Term Life Insurance
No one wants to think about the possibility of death, but it's important that you ensure your family's financial security in the event that something happens. Term Life insurance offers financial security for you and your family. Term Life Insurance is offered to eligible employees through two different vendors, UnitedHealthcare and Prudential.
United Healthcare Term Life Insurance
LSU partners with UnitedHealthcare to provide you and your family with Term Life coverage at affordable rates. This coverage provides affordable financial security for your loved ones, especially when your family depends on your income. This coverage is offered to eligible employees, spouses, and child(ren). This benefit is 100% employee paid.
This plan provides guaranteed issue of coverage up to 3 times your annual salary or $350,000, whichever is less, if you enroll within 30 days of your benefits eligibility. If you do not enroll as a New Hire, you can enroll anytime with Evidence of Insurability. Premiums are age-based and will adjust according to age. The coverage amount must be in increments of $10,000. For a listing of rates, please see the enrollment form.
Once elected, you can designate your beneficiary on the enrollment form.
Spouse coverage is available for up to 50% of the amount of employee coverage, with a maximum of $100,000, if you enroll them within 30 days of your benefits eligibility or within 30 days from your date of marriage. If you do not enroll them within 30 days of their benefits eligibility, they can enroll anytime with Evidence of Insurability. Premiums are age-based and will adjust according to age. The coverage amount must be in increments of $5,000.
Beneficiary designation for spouse coverage is automatically listed as the employee.
You may elect child(ren) Life Insurance coverage in the amount(s) of $5,000, $10,000, $15,000 or $20,000 for each eligible dependent child - no medical information required. Dependent Child(ren) are covered from 14 days to 26 years of age. Premiums are based on the amount of coverage and will not adjust based on age.
Beneficiary designation for child(ren) coverage is automatically listed as the employee.
- Accelerated Death Benefit - The Life Insurance Benefit amount will be reduced by the amount paid under the Accelerated Death Benefit.
- Wavier of Premium
- Travel Assistance
- Will & Trust Preparation
- Beneficiary Services
- Wealth Management Account
Prudential Term Life Insurance
The Office of Group Benefits offers two fully-insured life insurance plans for employees and retirees through The Prudential Insurance Company of America (Prudential). LSU pays half of the life insurance premium for covered employees and retirees.
The Basic Plan offers a flat $5,000 of coverage for employees/retirees. This amount cannot be adjusted. Spouses and child(ren) can also be covered at varying levels, listed below.
Option 1 | Option 2 | ||
---|---|---|---|
Employee | $5,000 | Employee | $5,000 |
Spouse | $1,000 | Spouse | $2,000 |
Each Child | $500 | Each Child | $1,000 |
Dependent Life | Employee pays $1.36/month | Dependent Life | Employee pays $2.72/month |
Coverage is guaranteed if you enroll within 30 days of your benefits eligibility. If you do not enroll as a New Hire, you and your spouse can apply during Annual Enrollment with Evidence of Insurability. Dependent child(ren) do not require Evidence of Insurability. For a full listing of rates, please see the Official Schedule of Monthly Premium Rates.
Once elected, you can designate your beneficiary on the form.
The Basic + Supplemental Plan offers coverage of 1.5 times your salary, up to $50,000. This amount will adjust based on your salary. Spouses and child(ren) can also be covered at varying levels, listed below.
Option 1 | Option 2 | ||
---|---|---|---|
Employee | Schedule to a max of $50,000* | Employee | Schedule to a max of $50,000* |
Spouse | $2,000 | Spouse | $4,000 |
Each Child | $1,000 | Each Child | $2,000 |
Dependent Life | Employee pays $2.72/month | Dependent Life | Employee pays $5.44/month |
*Amount based on employee's base, annual salary
Coverage is guaranteed if you enroll within 30 days of your benefits eligibility. If you do not enroll as a New Hire, you and your spouse can enroll can apply during Annual Enrollment with Evidence of Insurability. Dependent child(ren) do not require Evidence of Insurability. For a full listing of rates, please see the Official Schedule of Monthly Premium Rates.
Once elected, you can designate your beneficiary on the enrollment form.
Both the Prudential Basic and Basic Plus Supplemental Plans have an AD&D benefit included for full-time employees and eligible retirees.
If retired, coverage for AD&D automatically terminates on January 1 following the covered person's 70th birthday. If the plan member is still actively employed at age 70, coverage terminates at midnight on the last day of the month in which retirement occurs.
To File a Life Insurance and/or AD&D Claim - Employees or family members needing to file a claim should contact the Office of Human Resource Management at (504)568-7780 or nohrmbenefits@lsuhsc.edu.
UnitedHealthcare Customer Service:
1-888-299-2070
Policy #303972-1004
Prudential Customer Service:
1-800-272-8451
Policy #33624-8
UHC can be applied for at any time with an Evidence of Insurability.
Certificate of Coverage - Employees
Prudential can only be added at annual enrollment and requires Evidence of Insurability.
Contact Us
LSUHSC Benefits
433 Bolivar Street, 6th Floor
New Orleans, Louisiana 70112
(504)568-7780
Fax: (504) 568-2212