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 $300,000. Supplemental (voluntary) employee life insurance is also available for purchase.
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.
For any coverage amount above $350,000 you must complete the Evidence of Insurability Form. For this purpose, UNE's group name is University of New England and group number is 144362-A
Supplemental Life Insurance Plan Costs
|Employee's age as of 1/1/13||
Cost per $1,000 of coverage per month
The Standard Life Insurance Plan
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.