Group Life Insurance

The University of Chicago offers benefit-eligible employees and their dependents Life Insurance benefits.

Life insurance plans provide financial security for you and your family in the event of a death. The University of Chicago Group Life administrator is VOYA. For questions regarding your Group Life coverage(s), please contact VOYA directly at 888.238.4840.

Table of Contents

Basic Life Insurance
Supplemental Life Insurance 
Voluntary Spouse, Civil Union Partner, or Domestic Partner Life Insurance
Voluntary Dependent Child(ren) Life Insurance
Cost of Coverage

Basic Life Insurance

All benefits-eligible employees have a life insurance benefit under the Basic Life Insurance plan. You are automatically enrolled on your date of hire or benefits-eligible date. The University pays the full cost of Basic Life Insurance coverage equal to one times your salary, to a maximum of $50,000. 

Supplemental Life Insurance

All benefits-eligible employees have the opportunity to purchase additional life insurance protection for themselves. Enrollment is voluntary and you decide how much to purchase.

Key Features

• During the first 31 days following your employment or during the first 31 days after you become benefits eligible, you may elect supplemental life insurance equal to a multiple of your annual salary (1x, 2x, 3x, 4x, 5x, 6x, 7x or 8x), up to $750,000 without Evidence of Insurability; to an overall maximum of $1,500,000 (basic and supplemental combined). 

• After the first 31 days following your hire or benefits eligibility date, you may elect supplemental life insurance equal to a multiple of your annual salary (1x, 2x, 3x, 4x, 5x, 6x, 7x or 8x), with Evidence of Insurability; to an overall maximum of $1,500,000 (basic and supplemental combined). Coverage requiring Evidence of Insurability will not be in force until approval is received through the Evidence of Insurability process.

• You, as the employee, pay the full cost for this coverage through after-tax payroll deductions.

• When you reach age 65, coverage is available in a reduced percentage of your elected coverage amount.

Voluntary Spouse, Civil Union Partner or Domestic Partner Life Insurance

All benefits-eligible employees have the opportunity to purchase life insurance protection for their spouse, civil union partner, same-sex domestic partner (who is registered with the University). Enrollment is voluntary and you decide how much to purchase.

Key Features

• You may elect coverage for your spouse/partner in $10,000 increments up to $150,000 (not to exceed 100% of your basic and supplemental life combined). 

• During the first 31 days following your employment, or during the first 31 days after you become benefits eligible, you may elect up to $20,000 in Life Insurance coverage for your spouse/partner without Evidence of Insurability. Coverage in excess of $20,000 will require Evidence of Insurability.

• After your first 31 days following your employment, during the first 31 days after you become benefits eligible, Evidence of Insurability is required for all coverage elections. 

• Any coverage requiring Evidence of Insurability will not become effective until approval is received from VOYA. You will be contacted directly by VOYA with information regarding the Evidence of Insurability process.

• You, as the employee, pay the full cost for this coverage through after-tax payroll deductions.

• When your spouse, civil union partner or same sex domestic partner reaches age 65, coverage is available in a reduced percentage of the elected coverage amount.

Voluntary Dependent Child(ren) Life Insurance

All benefits-eligible employees have the opportunity to purchase life insurance protection for their child(ren). Enrollment is voluntary and you decide how much to purchase. 

Key Features

• You may elect coverage for your eligible dependent child(ren) (up to age 26) in $2,000 increments up to $10,000.

• You may cover one child or multiple children in your family. You will only pay premium based on one level of coverage. So, if you choose the $2,000 level of coverage, you will only pay premium based on $2,000, yet you will have $2,000 coverage on each eligible child in your family.

• There is no Evidence of Insurability required for children.

• You, as the employee, pay the full cost for this coverage through after-tax payroll deductions.

Cost of Coverage

The monthly cost for Supplemental Life Insurance and Voluntary Spouse, same-gender Domestic Partner (registered with the University), or Civil Union partner is based on age and the coverage amounts you elect. 

* Once you reach age 65, coverage is available in reduced amounts of your salary. The reduction factors are:

The maximum amount of life insurance you can have when you reach age 65 is:

• Age 65 – 69: $975,000

• Age 70 – 74: $630,000

• Age 75 and over: $405,000.

The monthly cost for child(ren) life insurance is: 

Your monthly cost for coverage is the same, no matter how many children you cover.