Supplemental Life Insurance

Employees may purchase Supplemental Life Insurance to enhance the UA Paid Basic Life Insurance. Preview a brief summary of your Life Insurance Benefit options and How to Choose a Beneficiary to help to get you acquainted with your Supplemental Life Insurance.

Supplemental Life Insurance can be purchased in $50,000 increments to a maximum of $600,000. Evidence of Insurability (EOI) will be required for any enrollment over the guaranteed issue of $200,000. In addition, an EOI will be required for each increase over $200,000. 

All regular full-time or regular part-time employees are eligible. Dependents are not covered.

Rates are based on the amount of Supplemental Life Insurance selected and employee age as of July 1 of each year.  Check current  FY22 Supplemental Life Insurance Rates or contact the benefits team at ua-benefits@alaska.edu. Payments are made through biweekly payroll deductions. 

Complete the Life Event Changes Form or the UA Choice Benefit Enrollment Form. You may enroll within 30 days of the date of your employment, open enrollment, or after a major life event. You may reduce or stop your coverage at any time.

If you elect to have more than $200,000 of supplemental life insurance you must complete the Evidence of Insurability Form.

Employees Age 65 and Over

You may buy up to $600,000 of supplemental life coverage in $50,000 increments.  If you are a newly eligible 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 elect or increase your supplemental coverage amount to a maximum of $100,000 with no medical underwriting. Increases beyond $100,000 will require medical evidence of insurability. Simply complete the Evidence of Insurability and submit it directly to Securian Life Insurance Co. They will notify the Benefits team if you’ve been approved.

The benefits will be paid to the beneficiary you name on the Beneficiary Designation Form. You may change your beneficiary at any time by completing a new form.

If a life insurance claim needs to be filed, please contact the benefits team at ua-benefits@alaska.edu