Your family depends on your income for a comfortable lifestyle and for the resources necessary to make their dreams a reality. Like anyone, you don’t like to think of the scenario where you’re no longer there for your family. However, you do need to ensure their quality of life and their dreams can continue if the worst does happen.
Basic Life
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.
Tulane provides faculty, staff, and TUMG members with Basic Life Insurance in the amount of 1.5 times their annual salary up to $50,000.
Supplemental Life and AD&D
You can purchase Supplemental Life and AD&D (Accidental Death and Dismemberment) coverage for you and your family.
To purchase Supplemental Life coverage for your spouse or child(ren), you must enroll yourself in coverage. You pay 100% of the cost of this coverage. Please refer to the plan summaries for the low-cost, age-related rates. A Statement of Health application is required if you elect coverage over the Guaranteed Issue amount. Age reductions may apply to life insurance amounts. You are not required to purchase Supplemental Life in order to purchase AD&D. You can enroll independently.
If both employees work for Tulane, you may not be covered under each other's policy.
Tulane Death Benefit
Tulane also provides a Death Benefit equal to an employee's one-month salary. Additional information about these benefits can be found here.
Eligibility
- A full-time employee scheduled to work with the university for no less than 7 months
- A part-time employee working at least 50% of a full-time schedule and expected to work no less than 7 months
Medical History Statement
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 issue amount, according to the certificate of coverage. Medical History Statements are not needed for increases in AD&D. All Medical History Statements are completed electronically through 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 premium amounts:
- Once the statement is submitted to The Standard, it can take up to ninety days for the approval or denial to be received by Tulane.
- While the statement is being processed, your current coverage or premium will show as "interim" status, and the new coverage or premium will show as "suspended" status in Employee Self-Service. This means you will continue to pay the old rate until approval is received for the new amount. If a denial is received, you will continue paying the old rate.
FAQs
Guaranteed Issue (GI) refers to the amount of insurance you may buy without the insurance company requiring you to provide Evidence of Insurability (EOI) or a Statement of Health. Elections made during Open Enrollment are approved up to the GI amount, except if the employee has been denied coverage from The Standard in the past. If an employee has been denied, they are not eligible to enroll or change the current election.
To enroll, visit Employee Self-Service within 30 days of your new hire or newly eligible date:
- Go to Employee Self-Service and login with your TU username and password
- Make your benefits selections
- Print your confirmation statement and keep for your records
Note: All benefits-eligible employees are automatically enrolled in Basic Employee Life Insurance on the date of hire or 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).
- A primary beneficiary is the first person you name to receive the proceeds from your insurance policy upon your death. You can designate 100% of the proceeds to one primary beneficiary or you can divide the proceeds among multiple primary beneficiaries.
- A contingent (or secondary) beneficiary receives the proceeds from your insurance policy only if the primary beneficiary (or beneficiaries) are deceased or do not meet the criteria for the policy.
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 the 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.
Vendor Information
- The Standard
- Customer Service: 1-800-843-7979
- Group Number:647381
Have additional questions about your plan?
Call the Benefits Team
Phone:
504-865-HR4U(4748)
Email:
Monday-Friday
8:30 a.m.–5 p.m. CST
