Voluntary Life Insurance

Program

The CSU offers employee-paid voluntary life insurance through the Standard Life Insurance Company to all eligible employees. Employees can purchase protection for themselves and eligible family members including spouse/domestic partner and dependent children. Employee coverage ranges from a minimum of $10,000 to a maximum of $1,500,000. Coverage for an employee's spouse or domestic partner ranges from a minimum of $10,000 to a maximum of $750,000. Coverage for your children can be purchased at $5,000, $10,000 and $20,000.  Children must be insured for the same amount.

Eligibility

Employees must be appointed half-time or more for a duration exceeding six months.  In addition, lecturers with a time base of .40 or greater who are appointed for an academic year or two quarter appointment are eligible.  Please download the Lecturer Benefit Eligibility Criteria (PDF). There is no coverage for family members under this plan.

The Standard's voluntary life insurance plan also contains a number of enhanced coverage features including:

  1. Waiver of premium for disabled employees
  2. Portability
  3. Coverage not subject to reduction because of age, and
  4. Living death benefit.

Enrollment

New employees automatically qualify for a set amount of insurance coverage called Guarantee Issue if they apply for coverage within 60 days of employment. Under the Guarantee Issue provision, employees may apply for coverage up to $100,000 for themselves, $50,000 for their spouses/domestic partners and $20,000 for each child without answering medical questions (evidence of insurability). Amounts in excess of the Guarantee Issue, up to the maximum limits, may be chosen and would require evidence of insurability.  Enrollment after the 60 days of hire will be required to complete and sign a medical history statement.

The Standard Life Insurance enrollment packets are available in the Office of Human Resources, Student Services and Administration Building, SA 2600 or you can visit their website at http://www.standard.com/mybenefits/csu/

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