Life Insurance

State of Florida Basic Life Insurance

Minnesota Life (Pre-tax Benefit)

This benefit is automatically provided by the State of Florida. The basic coverage may be supplemented with additional term life insurance, paid through the convenience of payroll deduction. Some benefits of this plan are:

  • $25,000 available to full-time eligible employees (part-time employees pay appropriate premiums based on their FTE)
  • Enrollment for full-time new hires is automatic
  • Coverage includes AD&D coverage

For complete plan details visit the the MyBenefits section web site.

 

State of Florida Optional Life Insurance

Minnesota Life (Post-tax Benefit)

Besides the Basic term life insurance, employees may purchase additional term life through Minnesota Life. Some of the plans highlights are:

  • Employees can select from 1-7 times base annual earnings up to a maximum optional coverage benefits of $1,000,000
  • Medical underwriting may be required
  • Employees pay the entire premium

For complete plan details visit the the MyBenefits section web site.

UFSelect Term Life Insurance

Standard Insurance Term Life (Post-tax Benefit)

As an employee at the University of Florida, you may select Voluntary Term Life insurance for you as well as for your spouse, domestic partner, and your dependent children. Some of the benefits of this plan are:

  • Employees may select from $10,000 to $800,000 in term life and AD&D in increments of $10,000
  • Coverage for spouse/domestic partner and dependent children
  • Spouse/Domestic partner may elect from $5,000 to $300,000 in benefits in increments of $5,000. Election may not exceed 100% of employee’s election
  • An employee may elect from $5,000 to $25,000 in benefits in increments of $5,000 for eligible dependent children
  • Guarantee issue amount (without evident of insurability) of $300,000 for new hires
  • During Open Enrollment, employees may increase coverage without evidence of insurability by $10,000. spouse/domestic partner by $5,000, and dependent children by $5,000
  • Only for this 2012 Open Enrollment employees may increase coverage amount up to $300,000 without evidence of insurability.

For complete plan details, see the Plan Brochure.

Evidence of Insurability Form (to be completed if enrolling in an amount greater than the guarantee issue amount)

Trustmark LifeEventsĀ®

Trustmark Universal Life/LifeEventsĀ® Advantage (Post-tax Benefit)

LifeEvents combines two important benefits into one product. With LifeEvents your benefits can be paid as death benefits, as living benefits for long-term care, or as a combination of both. This benefit pays higher death benefit during working years when expenses are high. Then at age 70, when expenses typically reduce, LifeEvents reduces the death benefit amount to better fit your needs. Some highlights of this plan are:

Death Benefits:

  • Funeral cost
  • Rent or mortgage payments
  • College tuition for children or grandchildren
  • Debt
  • Retirement

Living Benefits:

  • Home health care
  • Assisting living facility
  • Adult care
  • Nursing home

For complete plan details see the Plan Brochure.