EMPLOYEE LIFE: THE STANDARD (VOLUNTARY)

• Description: Term life and accidental death/dismemberment in an amount equal to two times the employee’s base salary up to $1,000,000.

• Cost: $.167 per $1,000 of coverage. Shared cost between the University and the employee. The University pays ½ of the premium up to $50,000 and the employee pays the balance.

• Effective date: Effective on the first day of the month following date of hire

DEPENDENT LIFE: THE STANDARD (VOLUNTARY)

• Description: Term life insurance for spouse and dependents (to age 26).

Option One: $25,000 for spouse; $10,000 for dependents
Option Two: $10,000 for spouse, $5,000 for dependents

• Cost: Employee pays full cost:

Option One: $5.80 monthly, $2.68 biweekly
Option Two: $2.40 monthly, $1.11 biweekly

• Effective date: Effective on the first day of the month following date of hire

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If you currently have the GTL Life Insurance, you may change your beneficiary at any time. It is suggested to review this periodically and update the form regularly. 

Life Insurance Beneficiary Change Form

Please note - this form cannot be used to enroll. If you are interested in adding a Life Insurance policy, please contact Benefits at HR@southwestern.edu.

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