Benefits

Life Insurance

Financial protection for your survivors in the event of your death is important for your family’s welfare. The University of Alaska provides the opportunity for income protection through the following benefit plans—basic and supplemental life insurance and accidental death and dismemberment protection.

You may only add or increase life insurance coverage as a new employee, during open enrollment or after a major life event. You may drop or reduce coverage at any time. Check current life insurance rates. A summary of the different types of insurance follows.

Basic Life Insurance

BASIC: Benefits-eligible regular and term employees are provided with $50,000 in basic life coverage at no cost.

Supplemental Life Insurance

Supplemental life insurance is available in amounts from $25,000 to $400,000. Participation is optional and the employee pays the premium.

Accidental Death & Dismemberment

ADD: The policy pays benefits for accidental loss of life or limb. Participation is optional for eligible employees; employee pays the premium if this coverage is elected. A reduced schedule of benefits under this plan is available for dependents, see The Handbook (pdf) for details.

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