Life Insurance

UNE extends a Basic Life Insurance policy to all full-time employees. This policy, equivalent to 1 time your earnings, has a $20,000 minimum benefit and a maximum benefit of $350,000 without providing evidence of insurability. Supplemental (voluntary) employee life insurance is also available for purchase.

Eligibility

Basic Coverage Eligibility

  • Full-time Employee.
  • Participation in Life Insurance benefits may begin the first of the month after your hire or qualifying event. If your hire or event occurs on the first of the month, then benefits begin on the date of hire or qualifying event.

Supplemental Coverage Eligibility

  • Full-time Employees: You may elect 1, 2, 3, or 4 times your annual salary in additional life insurance. UNE also provides a $2.50 monthly credit to use to purchase additional life insurance, pay toward other benefits, or take in cash.
  • Half-time Employees: You may elect 1, 2, 3, or 4 times your annual salary in additional life insurance.
  • Maximum allowable coverage: The maximum total life insurance you may purchase is four times your salary, up to $500,000. You may purchase $350,000 of this coverage with no proof of insurability. Amounts in excess of $350,000 will require that you answer questions about your health history.
  • Participation in life insurance benefits begins the first of the month after your hire or qualifying event. If your hire or event occurs on the first of the month, then benefits begin on the date of hire or qualifying event.


Supplemental Life Insurance Plan Costs

Employee's age as of 1/1/13

Cost per $1,000 of coverage per month

Under 30

$0.048
30-39 $0.056
40-44 $0.096
45-49 $0.160
50-54 $0.280
55-59 $0.440
60-64 $0.656
65-69 $1.008
70+ $2.536

Contact

The Standard Life Insurance Plan

Customer Service

(888) 937-4783

Life Benefits/Conversions

(800) 628-8600

VISIT SITE


Accidental Death & Dismemberment Insurance

UNE provides all regular full-time employees with Accidental Death & Dismemberment Insurance coverage of 1 time your annual base salary at no cost. This coverage pays benefits if you die, lose a limb, or lose sensory function as the result of an accident.