UW Employee, Inc. board upcoming meetings
UW Employees, Inc. Annual Meeting
Date: Monday, December 11, 2023
Time: 4:30 p.m.
Location: To be determined
The UW Employees, Inc. Board has decided to terminate the UW Employees, Inc. Life Insurance Plan effective January 1, 2025. Employees enrolled in the plan as of December 31, 2023 will be provided coverage through December 31, 2024. Group coverage in the UW Employees, Inc. Life Insurance plan will end January 1, 2025.
The UW Employees, Inc. Life Insurance plan offers decreasing term life insurance to eligible employees. Coverage levels range from $7,000 – $33,000 depending on the your age. This life insurance plan covers you as the employee; there is no coverage available for family members.
In addition to benefits payable in the event of death, this plan provides the following:
- If you become terminally ill with a life expectancy of 12 months or less, you may receive up to the full amount of your coverage level prior to death.
The UW Employees, Inc. Life Insurance Plan (Group Policy #33977-G) is administered by University of Wisconsin Employees, Inc., an employee-directed nonprofit corporation. The plan is underwritten by Securian Financial Group.
The following requirements must be met to be eligible for this plan:
- Eligible for State Group Health Insurance as an active employee; and
- Not receiving a Wisconsin Retirement System (WRS) annuity; and
- Newly eligible for benefits prior to November 1, 2023
There is no coverage available for family members.
Employees newly eligible for benefits November 1, 2023 or later are no longer eligible to enroll in the UW Employees, Inc. Life Insurance Plan.
If you do not enroll during your initial 30-day enrollment period, you may apply for coverage through Evidence of Insurability (approval not guaranteed). Approval must be made on or before November 30, 2023. The Evidence of Insurability form can be accessed in the Forms & Resources section below. Coverage through evidence of insurability enrollment is effective on the first of the month on or following approval of the application by the plan’s underwriter.
Note: You may cancel coverage at any time before December 31, 2024.
The level of UW Employees, Inc. Life Insurance coverage you are eligible to elect is determined by your age as of January 1st of the current year. Your level of coverage will decrease the January 1 coincident with or following your change in age group.
|Age as of January 1||Benefit Amount|
|35 – 39||$28,000|
|40 – 44||$25,000|
|45 – 49||$18,000|
|50 – 54||$15,000|
|55 – 59||$13,000|
|60 – 64||$12,000|
|65 and over||$7,000|
Conversion of coverage to an individual policy at the end of employment is available. To convert coverage submit a conversion form and the required premium within 31 days after your group coverage ends.
Contact UW-Shared Services, Service Operations at email@example.com or (888) 298-0141 (7:45-4:30 p.m. Monday-Friday) to obtain a conversion form.
You are encouraged to designate a beneficiary(ies) to ensure benefits are paid according to your wishes. Whenever a life event, such as a marriage, divorce, or birth of a child, occurs, review and updated your beneficiary designations. Beneficiary designations can be changed at any time.
For more information on beneficiary designations, see the Beneficiary Information web page.
For UW Employees, Inc. Life Insurance premiums review the Benefit Premiums web page.
UW Employees, Inc. Board
UW Employees, Inc. provides supplemental life insurance for eligible UW System and UW Hospital and Clinics employees. The plan is administered by the UW Employees, Inc. Board. The UW Employees, Inc. Board consists of elected individuals who are presently employed, affiliated with, or retired from the UW System or UW Hospital and Clinics.
The UW Employees, Inc. mission is to provide supplemental insurance at a cost that is reasonable for members. To keep premiums as low as possible, monthly premiums are subsidized by the plan.
Forms & Resources
- Conversion Form – Contact UW-Shared Services, Service Operations at firstname.lastname@example.org or (888) 298-0141 (7:45-4:30 p.m. Monday-Friday) to obtain a conversion form.
- Terms and Conditions
Every effort has been made to ensure this information is current and correct. Information on this page does not guarantee enrollment, benefits and/or the ability to make changes to your benefits.