Benefits - Life Insurance Plans

Benefits

Life Insurance Plans

SU offers the following Life Insurance plan options for you and your family members through MetLife:

SU-Sponsored Basic Life Insurance
Supplemental Life Insurance
Dependent Life Insurance-Spouse/Same-Sex Domestic Partner Life Insurance
Dependent Life Insurance - Child(ren)

SU-Sponsored Basic Life Insurance

All benefits-eligible employees receive SU-sponsored Basic Life insurance coverage in the amount of $10,000 for staff and $50,000 for faculty. At age 65, the basic coverage drops to $6,500 for staff and $32,500 for faculty. There is no cost for this coverage.

Supplemental Life Insurance

Voluntary Supplemental Life insurance coverage is offered through MetLife. Premiums are paid through after-tax payroll deduction.

Employee

Coverage between one and ten times your salary (not to exceed $2,000,000) may be purchased.
A completed MetLife Statement of Health form is required and coverage must be approved by MetLife.
Premiums are automatically calculated and adjusted as necessary during the calendar year based on the employee's actual salary and actual age.
Supplemental Life Insurance coverage up to a maximum of $2 million may be purchased. Employees may elect 1 to 10 times salary capped at $250,000 or 1 to 10 times salary capped at $2 million (if the multiple of salary exceeds $250,000) with proof of insurability.

Spouse/Same-Sex Domestic Partner Life Insurance

Coverage may be purchased for your spouse/same-sex domestic partner in an amount not to exceed your own combined Basic and Supplemental Life coverage. Premiums are paid through after-tax payroll deduction.

Coverage for your spouse/same-sex domestic partner may be elected in levels of $10,000 and $20,000 without providing a MetLife Statement of Health form.
Coverage levels of $40,000, $60,000, $80,000 and $100,000 may also be elected; however a completed MetLife Statement of Health form must be mailed directly to MetLife. The coverage will not go into effect until MetLife notifies Human Resources of its approval.
Insurance premiums are automatically calculated and adjusted as necessary during the calendar year based on your spouse/same-sex domestic partner's actual age.

Dependent Life Insurance - Child(ren)

Dependent Life coverage may be purchased for your eligible dependent child(ren) in the amount of $10,000. Premiums are paid through after-tax payroll deduction.

Coverage cannot exceed the employee's own life insurance coverage.
A MetLife Statement of Health is not required to purchase this coverage.
Eligible dependents can only be covered by one SU employee.

Contributions

Employee Coverage
Age	Monthly Cost Per Thousand
Under age 25	$ .05
25 through 29	$ .06
30 through 34	$ .08
35 through 39	$ .09
40 through 44	$ .12
45 through 49	$ .19
50 through 54	$ .32
55 through 59	$ .55
60 through 64	$ .78
65 through 69	$1.27
70+	$3.72

Spouse/Same-Sex Domestic Partner Coverage
Age	Monthly Cost Per Thousand
Under age 25	$ .05
25 through 29	$ .06
30 through 34	$ .08
35 through 39	$ .09
40 through 44	$ .12
45 through 49	$ .15
50 through 54	$ .23
55 through 59	$ .43
60 through 64	$ .66
65 through 69	$1.27
70+	$2.26

Dependent Child(ren) Life
Coverage Amount	Monthly Premium*
$10,000	$.55

* Premium amount remains the same, regardless of the number of children.

Helpful Links

Interactive Online Statement of Health (Employee only)
MetLife
Statement of Health (Printable form for Employee, Spouse and Same-Sex Domestic Partner)
Student Certification Process

Questions? Contact the HR Service Center at 443-4042 or e-mail hrservic@syr.edu.

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The web pages summarize your Syracuse University benefit options. Every effort has been made to ensure this information is accurate. However, the programs are governed by legal documents and insurance contracts. If there is any difference between the information on these web pages and the official documents and contracts, the official documents and contracts will rule. Our benefits are governed by current laws and operated according to Internal Revenue Service (IRS) regulations. We will notify you if changes in plans are necessary to comply with the law or with IRS regulations.

Employees electing to participate in the SU benefit plans are bound by the terms of the governing Plan documents. If you have any questions regarding the plans, you may request a copy of the Plan document from the Plan Administrator by contacting the HR Service Center at the number indicated at the end of this page.

As is the case with all benefits offered by SU, (1) the Plan Administrator has the discretionary authority to interpret the terms of the Plan and such interpretation will be binding on all interested parties to the fullest extent permitted by law, and (2) the University reserves the right to modify or terminate the Plan at any time.