Benefits

2014-2015 Life Insurance Rates

Rates show plan-year totals with biweekly payment amounts. Nine- 10- and 11-month employees pay through payroll deductions over 19 pay periods. Twelve-month employees pay deductions over 26 pay periods.

Click here for a pdf with the supplemental life insurance rates.

Accidental Death and Dismemberment

Participation is optional. (After tax, biweekly deduction)

Number of Individuals12 Month9 MonthAnnual Cost
Employee Only$.88$1.76$22.80
Employee + Family$1.20$2.40$45.60

Supplemental Life Insurance

The University provides at no cost to you a $50,000 basic life plan. In addition, you may buy up to $400,000 of supplemental coverage in $25,000 increments.

As a new employee, you may elect supplemental coverage up to a maximum of $200,000 with no medical underwriting if you apply within 30 days of your hire date. Eligibility for amounts over $200,000 is subject to medical evidence of insurability.

During each Open Enrollment, or if you experience a qualifying major life event, you may increase your supplemental coverage amount to a maximum of $200,000 with no medical underwriting. Increases beyond $200,000 will require medical evidence of insurability. Simply complete the Evidence of Insurability form (found online here) and send it directly to Standard Insurance at the address on the form, or fax it to (971) 321-5060.

12 month employee rates, 26 pay periods

(after tax bi-weekly deduction)

Coverage< 3030-3435-3940-4445-4950-5455-5960-6465 +
$25,000$0.47$0.70$0.81$1.16$1.74$3.00$5.20$7.04$15.00
$50,000$.93$1.39$1.62$2.31$3.47$6.00$10.39$14.08N / A
$75,000$1.39$2.08$2.43$3.47$5.20$9.00$15.58$21.12N / A
$100,000$1.85$2.77$3.24$4.62$6.93$12.00$20.77$28.16N / A
$125,000$2.31$3.47$4.04$5.77$8.66$15.00$25.97$35.20N / A
$150,000$2.77$4.16$4.85$6.93$10.39$18.00$31.16$42.24N / A
$175,000$3.24$4.85$5.66$8.08$12.12$21.00$36.35$49.27N / A
$200,000$3.70$5.54$6.47$9.24$13.85$24.00$41.54$56.31N / A
$225,000$4.16$6.24$7.27$10.39$15.58$27.00$46.74$63.35N / A
$250,000$4.62$6.93$8.08$11.54$17.31$30.00$51.93$70.39N / A
$275,000$5.08$7.62$8.89$12.70$19.04$33.00$57.12$77.43N / A
$300,000$5.54$8.31$9.70$13.85$20.77$36.00$62.31$84.87N / A
$325,000$6.00$9.00$10.50$15.00$22.50$39.00$67.50$91.50N / A
$350,000$6.47$9.70$11.31$16.16$24.24$42.00$72.70$98.54N / A
$375,000$6.93$10.39$12.12$17.31$25.97$45.00$77.89$105.58N / A
$400,000$7.39$11.08$12.93$18.47$27.70$48.00$83.08$112.62N / A

9, 10, and 11 month employee rates, 19 pay periods

(after tax bi-weekly deduction)

Coverage< 3030-3435-3940-4445-4950-5455-5960-6465 +
$25,000$0.64$0.95$1.11$1.58$2.37$4.11$7.11$9.64$20.53
$50,000$1.27$1.90$2.22$3.16$4.74$8.22$14.22$19.27N / A
$75,000$1.90$2.85$3.32$4.74$7.11$12.32$21.32$28.90N / A
$100,000$2.53$3.79$4.43$6.32$9.48$16.43$28.43$38.53N / A
$125,000$3.16$4.74$5.53$7.90$11.85$20.53$35.53$48.16N / A
$150,000$3.79$5.69$6.64$9.48$14.22$24.64$42.64$57.79N / A
$175,000$4.43$6.64$7.74$11.06$16.58$28.74$49.74$67.43N / A
$200,000$5.06$7.58$8.85$12.64$18.95$32.85$56.85$77.06N / A
$225,000$5.69$8.53$9.95$14.22$21.32$36.95$63.95$86.69N / A
$250,000$6.32$9.48$11.06$15.79$23.69$41.06$71.06$96.32N / A
$275,000$6.95$10.43$12.16$17.37$26.06$45.16$78.16$105.95N / A
$300,000$7.58$11.37$13.27$18.95$28.43$49.27$85.27$115.58N / A
$325,000$8.22$12.32$14.37$20.53$30.79$53.37$92.37$125.22N / A
$350,000$8.85$13.27$15.48$22.11$33.16$57.48$99.48$134.85N / A
$375,000$9.48$14.22$16.58$23.69$35.53$61.58$106.58$144.48N / A
$400,000$10.11$15.16$17.69$25.27$37.90$65.69$113.69$154.11N / A
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