Life Insurance

Basic Life Insurance Policy: 2x salary with a coverage level of $40,000 ‐ $400,000. SUU pays 50% of premium and employee pays 50% of premium. Spouse & dependents are covered up to $10,000.

Supplemental Life Insurance: Up to $500,000 for employees, $100,000 for spouse and $10,000 per dependent.

There is a $250,000 guaranteed issue for new employees, $50,000 guaranteed issue for spouses, and a $10,000 for dependent children if enrolled as a new hire.

Amounts over guaranteed issue are required to complete EOI and to be approved through underwriting.

Increases to less than the guaranteed issue amount are allowed at open enrollment in 1 or 2 increments (10,000 and 20,000).