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In addition to the basic life and accidental death and dismemberment (AD&D) insurance that is provided by SPU, additional voluntary term life and AD&D insurance is available for regular full-time or regular part-time employees and their eligible dependents based on the information below.


Additional Voluntary Term Life and AD&D Insurance
Employee

May be purchased in $10,000 increments up to $500,000 - medical underwriting (health statement) required.

If enrolled in first 30 days of eligibility, guaranteed issue up to $150,000 with no health statement required.

Spouse*

May be purchased in $5,000 increments. May not exceed the amount of the employee's additional voluntary amounts and limited to $250,000.

If enrolled in first 30 days of eligibility; guaranteed issue up to $25,000 with no health statement required.

Dependent Child(ren)*

May be purchased in $2,000 increments up to a maximum of $10,000. May not exceed the amount of the employee's additional voluntary amounts.

If enrolled in first 30 days of eligibility; guaranteed issue up to $10,000 with no health statement required.

Voluntary AD&D is also available to you in the same coverage amounts as life insurance. No health statement is required for voluntary AD&D.


*PLEASE NOTE: In order to purchase voluntary term life and AD&D coverage for your dependents, you must purchase coverage for yourself. Premiums are paid entirely by the employee through payroll deductions.


New Employees


In order to be eligible for the guaranteed issue amounts, new employees and their eligible dependents must enroll in voluntary life insurance during their first 30 days of eligibility.


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