UNC System Benefits Group Term Life Insurance
Employee voluntary life | 1-10x your base annual salary |
|
Spouse/Domestic Partner voluntary life |
Option 1: $10,000 Option 2: Increments of $25,000 |
|
Child voluntary life | $10,000 |
|
Guaranteed Issue
Eligible employees may elect life insurance coverage for themselves and their spouse up to the Guaranteed Issue without providing Evidence of Insurability (EOI). Guaranteed Issue refers to the amount of coverage that is guaranteed to be issued regardless of health status.
Age | Employee | Spouse |
Under 25 | $0.040 | $0.023 |
25-29 | $0.044 | $0.027 |
30-34 | $0.049 | $0.032 |
35-39 | $0.055 | $0.038 |
40-44 | $0.063 | $0.046 |
45-49 | $0.087 | $0.070 |
50-54 | $0.135 | $0.118 |
55-59 | $0.221 | $0.204 |
60-64 | $0.351 | $0.334 |
65-69 | $0.633 | $0.616 |
70-74 | $1.001 | $0.984 |
75-79 | $1.253 | $1.236 |
80+ | $1.830 | $1.813 |
Voluntary child life: One premium provides coverage for all eligible children
$10,000 | $0.50 |
Please note, rates are subject to change.
Here's how to calculate your monthly premium:
Salary multiple selected | $_______ |
X Salary (rounded to next higher $1,000) | $_______ |
= Total Coverage | $_______ |
/1,000 | $_______ |
X Your rate (based on your age) | $_______ |
= Monthly Premium | $_______ |
- Eligible employees should evaluate their life insurance needs, and compare plans to make informed decisions about coverage levels and which plan(s) may be best for their situation.
- If you would like to enroll for coverage under the UNC System Life Insurance Plan, you must make your elections during the annual open enrollment period or within 31 days of becoming eligible.
- Be sure to gather all of your documentation in preparation for enrollment such as beneficiary and dependent information (date of birth, Social Security Number). Supporting documentation may need to be submitted for dependents such as a birth certificate and marriage license.
- To enroll, you will need to log into the new benefits administration platform for UNC System benefits and make your elections within the designated enrollment
- Reference the Step-by-Step Enrollment Guide for more details.
- Make sure to finish your enrollment. Elections are not recorded in the system until you save, accept and then get confirmation.
- All benefit-eligible employees will be automatically enrolled in a maximum limit of $10,000 Core AD&D insurance at no cost to the employee. The UNC System pays the full cost of this coverage. (Please note that the amount of your coverage will be reduced after you reach age 75.
- You must make a beneficiary designation in the UNC System Benefits (Empyrean) platform.
Securian Resources
Need guidance on how much life insurance you may need? Use Securian Financial's online benefits-decision tool, Benefit Scout®. By answering a few simple questions about your family and finances, you can determine the coverage that meets your needs. lifebenefits.com/UNCS
UNC System Resources
- UNC System Life Insurance Summary Including Rates Effective Jan. 1, 2023
- How To Update Beneficiaries Online
- UNC System Employee Step-by-Step Enrollment Guide for COMPASS
- Estate and Will Preparation Flyer
- Lifestyle Benefits Flyer
- LIFE- Travel Assistance
- VRL- Voluntary Retiree Life
- Conversion vs. Portability
Plan and Legal Documents
Retiree Information
Accidental Death and Dismemberment (AD&D) Insurance
Beginning in January 2023, the UNC System has partnered with Securian Financial to provide a Voluntary Accidental Death and Dismemberment (AD&D) plan with coverage for employees, spouses or domestic partners, and dependent children.
If you are a benefit-eligible employee, you will be automatically enrolled in $10,000 of UNC Core AD&D coverage at no cost to you. In other words, you no longer need to enroll to receive this free coverage. But you do have one important step to take: you will need to log in to the UNC (Empyrean) platform to designate your beneficiary(ies).