Life Insurance

 MetLife Group Life Insurance administers the University of Louisville's life insurance benefit.  Life insurance helps protect your family's standard of living, avoids leaving debt behind and provides security for years to come.  If eligible (see eligibility requirements below), you are automatically enrolled in Basic Life and Accidental Death and Dismemberment Insurance at no cost to you.  For an additional cost, employees may purchase Supplemental Life and Dependent Life Insurance. View 2019 Life Insurance Rates.

MetLife Group Life Insurance Contact Information

Mailing:
Metropolitan Life Insurance Company - Group Life Claims
PO Box 6100
Scranton, PA 18505-6100

Phone: 1-800-638-6420

Eligibility Requirements

Active employee must be full-time (regular status, 80% or greater) or  part-time (regular status, 40%-79%).  If you elect dependent and/or spouse/qualifying adult coverage, you will be required to complete a Statement of Health.

Supplemental Life Insurance

The Supplemental Life portion of the plan provides additional protection for those who count on you financially.  The need for level of coverage may vary depending on your financial situation, age, dependents, and your dependents age. Benefit options are available in various increments with the minimum benefit amount as $20,000 and the maximum benefit amount as $300,000.

If you are currently enrolled in Supplemental Life, you may increase your coverage by one level without Statement of Health. Any additional level of coverage will require a Statement of Health.

If you are not currently enrolled in Supplemental Life, you may elect additional coverage during open enrollment. Regardless of level of coverage, a Statement of Health will be required.  If you elect dependent and/or Spouse/Qualifying Adult coverage during Open Enrollment, you will be required to complete a Statement of Health. If you elect Supplemental Life requiring a Statement of Health, MetLife will mail a Statement of Health Enrollment Form to you after the close of open enrollment.  If your coverage election requires a Statement of Health, coverage will not be effective until MetLife has approved.

Dependent Spouse / Qualifying Adult Life Insurance

If you are currently enrolled or newly enrolling in Supplemental Life, you may add a Spouse/Qualifying Adult for additional life insurance.  Benefit options are available in level increments of $5,000 with the minimum benefit amount as $10,000 and the maximum benefit amount as the lesser of 50% of the employee Supplemental Life Benefit or a $25,000 maximum benefit.  Regardless of level of coverage, a Statement of Health will be required by MetLife Group Life Insurance. No person may be insured as a Dependent of more than one employee.

Dependent Child Life Insurance

If you are currently enrolled or newly enrolling in Supplemental Life, you may enroll a Dependent Child(ren) for additional life insurance.  Dependent children coverage is $500 for children 14 days to 1 year old.  Coverage for 1 year old to 18 (or 26 if a full-time student) is $10,000. Regardless of level of coverage, a Statement of Health will be required by MetLife Group Life Insurance.   No person may be insured as a Dependent of more than one employee.

Accelerated Benefit Option (ABO)

If you become terminally ill due to an injury or sickness, you or your legal representative have the option to request an ABO.  For Basic Life Insurance, the ABO disbursement is up to 80% of the Basic Life amount not to exceed $160,000.  For Supplemental Life Insurance, the ABO disbursement is up to 80% of the Supplemental Life amount not to exceed $240,000.

Conversion and Portability Option

If your life insurance ends or is reduced for any of the reasons stated below, you have the option to buy an individual policy of life insurance ("new policy").  You must submit a completed conversion application form within 31 days after life insurance ends or is reduced.  You will not have an option to convert policy at a later date.

Option to convert when your life insurance ends because:

  • cease to be in an eligible status;
  • end of employment;
  • end of Group Policy and a policy holder for at least 5 continuous years.

Option to convert when your life insurance is reduced:

  • on or after the date you attain age 60;
  • change from one eligible class to another; or
  • due to an amendment of the Group Policy.

Portability and Conversion options

Additional Estate Planning Resources

Estate Resolution Services

If you are insured for Supplemental Life Insurance coverage, the following Estate Resolution Services are provided at no additional cost.

Will Preparation Services

If you are insured for Supplemental Life Insurance a Will Preparation Service is available to you, through a MetLife affiliate at no cost to you.  It enables you to have a will prepared  for you and your spouse/Qualifying Adult by attorneys designated by the Affiliate.   If you have a will prepared by an attorney not designated by the Affiliate, you must pay attorney's services directly.  Upon proof of payment, you will be reimbursed in an amount equal to the lesser of the amount customarily reimbursed for such services by the Affiliate.

Will Preparation Service

Willscenter.com

Probate Services

If you are insured for Supplemental Life Insurance and die while coverage is in effect, a probate benefit will be available to your estate, through a MetLife affiliate.  Certain probate services are available, fee of no charge by attorneys designated by the Affiliate.  If probate services are provided by an attorney not designated by the Affiliate, your estate must pay attorney services directly.  Upon proof of payment, your estate will be reimbursed in an amount equal to the lesser of the amount customarily reimbursed for such services by the Affiliate.

Other

Grief Counseling

Funeral Planning

 

Additional Resources

Taxable Income

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.

Travel Assistance

MetLife selected AXA Assistance USA, Inc. to be the administrator for Travel Assistance services.  This service helps intervene in medical emergencies in foreign countries. In addition, AXA administers assistance services when a covered employee or dependent becomes ill or injured while traveling 100 miles or more away from home. Travel Assistance Services

Plan Documents

MetLife Active Employee Certificate of Coverage

MetLife Retiree Certificate of Coverage