Life and Accidental Death

Life Insurance

Kent State University provides term life insurance to all full-time employees through The Standard Insurance Company. The life and accidental death and dismemberment (AD&D) insurance is calculated at three times the employee's annual base salary, with a $225,000 maximum.  Reductions in the level of coverage begin at age 65 according to the following schedule:

This life insurance benefit is paid for by Kent State University.  The imputed income for amounts of university paid life insurance in excess of $50,000 for any individual employee will be considered taxable under Section 79 of the Internal Revenue Code.

For more information on basic life insurance or AD&D insurance, visit The Standard Insurance Company web site.

Employees have the opportunity to name the beneficiary for university provided life insurance.  The beneficiary for the Travel Accident coverage is the same beneficiary named for the basic life and AD&D.  Payment of any benefit will be made to the beneficiary of record as of the date of loss.  This beneficiary designation may be changed at any time.  If you would like to make changes to your beneficiaries, download and complete the life insurance Beneficiary Change Form and submit it to the Benefits Office in Wright Hall.  Beneficiary changes are not effective until received in the Benefits Office.

Supplemental Life Insurance

Full-time employees with at least a nine-month assignment who are covered by the basic life insurance program may also elect to purchase additional group term life insurance protection for themselves and any eligible dependents. This coverage is available through The Standard Insurance Company. The premiums for this additional life insurance are paid through payroll deduction with after-tax dollars.

Additional Life Insurance

Employees may elect Additional Life for themselves in units of 1, 2 or 3 times their annual base pay, up to a maximum of $500,000.  If an employee elects coverage when first eligible, The Standard will guarantee issue of amounts up to $200,000. Any amounts elected in excess of $200,000 will be subject to medical evidence of insurability (Medical History Questionnaire).

The monthly premiums for this coverage are based upon the employee’s age as illustrated in the following table:

Dependent Life Insurance for Spouses

Employees may elect Dependent Life for their legally married spouse in increments of $10,000, up to a maximum of $250,000, but not to exceed 100% of the amount of Additional Life the employee could elect.  If an employee elects Dependent Life coverage for an eligible spouse when first eligible, The Standard will guarantee issue of amounts up to $20,000.  Any amounts elected in excess of $20,000 will be subject to medical evidence of insurability (Medical History Questionnaire).

The monthly premiums for this coverage are based upon the spouse’s age as illustrated in the following table: