uia board upcoming meetings
UIA Annual Meeting
Date: Friday, May 10, 2019
Time: 11:00 a.m.
Location: 780 Regent Street Rm 123, Madison, WI 53715
The University Insurance Association (UIA) Life Insurance plan offers decreasing term life insurance to eligible Faculty, Academic Staff and Limited Appointees. Coverage levels range from $3,400 – $101,000 depending on the employee’s age. This life insurance plan covers the employee only; there is no coverage available for family members.
Coverage is a condition of employment if you meet the eligibility requirements.
In addition to benefits payable in the event of death, this plan provides the following benefits:
- If you are terminally ill with a life expectancy of 12 months or less, you may receive up to the full amount of your coverage prior to your death.
- Conversion of coverage to an individual policy at the end of employment or ineligibility. Continuation of group policy coverage when terminating employment for either a WRS retirement or disability as outlined in the UIA Plan Certificate.
The University Insurance Association Life Insurance Plan (Group Policy #32872-G) is administered by the University Insurance Association Board and is underwritten by Securian Financial Group.
You must meet the following requirements to be eligible for this plan:
- Have a Faculty, Academic Staff, or Limited appointment; and
- Meet the minimum monthly salary threshold ($2,658 for the 2018-2019 plan year, effective 10/1/18); and
- Are not receiving a Wisconsin Retirement System (WRS) annuity.
These requirements must be met as of October 1st of each year to be eligible.
If you meet the eligibility criteria for a given year, enrollment is automatic and no application is required.
Coverage is effective October 1st, provided requirements are met and premium is paid.
If employment starts after October 1st, you must wait until the following year for enrollment.
Premium & Coverage Levels
The annual premium for the University Insurance Association life insurance plan is $24.00 and is deducted from October earnings.
Eligible employees on a leave of absence are billed for the annual premium of $24.00. Payment must be received by December 1st of the current year or coverage will end as of September 30th of current year with no option of conversion.
The coverage level is based on the employee’s age as of October 1st of the current year.
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You are strongly encouraged to designate a beneficiary(ies) to ensure benefits are paid according to your wishes. To designate a beneficiary(ies), complete the Beneficiary Designation Form which can be accessed in the Forms & Resources below and submit it directly to Securian.
If there is no eligible beneficiary, or you do not name one, benefits will be paid in the following order:
- Your surviving spouse or domestic partner, otherwise;
- Your surviving children equally, otherwise;
- Your surviving grandchildren equally, otherwise;
- Your surviving parents equally, otherwise;
- Your surviving siblings equally, otherwise;
- Your estate.
For more information, see the Beneficiary Information Page.
Forms & Resources
- UIA Board
- Continuation Form – Contact the UW Service Center at firstname.lastname@example.org or (888) 298-0141 (7:45-4:30 p.m. Monday-Friday) to obtain a continuation form.
last updated: 08/08/2018
Every effort has been made to ensure this information is current and correct. This page does not guarantee enrollment or the ability to make changes to your benefits.