Print Logo
  • Much more than a job

    Human Resources & Payroll

  • Much more wellness
  • HR - place to work

    Human Resources & Payroll

  • Much more about students
MSU Home :: Life Insurance

Life Insurance

Group Benefit Plan Booklet  

Life Insurance and AD&D (A) - $50,000 Basic Term Life Insurance plus $50,000 AD&D - paid by the University

Supplemental Group Term Life Insurance - Available in increments of 1, 1.5, 2 or 3 times the annual salary. Beginning January 1, 2016, supplemental life insurance premiums are changing to an age-rated format. Also, this insurance is convertible to a whole life policy upon termination of employment. No underwriting approval required if participation is elected upon initial employment.

Dependent Group Term Life Insurance - Plan I is $10,000 for spouse and $5,000 for each dependent child to age 19, or to age 25 if a full time student, $3.60 per month, or, Plan II is $20,000 for spouse and $10,000 for each dependent child to age 10,or to age 25 if a full-time student, $5.50 per month.

Retiree Group Term Life Insurance - A $5,000 policy is available for all University retirees at a premium of $5.00 per month.

 

SUPPLEMENTAL GROUP TERM LIFE

AGE as of 1/1/16

RATE PER $1,000 OF COVERAGE PER MONTH

Under 25

$0.07

25 – 29

$0.08

30 – 34

$0.10

35 – 39

$0.11

40 – 44

$0.12

45 – 49

$0.17

50 – 54

$0.25

55 – 59

$0.42

60 – 64

$0.68

65 – 69

$1.29

70 – 74

$2.08

75 and older

Call HR for quote



© Copyright 2015 Morehead State University - 150 University Blvd. Morehead, KY 40351 • 1-800-585-6781
MSU is an affirmative action, equal opportunity, educational institution.