Life & Long-Term Disability Insurance
Provided by MetLife
Basic Life and AD&D:
Paid by the University, is a benefit for full-time employees working 30 or more hours per week. The life insurance coverage is equal to two (2) times the annual salary.
Additional Voluntary Life Insurance:
Available for the employee to purchase in $10,000 increments, up to 5 times an employee's annual salary. Guarantee Issue for newly eligible employees is $300,000 if under age 70.
*Benefits will reduce 35% at age 65; Additional 15% of original amount at age 70; Additional 15% of original amount at age 75. Benefits terminate at retirement.
*The monthly rate per $1,000 of insurance is .1100
Dependent life insurance, is available in options of $10,000, $20,000 and $50,000, with or without AD&D is also available.
Long-Term Disability Insurance (LTD), paid for by the University, is a benefit that pays if an employee is sick or hurt and unable to work for 6 months, at the end of the 6 months the employee will begin drawing what equals 60% of their base pay. The benefit will continue as long as the employee is disabled or age 65. Each employee must be employed six months, before the Long-Term Disability benefit goes into effect.
Employees may purchase a 3 month buy-up option, which will reduce the waiting period from six months to only three months before LTD benefits can begin.
Current full-time employees: If increasing or adding coverage options, complete the Evidence of Insurability Form (EOI) and mail it to:
Metropolitan Life Insurance Company Statement of Health Unit
Statement of Health Unit
P.O. Box 14069
Lexington, KY 40512-4069
Forms can also be faxed or emailed:
Forms & Information: