Life Insurance Plans 2019
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.
You may be required to provide evidence of insurability to Prudential Insurance Company as part of your request to enroll in this benefit or increase your coverage.
Go to eServe to make your benefit selection. Prudential will contact you directly for any required supplemental information. If Prudential approves your Open Enrollment request, the new or updated policy will go into effect on January 1 of the following year. If your coverage request is not approved before January 1, the new or updated policy will go into effect on the day Prudential approves your application. For new employees or changes related to a qualifying life event, the new or updated policy will go into effect on the pay period following approval.
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.
As a new hire if you want to apply for coverage greater than three times your annual base salary or $750,000, whichever is the lesser amount, you may apply for coverage through Prudential. Indicate the benefits you wish to apply for and Prudential will contact you directly to complete the Evidence of Insurability process. If Tufts Support Services receives 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. If you choose to increase your Supplemental Life coverage during Open Enrollment, Prudential will contact you directly to complete an Evidence of Insurability form as needed.
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 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
The amount of coverage available for a spouse or qualified domestic partner is $25,000 or $50,000. The amount of coverage for dependent children is $10,000 per child.
The coverage above is 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 during a subsequent annual Open Enrollment period, Prudential will contact you directly to complete an Evidence of Insurability form as needed. Supplemental Child Life Insurance does not require the Evidence of Insurability Form.
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: The amount of your dependent coverage for a spouse or qualified domestic partner cannot exceed the combined total of 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)
This benefit covers accidental loss of sight, life, speech, limb, and hearing. 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. 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.