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Life Insurance

Eligibility

Eligible participants are regular employees who are scheduled to work at least 20 hours per week.

Enrollment

Enrollment in Group Term (non-contributory) Life Insurance is automatic. To elect or update your beneficiaries, please visit My Benefits. This can be completed at anytime during the year.

See below for information about enrolling in Supplemental Life Insurance.

Group Term Life Insurance

Yale University provides all eligible Clerical & Technical, Service & Maintenance and Security employees with $5,000 of basic term life insurance and an equivalent amount of Accidental Death and Dismemberment coverage.

Supplemental Life Insurance

The University currently offers all eligible employees the opportunity to purchase Group Term Life Insurance and an equivalent amount of Accidental Death and Dismemberment coverage in multiples of 1, 2, 3, 4 or 5 times their base annual salary or a flat amount of $50,000. The maximum amount of coverage is $1,500,000.

Effective January 1, 2014, new or newly eligible employees who enroll within the first 30 days of employment are eligible to purchase up to two times their annual base salary without proof of insurability. Employees wishing to purchase Group Term Life Insurance and new employees electing coverage above two times their annual base salary must complete an evidence of insurability form and be approved by the Insurance company.

The monthly cost of insurance is based on the age of the employee and the amount of term life insurances elected. Monthly costs will also be adjusted as the employee's salary increases and his/her age reaches one of the age brackets shown below. Premiums will be taken from the employee's paycheck as a pre-tax salary reduction on the first $50,000 of coverage and as an after-tax deduction for the cost of coverage over $50,000.

Rate Schedule

Monthly Premium Costs per $1,000 of Coverage
Rates effective January 1, 2012:

Age bracket Monthly costs per $1,000 of coverage
less than 30
0.046
30-34
0.050
35-39
0.059
40-44
0.085
45-49
0.133
50-54
0.200
55-59
0.329
60-64
0.509
65-69
0.799
70-74
1.200
75 and up
1.698

Please contact Employee Services at 203-432-5552 if you need additional information.

Terminating or Retiring Employees

Employees who terminate or retire may continue their supplemental coverage by purchasing a policy directly from Standard. Please contact Employee Services at 203-432-5552 for additional information and an application.