MetLife is the university's new life insurance provider effective 4/1/12, replacing Sun Life Assurance Company of Canada.
With this change, we are pleased to offer several enhancements to life insurance benefits. If you are a retiree, please click here.
- Regular, part-time employees (40%-79% FTE) will now be eligible for term life benefits.
- Employees will receive full face value of basic life coverage until the age of seventy-five.
- Increased levels of coverage up to $300,000 for supplemental (additional) life coverage.
- Qualified adults are now eligible.
For regular status, 80% or greater FTE faculty and staff members, the university provides two times your base annual salary, adjusted to the next lower even $1000 multiple subject to a minimum of $2000 and a maximum of $200,000. There is no cost to eligible employees. The amount of Life and AD&D Insurance is based on your annual salary at the time of the injury.
Example: $15,835 annual base salary $31,000 life insurance
Current federal tax law permits employees to exclude from taxable gross income the University's cost of providing the first $50,000 of group-term life insurance coverage. However, the value of university-provided group life insurance in excess of $50,000 is treated as taxable (imputed) income. The taxable cost of this group term life insurance is computed on the basis of uniform premium rates determined by the Internal Revenue Service based on the employee's age.
Supplemental (Additional) Term Life Insurance
Supplemental term life is available in addition to your basic life insurance coverage.
New employees have 30 days from their date of hire to purchase additional term life insurance with guaranteed acceptance.
Accidental Death and Dismemberment Insurance
For regular status, 80% or greater FTE faculty and staff members, the university provides Accidental Death and Dismemberment (AD&D) insurance equal to the amount of life insurance. This insurance is payable regardless of any other insurance coverage you may have, including the Life Insurance Plan. This insurance covers any of the following losses as a result of an accident occurring on or off the job while insured.
For accidental loss of life, the full AD&D amount will be payable to the beneficiary The full AD&D amount of insurance will be paid for loss of both hands, both feet, sight of both eyes, or any combination of hand, foot or sight of one eye. One-half the AD&D amount of insurance will be paid for loss of one hand, one foot, or sight of one eye.
Employees who leave their job or reduce benefits may be eligible to keep their insurance coverage by converting their coverage with MetLIfe. If an employee is terminating employment with the university the employee may have the option to convert to an individual life policy with MetLife.
When eligible under the terms of the group life policy, an employee may convert group life coverage to an individual whole life policy without providing medical evidence of insurability if the employee submits an application plus the initial premium payment within 31 days following the date of termination (the "conversion period").
Click here to understand more about Portability and Conversion options.
Active Employees: Print your MetLife Active Employee Certificate of Coverage
Retirees: Print your MetLife Retiree Certificate of Coverage
Contact MetLife for claims information at the phone number listed below or write:
Metropolitan Life Insurance Company - Group Life Claims
PO Box 6100
Scranton, PA 18505-6100
Contact Benefits:Counselor contact form