Life Insurance (Basic & Supplemental)

UNUM will be our Life Insurance and Disability Vendor effective January 1, 2020

The Benefit Teams from each of the IUC universities have collaborated on a Benefit Aggregation initiative working with the IUC Purchasing Group.  The objective is to maximize our purchasing power with regards to vendor selection focusing on improved costing and services.  This past summer, the IUC universities kicked off this initiative with a unified bid process for Life Insurance and Disability benefits.  All 14 universities participated with 13 universities committing to the selected vendors effective January 1, 2020.  For Wright State, we are retaining UNUM as our Disability carrier and also have contracted with UNUM as our new Life Insurance provider.  Both of these benefits are available to employees that work annually 75% or more on a full-time equivalent basis.  

We have created a Summary of Changes and an easy reference Checklist for Required Actions during this open enrollment.  Also you can click on the links for the UNUM Enrollment Form and the Voluntary Premiums.

                Summary of Changes and Checklist for Required Actions
                UNUM Enrollment Form
                Voluntary Premiums - Life and STD (PDF)             

Below is a summary of the benefits with changes with the required actions noted:

Basic Life and Accidental Death and Dismemberment (AD&D) Insurance

At no cost to you, Wright State will continue to provide Basic Life and AD&D Insurance as follows:

  • Staff and fiscal faculty receive 2 times their base salary for Basic Life and AD&D insurance
  • Academic Faculty receive 2.44 times their base salary for Basic Life and AD&D insurance
  • Maximum benefit is $400,000

Required Action:

With this vendor change, all employees are required to complete a UNUM Life Insurance form to designate your beneficiaries for Basic Life and AD&D Insurance.

  • Submission deadline November 13, 2019
  • New beneficiaries effective date January 1, 2020
  • All existing beneficiary designations will be void as of December 31, 2019

Failure to submit UNUM’s life insurance form will result in any death benefit being paid to your estate.  UNUM reserves the right to make payment to the first surviving family members in the following order:  spouse, child(ren), mother and/or father, and sisters and/or brothers. 

Supplemental Term Life Insurance

Wright State will continue to offer supplemental Term Life Insurance with UNUM.  The coverage options of 1, 2 or 3 times your base salary will continue to be offered up to a maximum of $300,000 and the premiums will remain unchanged.  Coverage for current Term Life enrollees will automatically transition to UNUM.

Life Insurance coverage can be added, increased, decreased, or terminated during open enrollment.  For this year, UNUM is waiving the Evidence of Insurability (EOI) requirement for supplemental Term Life if the total coverage with the addition is below $200,000.  In future years, you will be required to submit EOI to add supplemental Term Life.

Required Action:

With this carrier change, all enrollees are required to complete an UNUM Life Insurance form to designate your beneficiaries for Term Life Insurance.

  • Submission deadline November 13, 2019
  • New beneficiaries effective date January 1, 2020
  • All existing beneficiary designations will be void as of December 31, 2019

Failure to submit UNUM’s life insurance form will result in any death benefit being paid to your estate.  UNUM does reserve the right to make payment to the first surviving family members in the following order:  spouse, child(ren), mother and/or father, and sisters and/or brothers. 

Current Group Universal Life (GUL) Insurance Participants – Plan terminated as of 12/31/2019

UNUM does not offer a GUL Life Insurance product.  Therefore, your Wright State sponsored GUL will end on December 31, 2019, however, Securian will offer you the ability to continue this coverage as an individual policy.  Current enrollees will receive a letter mailed from Securian with detailed information.

To ensure your current coverage continues, current GUL enrollees will automatically be enrolled in UNUM supplemental Term Life, without the requirement for evidence of insurability (EOI).  However, if you elect to transition all or a portion of your GUL coverage with Securian, you will also need to decide if you want to retain, reduce or decline the UNUM Term Life coverage by completing the UNUM Life insurance form.

Required Action:

With this vendor change, all GUL enrollees will need to decide:

  • If desired, work with Securian to transition your existing GUL to an individual policy
  • Retain, reduce or decline the automatic UNUM Term Life election by completing the UNUM Life Insurance form
  • Establish your beneficiary for any continued Term Life coverage

Dependent Life Insurance

Wright State will continue to offer Dependent Life Insurance for your spouse and/or eligible children.  The current offering is bundled between spouse and children.  Beginning January 1, you have the option to elect spouse and child(ren) coverage independently, or continue to elect both.  

The premiums for this coverage in total have not changed, but they have been divided among the two offerings.  Carrying coverage for your children is a lower premium than coverage for a spouse.  Thus, if you were selecting dependent insurance for your children but did not have a spouse, or the reverse, you were electing dependent insurance for your spouse but did not have eligible children; you will now see a decrease in your premiums.

And if you choose to continue covering both in 2020, the premiums will remain unchanged unless there is an age adjustment.  Premiums continue to be based on the employee’s age as of December 31.  

Required Action:

Since we have separated the offerings, you will need to re-elect your desired coverage effective January 1, 2020.  A UNUM Life Insurance form will need to be submitted by November 13, 2019.

Long-Term Disability (LTD)

Wright State University, at no cost to you, will continue to provide employees with long term disability benefits.  An employee can apply for LTD benefits after they have been deemed disabled for at least six months and has exhausted all paid leave (sick leave, vacation and if applicable, comp time).  We decided to continue with our current vendor UNUM, who has significantly reduced the premiums the university pays today.

Short-Term Disability (STD)

UNUM will also continue as our carrier for the Short-Term Disability (STD) benefit which is 100% paid by the employee.  STD benefits, once approved by UNUM,  protect employees against the loss of income and will begin after the later of either the two week elimination period or after all paid leave (sick leave, vacation and if applicable comp time) is exhausted.  Similar to LTD coverage, UNUM has significantly reduced the premiums paid by employees today.   

If Desired, Required Action

During open enrollment, you have the option to elect or terminate existing coverage. 

  • If you’re a new enrollee, you will need to complete an Enrollment form for submission to Human Resources by November 13, 2019
  • Also each new enrollee needs to complete an Evidence of Insurability form which needs to be sent directly to UNUM by December 2, 2019
  • To terminate existing coverage, email HR_Benefits. 

For current enrollees, there is no action required if you desire to continue coverage.

Summary of Actions associated with our carrier UNUM:

  1. Beneficiaries for your Basic Life Insurance and any elected Supplemental Term Life insurance must be designated.  All previous beneficiary designations will be void and the default will be your estate should a new UNUM form not be submitted.
  2. Current GUL participants will need to retain, reduce or decline the automatic UNUM Term Life insurance by completing the UNUM Life Insurance form.  In addition, you can work with Securian if you desire to transition your current GUL coverage to an individual policy.
  3. Dependent elections, spouse and/or children are now separate and must be re-elected.
  4. If desired, you can either elect (EOI required) or terminate your Short-Term Disability coverage.

If you have any questions, please email HR-Benefits@wright.edu.