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/pay/benefits/life-insurance/uwhc/life-insurance-uwhc/supplemental-life-insurance/

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UWHC,

Benefits,

Pay & Benefits,Benefits,Life Insurance,UW Hospitals and Clinics,Life Insurance (UWHC)

Supplemental Life Insurance

Supplemental Life Insurance - Pay & Benefits, Benefits, Life Insurance, UW Hospitals and Clinics, Life Insurance (UWHC)

Focus

Benefits Summary

Coverage Type Initial Offering Annual Increase Option Maximum Coverage Amount
Employee $5,000, $10,000, or $20,000 $5,000, $10,000 or $20,000 $200,000
Spouse $5,000, $10,000 or $20,000 $5,000 or $10,000 $100,000
Dependents $2,500 or $5,000 $2,500 $10,000

Benefit Eligibility

Employees-in-Training and all regular full-time and part-time employees that are eligible under the Wisconsin Retirement System (WRS).

Premiums

Premiums are based on the level of insurance selected and the age of the employee. Premiums are adjusted during the annual update. Premiums for this insurance are paid entirely by the employee and are taken as an after-tax deduction.

Annual Premium Update

Premiums are reviewed each year and may change based on age. When an employee ages out of an age bracket, the premium increase will be effective January 1, of the next year. For example: Employee turns 37 on April 14, the premium will increase on January 1, of the next year. 

Beneficiary Designation

Beneficiary designations for Supplemental Life Insurance may be made or updated at anytime through Securian Financial Group, Inc.’s secure LifeBenefits Website

Enrollment

Initial Enrollment

Enrollment in the Supplemental Life Insurance plan requires the submission of the Supplemental Life Insurance Enrollment Form to Human Resources within 30 days of the date of hire. Coverage will be effective the first of the month after receipt of the application.

Late Enrollment

If your application is not received within the initial enrollment period, you may apply at any time by submitting an Evidence of Insurability Application directly to Securian Financial Group, Inc. Your application will be subject to medical underwriting and may require medical records or documentation.

Qualifying Life Event

Changes may be made to your Supplemental Life Insurance if a qualifying life event occurs. To make changes, please review Life Events (UWHC) page for information on what changes you can make due to a Qualifying Life Event, how to obtain the applications, and when the change is effective.  Completed applications must be submitted to UW Health Human Resources within 30 days of the qualifying life event.

A qualifying life event includes marriage, birth or adoption of a child, a death, divorce, termination of employment, or for dependent care only, a change in childcare providers or cost.

Cancelation

Canceling Coverage

Supplemental Life Insurance can be canceled at any time by submitting a Supplemental Term Life Insurance Application/Change Form to Human Resources, indicating that you want to cancel coverage. Coverage is canceled the first of the month following receipt of your application.

This document is a brief summary of benefits. Details of the plan(s) may be found in the official plan documents and plan descriptions. If a conflict exists between this document and the official plan document, the official plan document shall rule.

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