Participation in the life insurance program is automatic for Term, Probationary or Tenure Faculty. Employees become eligible for life insurance on the date they begin active work with the University. UNI pays the entire cost for this program. Life coverage is 1.5 times your university budgeted salary (rounded to the nearest $1,000) to a maximum of $250,000 for faculty under 65 years of age. Benefit reduces in 5% increments beginning at age 61.
A beneficiary should be named at the time of insurance enrollment as benefits will be paid to the beneficiary upon enrollee's death. If your beneficiary does not survive you, benefits will be paid to your estate, spouse, child(ren), parent(s), or other persons in the Group Policy.