Life Insurance Benefit

Basic Group Life Insurance from Standard Insurance Company helps provide financial protection by paying a benefit in the event of an eligible members covered death. Basic Accidental Death and Dismemberment (AD&D) insurance may provide an additional amount in the event of a covered death or dismemberment as a result of an accident.


Regular full-time and benefits-eligible part-time staff and faculty along with benefit eligible postdoc associates and postdoc fellows 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. You must assign a beneficiary for the life insurance in your Workday new hire/newly eligible task. If no beneficiary is elected, upon the employee's death the benefit will be made payable to the employee's estate, subject to all regular federal and state taxes.

Basic Life Insurance Coverage

2 times base salary to a maximum amount of $250,000 with a minimum coverage amount of $30,000. Amount reduces after age 70.

Basic Accidental Death & Dismemberment (AD&D) Coverage

Your basic life insurance coverage (excluding supplemental life insurance) also includes an accidental death and dismemberment insurance benefit. Coverage amount is equal to your Basic Life Benefit. For other covered losses, a percentage of the benefit will be payable.

The university pays the entire cost of Basic Life and AD&D insurance.

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

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. Postdoc fellows are not eligible for supplemental coverage.

The employee contribution is based on attained age and will change as the age changes in accordance with monthly premiums:

Age Schedule $20,000 $50,000 $100,000 $200,000
Under 30 $1.00 $2.50 $5.00 $10.00
30-34 $1.40 $3.50 $7.00 $14.00
35-39 $1.80 $4.50 $9.00 $18.00
40-44 $2.00 $5.00 $10.00 $20.00
45-49 $3.00 $7.50 $15.00 $30.00
50-54 $4.60 $11.50 $23.00 $46.00
55-59 $8.60 $21.50 $43.00 $86.00
60-64 $15.20 $38.00 $76.00 $152.00
65-69 $25.40 $63.50 $127.00 $254.00

The Basic Life  amount (maximum $250,000) and additional optional insurance coverage may not exceed a combined maximum of $450,000.

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:

Age Schedule





70 - 74





75 and over





Spouse and Dependent Supplemental Life Insurance

Employees enrolled in supplemental coverage  may also purchase additional coverage for your spouse and/or dependent children. Spouse coverage is available for $25,000 or $50,000 and rates are based on age. Child coverage is available for $10,000 or $15,000 at a flat rate. Maximum coverage age for children is 25.

Designating Beneficiaries

You may designate any beneficiary other than the university.  This designation may be one or more beneficiaries or a legal trust which may be changed at any time in Workday.

Group Life Insurance Taxation

Federal Insurance Contributions Act (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 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, are subject to federal and state taxation and will appear on an employee's W-2 form as imputed income for the calendar year.