Retiree Life Insurance
Group Basic Life and Accidental
Death/Dismemberment (AD&D):
Active faculty and staff receive group term life insurance in an amount equal to their annualized salary, rounded up to the next highest thousand dollars. The maximum amount of coverage is one times salary or $500,000.
The group accidental death/dismemberment plan terminates on your last day of employment and is not
available after retirement.
For more information on
Group Basic Life and Accidental Death/Dismemberment (AD&D)
Insurance Click Here and view the life section of the Planning for Retirement Booklet.
Supplemental Group Term Life Insurance:
If you elected Supplemental Group Term Life for you or members of your family, you are eligible to
apply for portability of your coverage up to, but not more than, the amount of life insurance in effect on
your date of retirement. You must submit a portability form within 31 days of your retirement date to UNUM. Otherwise, your coverage will terminate on your last day of employment. The group accidental death/dismemberment plan terminates on your last day of employment and is not
available after retirement.
Contact: UNUM 1‐800‐421‐0344
Universal Life:
For participants in the Universal life insurance plan, coverage terminates on the last day of the month
following the month in which you retire. Current participants are eligible to continue their policies
following retirement. If you wish to continue your Universal policy through Transamerica, please
contact Transamerica Insurance Company within 30 days of retirement to retain your right to continue
coverage.
Contact: Transamerica 1‐800‐ 400‐3042
Useful Resources:
Click Here to View Forms
Click Here for Vendor Contact Information
Click Here to View FAQs
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