PART TWO: EMPLOYEE BENEFITS LIFE INSURANCES Basic Life Insurance All full-time regular employees, including those with Benefits Regular status, are automatically provided term life insurance at no cost to themselves. Part-time employees who qualify as regular employees and work at least half-time also qualify for this insurance. This program excludes those who hold Federal appointments and participate in the Federal life plan. Coverage is equal to the annual salary rounded to the next higher employee’s $1,000. The University pays the full cost of the premium. At the end of the fiscal or academic year in which the employee turns 65, this insurance is reduced to 65% of the former level of coverage. Accidental Death and Dismemberment In the event of accidental death, an beneficiary will receive an amount equal to one times the employee’s annual salary rounded to the nearest $1,000. In the case of dismemberment, a scheduled amount is employee’s payable. Voluntary Accidental Death and Dismemberment Insurance (AD&D) In addition employees can purchase additional optional AD&D coverage. Optional AD&D coverage may be purchased in increments of $10,000 to a maximum of $350,000, not to exceed 10 times the salary. employee’s The cost of this insurance is paid by the employee. Please refer to the Summary of Benefits at on the Human Resources/Benefits Page or contact the University Human Resources Office for more detailed information on this insurance. Seat Belt Provision All employees who are eligible for the University's basic life and basic accidental death and dismemberment plan are covered by an additional life insurance policy up to $50,000 if they die as a result of injuries sustained in a motor vehicle accident and were wearing a seatbelt at the time of the accident. This policy is in effect 24 hours a day and applies to covered employees when they are driving or riding, either on University or personal business. There is additional coverage (up to $10,000) for employees enrolled in voluntary accidental death and dismemberment insurance (AD&D). The Seatbelt Provision is NOT applicable in the event of: suicide, death while committing or attempting to commit an assault or felony, or death while voluntarily using a controlled substance (unless prescribed by a physician).
PART TWO: EMPLOYEE BENEFITS Basic Life Insurance LIFE INSURANCES All full-time regular employees, including those with Benefits Regular status, are automatically provided term life insurance at no cost to themselves. Part-time employees who qualify as regular employees and work at least half-time also qualify for this insurance. This program excludes those who hold Federal appointments and participate in the Federal life plan. Coverage is equal to the employee’s annual salary rounded to the next higher $1,000. The University pays the full cost of the premium. At the end of the fiscal or academic year in which the employee turns 65, this insurance is reduced to 65% of the former level of coverage. Accidental Death and Dismemberment In the event of accidental death, an employee’s beneficiary will receive an amount equal to one times the employee’s annual salary rounded to the nearest $1,000. In the case of dismemberment, a scheduled amount is payable. Voluntary Accidental Death and Dismemberment Insurance (AD&D) In addition employees can purchase additional optional AD&D coverage. Optional AD&D coverage may be purchased in increments of $10,000 to a maximum of $350,000, not to exceed 10 times the employee’s salary. The cost of this insurance is paid by the employee. Please refer to the Summary of Benefits at on the Human Resources/Benefits Page or contact the University Human Resources Office for more detailed information on this insurance. Seat Belt Provision All employees who are eligible for the University's basic life and basic accidental death and dismemberment plan are covered by an additional life insurance policy up to $50,000 if they die as a result of injuries sustained in a motor vehicle accident and were wearing a seatbelt at the time of the accident. This policy is in effect 24 hours a day and applies to covered employees when they are driving or riding, either on University or personal business. There is additional coverage (up to $10,000) for employees enrolled in voluntary accidental death and dismemberment insurance (AD&D). The Seatbelt Provision is NOT applicable in the event of: suicide, death while committing or attempting to commit an assault or felony, or death while voluntarily using a controlled substance (unless prescribed by a physician).