Life Insurance

Group Basic Life and Accidental Death/Dismemberment (AD&D)

Active faculty and staff receive group term life insurance in an amount equal to their annualized salary, rounded up to the next highest thousand dollars. The maximum amount of coverage is one times salary or $500,000.

The group accidental death/dismemberment plan terminates on your last day of employment and is not available after retirement.

More information on Group Basic Life and Accidental Death/Dismemberment (AD&D) Insurance is available in the Planning for Retirement Guide (PDF). View the Life section.

Additional Group Term Life Insurance

If you elected Additional Group Term Life for you or members of your family, you are eligible to apply for portability of your coverage up to, but not more than, the amount of life insurance in effect on your date of retirement. You must submit a portability form within 60 days of your retirement date to The Standard. Otherwise, your coverage will terminate on your last day of employment.

Contact: The Standard  1-855-554-2918

Universal Life

For participants in the Universal life insurance plan, coverage terminates on the last day of the month following the month in which you retire. Current participants are eligible to continue their policies following retirement. If you wish to continue your Universal policy through Transamerica, please contact Transamerica Insurance Company within 30 days of retirement to retain your right to continue coverage.

Contact: Transamerica 1‐800‐ 400‐3042