The University offers a contributory group term life insurance plan to full-time clerical and maintenance employees.

Coverage provided is equal to the employee's base salary increased to the nearest thousand. An employee may elect a minimum amount of insurance of $5,000.

Enrollment is not automatic. Employees must complete an enrollment card and designate a beneficiary.

The University assumes the cost of the first $5,000 of coverage, and the employee contributes 50 cents per thousand for coverage above $5,000.

A change in beneficiary may be made at any time by the insured if he or she so desires.

This life insurance is payable in the event of death from any cause at any time or place. Payment will be made in a lump sum or in installments to the beneficiary (at the option of the beneficiary).

When employment terminates, group life insurance will cease. However, if death should occur within 31 days of termination, the benefit will be considered to be in effect.

By making application and paying the first premium to the carrier within 31 days after termination of employment, one may convert his or her Group Life Insurance to an individual life insurance policy. This individual policy may be written only as a regular Whole Life or Endowment Plan. A preliminary period of not more than one year of term insurance coverage may be available. Conversion forms may be obtained from the Payroll Department.

The Group Life Insurance Plan provides an Accelerated Death Benefit should you become terminally ill. That is, if your life expectancy is 12 months or less, you may elect to receive all or a portion of your life insurance proceeds in advance of your death.