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Life Insurance

MSU offers basic term, supplemental, dependent and retiree life insurance plans. For more information, download the Group Benefit Plan. To file your beneficiary information, download the Life Insurance Beneficiary Designation form.
 

Life Insurance and AD&D (A)

$50,000 Basic Term Life Insurance plus $50,000 AD&D - paid completely 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.
 

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

 

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.

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.
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    1-800-585-6781
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    606-783-2011
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    207 Howell-McDowell, Morehead, KY 40351
    606-783-2019
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    201 Ginger Hall, Morehead, KY 40351
    606-783-2008
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