Upon retirement, the University continues to provide you with basic life insurance coverage at no cost to you. The benefit amount payable to your beneficiary upon your death will be $3,000. If you had purchased higher coverage amounts as an active employe, when you retire you may convert your Supplemental Life Insurance and Dependent Life Insurance benefits into individual life insurance directly through MetLife. If you are interested in this option, you must complete the conversion application and pay your first premium to MetLife within 31 days of your last day worked in order to bind the coverage.
If you would like to update your beneficiaries, please complete the MetLife Insurance Beneficiary Form and return it to the HR Service Center. We encourage you to review and update your beneficiaries at least annually to ensure that your wishes are followed upon your death.
The benefits listed above apply as indicated to retired and emeritus faculty and retired staff members of Syracuse University. All benefits programs are subject to change. If any discrepancies exist between program-related communications and the Plan Document, the terms and conditions detailed in the Plan Document will control.