Life and Accidental Death & Dismemberment (AD&D) Insurance
Basic Employee Life Insurance:
University of the Sciences provides basic group term life and AD&D insurance to all benefit eligible employees. The amount of basic life insurance at any date is equal to 2 times the employee's annual base salary (rounded up to the nearest thousand).
Supplemental Employee Life Insurance:
Benefit eligible employees may choose to purchase additional levels of
term life insurance, via after-tax payroll deductions, at:
1/2 X base salary
1 1/2 X base salary
2 1/2 X base salary (not to exceed $1,000,000)
Dependent Life Insurance:
Benefit eligible employees may also choose to purchase, via after-tax
payroll deductions, term life insurance coverage for eligible dependents
(spouse and eligible dependent child). Coverage is available at:
$25,000 or $50,000 for spouse
$10,000 for dependent child only (per child)