Life Insurance

Basic & Supplemental Life & Accident Insurance

The University provides $25,000 of basic life insurance on your behalf, at no cost to you.  You may purchase at your own cost supplemental basic life insurance through the same program in increments of 1, 2, 3, 4, or 5 times your annual salary. New hires are guaranteed coverage of 3 times salary up to $1,000,000. You may also insure your eligible dependents (spouse & children) for $10,000 each. You may apply for this coverage at the time of hire or during annual Benefits Open Enrollment; subsequent acceptance after time of hire is contingent on your providing evidence of insurability.

For complete plan document info, click here.

Additional Voluntary Term Life Insurance

You may also elect to purchase supplemental life insurance offered through GSU MetLife. This is an optional 5-year term policy. If you apply within 30 days of your employment date, you are guaranteed the lesser of 3 times salary or $300,000 of life insurance protection. You may apply for coverage in $10,000 increments up to $600,000 or the lesser of 5 times salary; however, coverage beyond 3 time salary is subject to acceptance based on your Statement of Health Form. Your eligible dependents (spouse & children) may also be covered under the plan. Spouse or domestic partner is guaranteed $20,000 of coverage. Spouse or domestic partner may apply for up to $150,000 (Statement of Health required for requests above guarantee amount); children up to $10,000. Spouse/domestic partner coverage ends at age 70. If you apply for coverage during the annual Benefits Open Enrollment; acceptance is contingent upon providing evidence of insurability.

Supplemental Accident (AD&D) Insurance

Employees may purchase supplemental Accident Insurance (also known as Accidental Death & Dismemberment, or AD&D), which pays a benefit in the event of loss of life or limbs resulting from an accident. The coverage includes a hospital benefit, special education benefit, seat belt, air bag use and a permanent total disability benefit. Coverage amounts range from $10,000 to $250,000 (purchase in multiples of $10,000.) You may apply for this coverage within 30 days of hire or during annual Benefits Open Enrollment without restriction.

Cigna Life Enhancements

Life Insurance FAQ’s:

Do I have another opportunity to enroll in life insurance if I do not complete my benefits election form within the first 31 days of employment?
Yes, you can enroll in life insurance during the annual open enrollment period. However, your acceptance is contingent on your providing evidence of insurability.

Can I change the beneficiary(ies) listed on my life insurance?
You can change your beneficiary(ies) as often as you wish. Just contact the benefits office to receive the change form.

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