Life Insurance (Basic, Supplemental and Dependent)

Wright State University provides life insurance benefits to employees that work at an FTE of 75% or higher. Our life insurance vendor is UNUM and there are three offerings;

  1. Basic Life and Accidental Death and Dismemberment (AD&D) – 100% paid by Wright State
  2. Supplement Term Life Insurance – Voluntary coverage for employees to increase the amount of their life insurance coverage.
  3. Dependent Life Insurance – Voluntary coverage for spouse and/or children.

During Open Enrollment, your current life insurance coverage and elections are noted at the bottom of Step 1 within the Online Enrollment.

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

The beneficiaries you elect for this benefit must be listed on the UNUM Life Insurance form. Once received, it will remain in effect until replaced by a subsequent UNUM Life Insurance Form. If no form is ever received, any death benefit will be paid to your estate. If any issues arise, 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 provides the opportunity to for you to supplement your Basic Life insurance coverage with Term Life Insurance. You can elect coverage options of 1, 2 or 3 times your base salary up to a maximum of $300,000.

Supplemental Life Insurance coverage can be added, increased, decreased, or terminated during open enrollment:

  • To add Supplemental Term Life Insurance coverage, you will need to complete and submit the Evidence of Insurability (EOI) form and will need to complete a UNUM Life Insurance Form.
  • If you are increasing your Supplemental Term Life Insurance and the resulting total coverage exceeds $200,000, you need to complete the Evidence of Insurability (EOI) and you will need to complete an UNUM Life Insurance Form. If the increase is less than $200,000, you only need to submit the UNUM Life Insurance Form.
  • To decrease or terminate your Supplemental Term Life Insurance, you will need to submit the UNUM Life Insurance Form.

The beneficiaries you elect for this benefit must be listed on the UNUM Life Insurance form. Once received, it will remain in effect until replaced by a subsequent UNUM Life Insurance Form. If no form is ever received, any death benefit will be paid to your estate. If any issues arise, 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. 

Dependent Life Insurance

Wright State continues to offer Dependent Life Insurance for your spouse and/or eligible children. For spouse, you can elect coverage of $10,000 or $25,000. For Child(ren), you can elect coverage of $2,000 or $10,000 each. 

During Open enrollment, you can add, change or terminate this coverage by submitting the UNUM Life Insurance Form.

 

Forms

NOTE: When completing the UNUM Life Insurance Form, you must complete the entire form, continuing to select the voluntary life insurance option you want to retain in addition to any coverage or beneficiary changes that you desire. Most important, the form must be signed and dated to be valid.