Syracuse University offers part-time faculty members eligible for the modified benefits plan several life insurance options to protect you and your family members. The University provides basic coverage at no cost and you may purchase additional voluntary coverage. You may designate and update beneficiaries at any time.
When referring to the life insurance options below, all are considered group term life insurance insured by MetLife. Upon separation, you may convert basic, supplemental and dependent life policies to individual whole life insurance within 31 days of your last day of employment.
Basic Life Insurance
The University provides basic life insurance of $10,000 at no cost to you. At age 65, the coverage reduces to $6,500.
Supplemental Life Insurance
You can purchase additional term life insurance in increments of $10,000, $20,000, $40,000, $60,000, $80,000 or $100,000. Amounts over $20,000 must be approved by MetLife. Complete the Statement of Health [PDF] form and send it directly to MetLife for review. Your coverage will become effective when Human Resources is notified of MetLife’s approval.
Supplemental life insurance premiums are paid through after-tax payroll deduction. Rates for supplemental life insurance are based on your age, and your cost will be automatically adjusted to reflect changes as needed.
| Employee Age | Rates Monthly Cost per Thousand |
|---|---|
| Under age 25 | $0.027 |
| 25 through 29 | $0.032 |
| 30 through 34 | $0.043 |
| 35 through 39 | $0.049 |
| 40 through 44 | $0.065 |
| 45 through 49 | $0.093 |
| 50 through 54 | $0.147 |
| 55 through 59 | $0.260 |
| 60 through 64 | $0.396 |
| 65 through 69 | $0.689 |
| Age 70 and up | $1.225 |
Will Preparation and Estate Resolution Services
MetLife offers supplemental life enrollees free will preparation/updating services and estate resolution services through MetLife Legal Plans. For details, call MetLife Legal Plans at 800.821.6400. The Syracuse University group number is 104161. For more information, review the following:
Dependent Life Insurance
Life Insurance for your Spouse/Same-Sex Partner
You may purchase life insurance for your spouse or same-sex domestic partner in an amount not to exceed your own combined basic and supplemental coverage. A Statement of Health [PDF] form will be required if coverage exceeds $20,000. Premiums are paid through after-tax payroll deduction. Rates are based on their age and will be automatically adjusted to reflect changes as needed.
| Spouse/Partner Age | Rates Monthly Cost per Thousand |
|---|---|
| Under age 25 | $0.043 |
| 25 through 29 | $0.051 |
| 30 through 34 | $0.068 |
| 35 through 39 | $0.077 |
| 40 through 44 | $0.10 |
| 45 through 49 | $0.13 |
| 50 through 54 | $0.196 |
| 55 through 59 | $0.366 |
| 60 through 64 | $0.561 |
| 65 through 69 | $1.08 |
| Age 70 and up | $1.921 |
Life Insurance for your Child(ren)
You can purchase life insurance coverage for your eligible unmarried dependent child(ren) under the age of 26 who are reliant upon you for support and maintenance in the amount of $10,000. Coverage on a child cannot exceed the amount of your combined basic and supplemental life coverage. Premiums are paid through after-tax payroll deduction and are based on your pay frequency.
If both parents are Syracuse University employees, both may purchase coverage on the same child(ren) and each would receive a benefit payment. Eligible dependents cannot also be eligible for coverage as a University employee.
You pay the same flat rate no matter how many children you cover. Your annual monthly cost is $0.537 paid on an after-tax basis.
Example Calculation for Semi-Monthly Academic Year Employee:
If you’re paid semi-monthly (18 times a year):
$0.537 × 12 months = $6.44 per year ÷ 18 = $0.36 per paycheck
Basic AD&D Insurance
The University provides basic accidental death and dismemberment (AD&D) coverage of $3,000 at no cost to you.
If you have any questions or need an accommodation to access information on this webpage, please contact HR Shared Services at 315.443.4042.
Every effort has been made to ensure that the information contained within this website is accurate. However, benefits are governed by legal documents (which, in certain circumstances, may include insurance contracts). If there is any difference between the information in this website and the official documents, the official documents will control. As is the case with all of Syracuse University’s employee benefit plans, the University reserves the right to modify or terminate these benefits at any time.