Life Insurance
UNC System Group Term Life Insurance
NC State University offers eligible employees a group term life insurance plan through the UNC System, in partnership with Securian Financial, to help employees and their family members have financial security in the event of a death. The plan offers an added Accidental Dead and Dismemberment (AD&D) benefit for employee coverage, at no cost. See below for plan information, or visit the UNC System website for complete details.
Eligibility
Faculty and staff (non-temp) who work 20 hours per week (.5 FTE) or greater, on a 9 month or greater recurring contract, are eligible to enroll in the this plan. Employees pay full cost for employee coverage in addition to any dependent coverage selected.
Dependent Eligibility
- Dependent Children are eligible for coverage up to the age of 26.
- Legal Spouses and Qualified Domestic Partners are eligible for coverage.
Effective Dates of Coverage
Employees must enroll within 30 days of their hire date or within 30 days of a qualified life event. Evidence of Insurability may apply outside of the newly hired initial 30-day eligibility period.
Start of Coverage
Coverage begins the first of the month following your hire/start date or event date.
End of Coverage
Coverage will end on the last day of the month in which your employment ends. For example, if your last day of work is March 20, your coverage would end on March 31. You may be able to continue all or a portion of your insurance through portability or convert to an individual policy.
Plan Information
The UNC System Group Term Life Insurance plan provides coverage for employees, spouse/domestic partners and children. Deductions for this plan are taken on an after tax basis.
Coverage Amounts
- Employee Voluntary Life: 1-10x your base annual salary
- Spouse/Domestic Partner Voluntary Life:
- Option1: $10,000
- Option 2: Increments of $25,000
- Child Voluntary Life: $10,000
- Visit the UNC System website for complete coverage details.
AD&D Benefit
The UNC System plan provides a Voluntary Accidental Death and Dismemberment (AD&D) plan with coverage for employees, spouses or domestic partners, and dependent children. Visit the UNC System website for complete AD&D plan information.
Lifestyle Benefits
The UNC System plan offers a suite of additional tools, support, guidance and services to help make life a little easier.
- Legal, financial and grief resources
- Travel assistance including pre-trip resources and support for emergency travel assistance
- Legacy planning resources including end of life and funeral planning
- Beneficiary financial coaching includes independent, objective and free financial coaching for beneficiaries
- Visit the UNC System website for complete lifestyle benefits information.
Premiums and Enrollment
Visit the UNC System website to view current rates for life insurance premiums.
Enrollment is done through Employee Self Service, via MyPack portal. Visit HRNow for detailed enrollment instructions.
Group Term Life Insurance
Eligible employees have access to a Group Term Life Insurance plan as well as an added Accidental Dead and Dismemberment benefit.