Academic

Life insurance is designed to provide a financial benefit to your beneficiary in the event of your death from any cause, while dependent insurance pays you a benefit in the loss of your insured family member.

Basic Life Insurance

  • Term insurance (no cash value)
  • 1 x annual salary
  • Employer paid
  • Taxable benefit

Optional Life Insurance

  • Term insurance (no cash value)
  • Up to 6x annual salary
  • Premiums calculated by smoker/non-smoker status and age
  • Dependent Life (spouse: $5,000; dependent: $2,000)
  • Employee paid

Combined basic and optional maximum $500,000

See Life Insurance Benefits for further details.