Life insurance and Accidental Death and Dismemberment (AD&D) insurance help provide financial protection in the event of your death or that or a spouse or dependent. Through The Standard, Tulane University offers you a comprehensive life insurance program, including both employer paid plans and voluntary employee paid plans from which you can choose.
Faculty & Staff
TUMG Members
Tulane also provides a Death Benefit equal to an employee's one month salary. Additional information about this benefits can be found here.
| TYPE OF COVERAGE | BENEFIT SCHEDULE | GUARANTEED ISSUE AMOUNT | COST PAID BY |
|
Basic Employee Life Insurance
TUMG Group Life |
1.5 Annual Salary up to $50,000
$150,000 |
None
None |
Tulane
Tulane |
|
Supplemental Employee Life Insurance
TUMG Members Supplemental Employee Life Insurance |
Your choice of 0.5X, 1X, 1.5X, 2X, 3X, 4X, 5X Annual Salary up to $1,000,000
TUMG enroll in increments of $50,000 to a max of $2,000,000 |
0.5X to 3X to a max of $500,000
$500,000 |
You
TUMG Member |
| Basic Spouse Life Insurance | $2000 | None | Tulane |
|
Supplemental Spouse Life Insurance
TUMG Supplemental Spouse Life Insurance |
Multiples of $10,000 from $10,000 up to $150,000
Multiples of $50,000 from $50,000 to $1,000,000 |
$50,000
$100,000 |
You
TUMG Member |
| Basic Child Life Insurance | $2,000 | None | Tulane |
|
Supplemental Child Life Insurance
TUMG Supplemental Child Life Insurance |
$10,000 or $20,000
$10,000 |
$10,000
None |
You
TUMG Member |
| Employee Voluntary AD&D Insurance | Multiples of $10,000 from $10,000 up to $500,000 | None | You |
| Dependent Voluntary AD&D Insurance (Dependents receive a percentage of your AD&D benefit) |
Spouse Only: 60% Child Only: 20% Family Coverage: Spouse-50%, Child 15% |
None | You |
| Tulane Death Benefit | One Month's Gross Salary | None | Tulane |
| Business Travel Accident Insurance | 5X Annual Salary up to $500,000 | Tulane |
Unless you are within your first 30 days of employment or newly eligible status, you must complete a Medical History Statement with The Standard to be considered for new or increased coverage. Medical History Statements are also required for coverages above the Guaranteed Issue Amount.This includes Supplemental Employee Life over 3X your annual salary, Supplemental Spouse Life over $50,000 and Supplemental Child Life over $10,000. If you are not approved for the coverage your benefits will default to your prior approved enrollment status or prior guaranteed issues amount, according to the certificate of coverage. Medical History Statements are not needed for increases to AD&D. All Medical History Statements are completed electronically through the The Standard's website. Click here to submit statements.
What happens now?
Once you complete the Medical History Statement please consider the following about your current and new premiums amounts:
To enroll, visit Employee Self-Service within 30 days of your new hire/newly eligible date:
Note: All benefits eligible employees are automatically enrolled into Basic Employee Life Insurance on date of hire/newly eligible date.
For more detailed instructions, CLICK HERE.
A beneficiary receives financial benefits in the event of the insured's death. Beneficiaries can be primary or contingent (also called secondary).
Note: You can designate numerous beneficiaries in our system just as long as the percentage do not exceed 100% in each category.
You can designate and/or update your beneficiaries at any time during the year. Any changes you make are effective immediately. This is also completed by logging into Employee Self-Service.
You will need to notify Office of Human Resources Benefits Team of the death and the beneficiary will be notified of life and retirement benefits. In addition, the beneficiary will need to submit a death certificate to begin the claim process. Please view Resources for claim forms.
Have questions about your plan?
Call the Benefits Team
Phone:
504-865-HR4U(4748)
Email:
Monday-Friday
8:30am - 5:00pm CST
