UW Employees, Inc. Life Insurance plan offers decreasing term life insurance to eligible University employees. Coverage ranges from $4,000 – $30,000 depending on employee’s age. There is no coverage available for family members.
In addition to benefits payable in event of your 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.
- of coverage to an individual policy at the end of employment.
- Legacy Planning Services offers access to resources to help you and your family work through end-of-life issues.
Popular Forms & Publications
You must meet the following requirements to be eligible for this plan:
- Eligible for State Group Health Insurance; and
- Are not receiving a Wisconsin Retirement System (WRS) annuity.
Dependents are not eligible for coverage under this plan.
- You may enroll within 30 days of your eligibility date (usually your hire date) through eBenefits or paper .
- Coverage is effective on the first of the month following 30 days from your eligibility date.
- If you were initially eligible for coverage when you were not covered by the WRS, you have another opportunity to enroll within 30 days of your WRS coverage begin date.
- If you do not enroll when first eligible, you may apply for coverage at any time using the (acceptance not guaranteed). Coverage is effective on the first of the month on or following the approval of your application by the plan’s underwriter.
Note: You may cancel coverage at any time during the year.
You are strongly encouraged to submit a LifeBenefits portal. You can also mail or fax a paper designation directly to Securian.to ensure benefits are paid according to your wishes. Once you enroll in coverage, Securian will send you login information so you can name your beneficiary(ies) online through their secure
In the event there is no eligible beneficiary on record, or you do not submit a designation either electronically or on paper, 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.
Forms & Publications
- Beneficiary Designation – Complete and submit to Securian to name who you would like to receive benefits payable upon your death.
- Online Beneficiary Designation (will receive login information from Securian after your application is processed)
The UW Employees, Inc. Life Insurance Plan (group policy #33977-G) is administered by University of Wisconsin Employees Inc., an employee-directed nonprofit corporation. This plan is underwritten by Securian Financial Group.