living” Benefit
If you are diagnosed with a terminal illness with less than 12 months to live, you can request 50% of your life insurance benefit (up to $750,000) while you are still living. This amount will be taken out of the death benefit and may be taxable.
Waiver of premium
Your cost may be waived if you are totally disabled for a period of time.
Portability
You may be able to keep coverage if you leave the College, retire or change the number of hours you work.
Employees or dependents who have a sickness or injury having a material effect on life expectancy at the time their group coverage ends are not eligible for portability.

Calculate your costs

The cost of coverage is based on a number of factors including the amount of desired coverage and age(s) of those for whom coverage is to be effective.

Example monthly premiums

  • $50,000 of term life for age 40 employee: $6.50
  • $50,000 of term life for age 50 spouse: $16.50
  • $10,000 of term life for children: $2.80
  • $20,000 of AD&D coverage for employee, spouse, or child: $0.60

See Human Resources for a personalized calculation of your premiums.

Exclusions and limitations apply. See Human Resources for details.