For More Information

Nadynne Stamps
Benefits Specialist
(781) 736-4467


See Frequently Asked Questions about life insurance.

Life Insurance

The university provides group term-life insurance to eligible staff and faculty. The Group Life Insurance certificate describes the insurance in detail. The provisions of the formal plan document, and not this summary, shall govern entitlement to benefits, benefit levels and all other matters pertaining to the life insurance program.


Regular full-time and benefits-eligible part-time employees are automatically enrolled in the basic group term-life insurance plan on the first day of the month that coincides with or immediately follows their first day of employment. A life insurance card should be completed and submitted to the Benefits section in the Office of Human Resources in order to record your beneficiary information. If no beneficiary is elected, then upon the employee's death the benefit will be made payable to the employee's estate and subject to all regular federal and state taxes.

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Basic Coverage


The university pays the entire cost of this portion of the plan. The maximum amount of basic noncontributory insurance is $250,000.  Schedule of coverage is as follows:

Age Schedule Amount of Coverage
Up to age 70 2x annual base salary or $30,000, whichever is higher
Age 70 to retirement 50 percent of in-force coverage (basic and supplemental)

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Supplemental Coverage

The plan also provides the option to purchase an additional amount of term-life insurance in increments of $20,000, $50,000, $100,000, and $200,000. Medical evidence of insurability is not required for any amounts under $200,000 at the time of initial eligibility.  Application for the $200,000 level of coverage, as well as other levels of coverage when applied for outside the period of initial eligibility, is subject to medical evidence of insurability.  The employee contribution is based on attained age and will change as the age changes in accordance with the following schedule of monthly premiums:

Age Schedule  $20K $50K   $100K  $200K
Under 30 $1.00 $2.50 $5.00
30 to 34 $1.40 $3.50 $7.00 $14.00
35 to 39 $1.80 $4.50 $9.00 $18.00
40 to 44 $2.00 $5.00 $10.00 $20.00
45 to 49 $3.00 $7.50 $15.00 $30.00
50 to 54 $4.60 $11.50 $23.00 $46.00
55 to 59 $8.60 $21.50 $43.00 $86.00
60 to 64 $15.20 $38.00 $76.00 $152.00
65 to 69 $25.40 $63.50 $127.00 $254.00

The basic non-contributory amount (maximum $250,000) and additional optional insurance coverage may not exceed a combined maximum of $450,000.

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Supplemental Insurance for Employees 70 and Over


When the employee reaches age 70, the in-force coverage will be reduced by 50 percent, and the rate is calculated according to the new benefit level. Monthly rates are:

Age Schedule $10K  $25K $50K  $100K
70 to 74 $21.60 $54.00 $108.00 $216.00
75 and over $27.20 $68.00 $136.00 $272.00


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Accidental Death and Dismemberment Insurance (AD&D)

Your basic life insurance coverage (excludes supplemental life insurance) also includes an accidental death and dismemberment insurance benefit. Refer to the life insurance certificate provided by the insurance company for more information. 

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Designating Beneficiaries

You may designate any beneficiary other than the university under the life-insurance coverage. This designation may be changed at any time by contacting the Benefits section of the Office of Human Resources.

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Group Life Insurance Taxation

Social Security (FICA): The Omnibus Budget Reconciliation Act of 1987 mandates that premiums paid for an employee's group life insurance coverage in excess of $50,000 are considered income to the employee and subject to Social Security (FICA) taxes. FICA taxes will be deducted on a per-pay-period basis for those staff who have life insurance in excess of $50,000 and who have not paid the maximum FICA tax for the year.


Federal and State Taxes: The premiums paid for an employee's group life insurance coverage in excess of $50,000 are considered income to the employee, are subject to federal and state taxation and will appear on an employee's W-2 Form as imputed income for the calendar year.

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