Tufts University contracts with Prudential Insurance Company of America to provide Life Insurance and Accidental Death and Dismemberment Insurance (AD&D) to benefits-eligible employees.
Basic Life Insurance
Tufts University pays for Basic Life Insurance for all benefits-eligible employees. The amount of coverage is equal to one times your basic annual earnings, rounded to the next highest $1,000, with a maximum of $1,000,000.
Supplemental Life Insurance
The Supplemental Life Insurance program offers you the opportunity to buy additional life insurance coverage of up to five times your annual base salary up to a maximum benefit of $2,000,000. Coverage up to three times your annual base salary to a maximum benefit of $750,000 is "guarantee issue" for new hires, which means that you can enroll in this benefit without providing health information to Prudential.
You will need to submit a Short Form Health Statement to apply for coverage that is greater than three times your annual base salary or $750,000, whichever is the lesser amount. Once Tufts Support Services has received approval from Prudential, we will start your payroll deductions retroactive to your hire date.
If you do not enroll during your initial enrollment period or want to increase your coverage, you may apply for coverage during any subsequent annual open enrollment period. You will need to submit a Short Form Health Statement directly to Prudential. Once Tufts Support Services has received approval from Prudential, we will start your payroll deductions.
The premium for this plan is based on your age at the end of each pay period. As a result, your deduction amount may change after your next birthday.
Dependent Life Insurance
In addition to coverage for yourself, you can also enroll in Supplemental Life Insurance for your eligible family members, including:
- Your legal spouse or qualified domestic partner
- Unmarried dependent children who are at least 15 days old, but under age 26
- Unmarried dependent children who are mentally or physically disabled, or who cannot support themselves due to a handicap
These coverages are guarantee issue to you as a new hire, which means you do not have to complete an evidence of insurability form and apply for coverage, you can just enroll.
If you choose coverage for your spouse or qualified domestic partner, you will need to apply using a Prudential Short Form Health Statement during a subsequent annual open enrollment period. Supplemental Child Life Insurance does not require the Short Form Health Statement.
In the event you receive a claim payout, the payout you receive would not be taxable since these coverages are paid with after-tax payroll deductions.
Please note that the amount of your dependent coverage for a spouse or qualified domestic partner cannot exceed your Basic and Supplemental Life coverage as an employee. For example, if your base annual salary is $40,000 and you only have basic life insurance (which is one times your salary), you cannot enroll in the $50,000 benefit for your spouse, unless you also enroll in one times your salary for supplemental life. Your total coverage (basic plus supplemental) must be equal to or greater than your spousal coverage.
Accidental Death and Dismemberment Insurance (AD&D)
The AD&D program offers you the opportunity to choose coverage levels from one to five times your basic annual earnings, rounded to the next $1,000. This benefit covers accidental loss of sight, life, speech, limb, and hearing. The maximum allowed benefit is $1,000,000.
AD&D coverage is guarantee issue, which means that you can enroll in this benefit as a new hire or during any annual subsequent open enrollment period without providing health information to Prudential.
Tufts' Life Insurance Benefits Rates Chart includes up-to-date information on the cost of Supplemental Life Insurance, Dependent Life Insurance, and AD& D Insurance.