Benefits

Group Life Insurance

The University of Chicago's Group Life insurance plans provide your family (or beneficiary) with a lump sum payment in the event of death. The University of Chicago has selected Sun Life as our Group Life insurance carrier effective January 1, 2016. For questions regarding your Group Life coverage(s), please contact Sun Life directly at 866-230-2278.

Basic Life Insurance

All benefits-eligible employees have a life insurance benefit under the Basic Life Insurance plan.

Key Features

  • If you are a benefits-eligible employee, you are automatically covered under basic life insurance on the date that you are hired or become benefits eligible. 
  • Eligible employees have coverage equal to one times their annual salary to a maximum benefit of $50,000.   
  • The University pays the full cost of this benefit.

Supplemental Life Insurance

All benefits-eligible employees have the opportunity to purchase additional life insurance protection for themselves. Enrollment is voluntary and you decide how much to purchase.

Key Features

  • During the first 31 days following your employment or during the first 31 days after you become benefits eligible, you may elect supplemental life insurance equal to a multiple of your annual salary (1x, 2x, 3x, 4x, 5x, 6x, 7x or 8x), up to $750,000 without Evidence of Insurability; to an overall maximum of $1,500,000 (basic and supplemental combined). 
  • After the first 31 days following your hire or benefits eligibility date, you may elect supplemental life insurance equal to a multiple of your annual salary (1x, 2x, 3x, 4x, 5x, 6x, 7x or 8x), with Evidence of Insurability; to an overall maximum of $1,500,000 (basic and supplemental combined). Coverage requiring Evidence of Insurability will not be in force until approval is received through the Evidence of Insurability process.

  • You, as the employee, pay the full cost for this coverage through after-tax payroll deductions.
  • When you reach age 65, coverage is available in a reduced percentage of your elected coverage amount.

Voluntary Spouse or Partner Life Insurance 

All benefits-eligible employees have the opportunity to purchase life insurance protection for their spouse, same-gender domestic partner (who is registered with the University), or civil union partner. Enrollment is voluntary and you decide how much to purchase.

Key features

  • You may elect coverage for your spouse/partner in $10,000 increments up to $150,000 (not to exceed 100% of your basic and supplemental life combined). 
  • During the first 31 days following your employment,or during the first 31 days after you become benefits eligible, you may elect up to $20,000 in Life Insurance coverage for your spouse/partner without Evidence of Insurability. Coverage in excess of $20,000 will require Evidence of Insurability.
  • After your first 31 days following your employment,during the first 31 days after you become benefits eligible, Evidence of Insurability is required for all coverage elections. 
  • Any coverage requiring Evidence of Insurability will not become effective until approval is received from Sun Life. You will be contacted directly by Sun Life with information regarding the Evidence of Insurability process.
  • You, as the employee, pay the full cost for this coverage through after-tax payroll deductions.
  • When your spouse or same gender domestic partner reaches age 65, coverage is available in a reduced percentage of the elected coverage amount.

Voluntary Dependent Child(ren) Life Insurance

All benefits-eligible employees have the opportunity to purchase life insurance protection for your child(ren). Enrollment is voluntary and you decide how much to purchase.

Key Features

  • You may elect coverage for your eligible dependent child(ren) (up to age 26) in $2,000 increments up to $10,000.
  • You may cover one child or multiple children in your family. You will only pay premium based on one level of coverage. So, if you choose the $2,000 level of coverage, you will only pay premium based on $2,000, yet you will have $2,000 coverage on each eligible child in your family.
  • There is no Evidence of Insurability required for children.
  • You, as the employee, pay the full cost for this coverage through after-tax payroll deductions.

Learn more about the cost of Group Life Insurance and how to enroll.