Benefits > Optional Life Insurance

Optional life insurance is available for employees who are regular 80% time or more. Two types of life insurance are available, term life insurance and universal life insurance. The life insurance is provided by UNUM Provident, Chattanooga, Tennessee.

Employees may enroll during the initial 30-day enrollment period when they are first employed with a guaranteed issuance. After the initial enrollment, employees may apply for coverage during the annual enrollment period from October 15 through November 15. A health questionnaire will be required and application can be denied.

Term life insurance offers a pure death benefit providing month-to-month protection as long as the employee pays the premium. Premiums are lower and increase with age. Coverage is available for the employee, spouse and children.

Universal life insurance offers a death benefit, cash accumulation and policy loans. Level premiums are set that will not increase with age. Coverage is available for the employee, spouse, and children (child coverage is a term rider).

For additional information, please contact the HRS office at extension 2929.