Basic Life & AD&D

GW provides every regular, benefits-eligible faculty and staff member with:

  • Basic term life insurance equal to your annual benefit salary*, up to $500,000.
  • Basic accidental death and dismemberment (AD&D) insurance equal to your annual benefit salary*, up to $500,000.

* Age reductions may apply

Full-time faculty and staff, as well as part-time faculty and staff working at least 14 hours per week (after a six-month waiting period), qualify for basic life insurance.

The Standard administers the Life and AD&D plans for GW. The Standard has developed a highlight sheet (PDF) for GW's group Life and AD&D plans.

Please note if you die while an active, benefits-eligible employee, a death benefit of one month’s salary is paid to your estate or beneficiary listed on your basic life coverage. (This is in addition to the basic life coverage described above.)

Life Insurance and Income Taxes

The university pays for your Basic Term Life and AD&D coverage. The cost of any basic life coverage exceeding $50,000 is considered “imputed income” by the IRS. Imputed income will be reported on your W-2 form as part of your taxable income. If you wish to avoid imputed income, you may waive coverage over $50,000 through the EasyEnroll system.

Please note if you waive coverage over $50,000 during your initial enrollment and later decide to change this election, you will need to provide Evidence of Insurability (EOI) at that time.

Beneficiary Information

Updating your beneficiary is very important. Your beneficiary is who you would like your life insurance benefit to go to in the event of your passing. You can update your beneficiary information anytime during the year through the EasyEnroll System.