Life Insurance
UNCA HR
Author
03/30/2020
Added
679
Plays
Description
Information about life insurance benefit
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- [00:00:06.816]The University of Nebraska provides life insurance benefits
- [00:00:10.346]to help protect you and your loved ones.
- [00:00:12.787]Life insurance policies at the university are provided through Assurity.
- [00:00:17.187]The university offers an employer-provided policy at no cost to you.
- [00:00:22.357]The policy provides term life insurance coverage equal to
- [00:00:25.857]one times your annual salary up to 120-thousand dollars.
- [00:00:30.845]Beneficiary information can be added
- [00:00:33.779]at any time through Firefly.
- [00:00:36.529]Employees will be automatically enrolled for coverage
- [00:00:39.868]as of their benefits eligibility date.
- [00:00:43.007]If you want life insurance coverage beyond
- [00:00:45.577]the university-provided policy, you can enroll
- [00:00:48.187]in the voluntary life insurance program.
- [00:00:50.963]As a new employee, a statement of health is required
- [00:00:54.053]for coverage amounts over 250-thousand dollars
- [00:00:57.423]for an employee or 20-thousand for a spouse.
- [00:01:00.587]Proof of insurability requests must be completed online
- [00:01:04.587]for Assurity Life within 31 days of hire
- [00:01:07.967]or your benefits eligibility date.
- [00:01:10.132]Enrollment after the initial 31 day period
- [00:01:13.512]is limited to the annual NUFlex enrollment period
- [00:01:16.561]or when a Permitted Election Change Event Occurs,
- [00:01:20.049]such as the birth or adoption of a child
- [00:01:22.495]or a change in marital status.
- [00:01:24.898]For voluntary life insurance, premiums are based
- [00:01:28.298]on the employee’s age and tobacco or nicotine use.
- [00:01:32.418]In order to determine the premium,
- [00:01:35.067]you have to fill out the Tobacco/Nicotine
- [00:01:37.513]Designation located on the Benefits Enrollment Form.
- [00:01:40.784]If you don’t fill out the designation,
- [00:01:43.574]your voluntary life insurance coverage will be based
- [00:01:46.424]on the higher tobacco/nicotine premium.
- [00:01:49.870]And don’t forget… you must complete the Tobacco/Nicotine
- [00:01:54.050]designation annually if you enroll in the voluntary life policy.
- [00:02:00.155]For more information about life insurance options,
- [00:02:03.115]contact Assurity or your campus benefits office.
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