Employee Benefits

University Insurance Association (UIA) Life Insurance - University of Wisconsin System

UIA Board

Certificate of Insurance

The University Insurance Association Plan provides decreasing term life insurance to eligible unclassified faculty and academic staff under Group Policy # 32872-G issued by the Minnesota Life Insurance Company and administered by the University Insurance Association Board.

Eligibility

Participation is a condition of employment for Faculty, Academic Staff and Limited Appointees, Research Associates, Post Doctoral Fellows/Scholars/Trainees, or others who hold an unclassified appointment by the Regents of the University of Wisconsin and whose duties include either teaching, research or administration and whose current rate of compensation is not less than 50% of the average instructors salary for the previous year.

The monthly earnings threshold for 2008-09 is $2,333.00.

In addition, you must be eligible for immediate or future employer contribution to the State of Wisconsin health insurance program to participate.

Rehired annuitants receiving a Wisconsin Retirement System benefit are not eligible for this program.

Enrollment

  • If you meet the eligibility criteria, enrollment is automatic.
  • No application is required.
  • You may designate a beneficiary. If you do not have a beneficiary designation on file, proceeds will be paid according to standard sequence.

Coverage

  • Coverage is effective on April 1 or October 1, depending on your date of employment.
  • The UIA plan does not cover your spouse or dependents.
  • Your benefit is determined according to your age at the beginning of the contract year (October 1), illustrated in the following table.
Member's Age at Beginning of Policy Year
Amount of Death Benefit
Member's Age at Beginning of Policy Year
Amount of Death Benefit
21
$60,000
46
$21,000
22
$60,000
47
$20,000
23
$60,000
48
$19,000
24
$60,000
49
$17,800
25
$60,000
50
$16,500
26
$60,000
51
$15,100
27
$60,000
52
$13,600
28
$58,000
53
$12,100
29
$55,500
54
$10,700
30
$52,700
55
$ 9,400
31
$49,900
56
$ 8,200
32
$47,200
57
$ 7,100
33
$44,500
58
$ 6,300
34
$41,700
59
$ 5,600
35
$39,200
60
$ 5,100
36
$36,700
61
$ 4,600
37
$34,200
62
$ 4,200
38
$32,100
63
$ 3,800
39
$30,400
64
$ 3,500
40
$28,800
65
$ 3,300
41
$27,100
66
$ 3,000
42
$26,700
67
$ 2,800
43
$24,500
68
$ 2,600
44
$22,900
69
$ 2,300
45
$22,100
70
$ 2,000

Premium

  • The annual premium of $24 is deducted from your October earnings (paid on or about November 1).
  • If your employment begins after payment of October earnings, a $12 premium will be deducted from your March earnings (paid on or about April 1).
  • The University does not contribute toward the premium.

Program Features

  • Continuation of Coverage, meaning coverage in the group policy after employment, may be an option under the following circumstances:
    • you terminate employment, including retirement; or
    • you are no longer in a class eligible for insurance, such as moving from an academic to a non-academic appointment; or
    • you are on a leave of absence; or
    • you are laid off.

To continue coverage, you must make a written request and make the first premium payment to Minnesota Life Insurance Company* within 31 days after UIA group insurance would otherwise terminate. For information regarding plan continuation, contact your Benefits Office and complete this continuation form.

  • An Accelerated Benefit, up to 100% of the life insurance proceeds can be paid to you if you become terminally ill. For information regarding the Accelerated Benefit, contact Minnesota Life Insurance Company.*
  • Transfer of Ownership, sometimes called assignment of insurance, is an option for staff wishing to transfer the rights of the policy to another party. For more information regarding transferring ownership of your policy, contact Minnesota Life Insurance Company.*
  • Conversion of Coverage, means insurance coverage in a permanent life insurance policy with Minnesota Life Insurance Company* when your UIA group insurance terminates. Most employees opt for the lower-priced continuation option for life insurance coverage following employment.

To convert coverage, you send a written request and submit the first premium payment to Minnesota Life Insurance Company* within 31 days after UIA group insurance terminates. For information regarding plan conversion, contact Minnesota Life Insurance Company.*

*Minnesota Life
P.O. Box 259708
Madison, WI 53725-9708
(608) 277-8690 or
(866) 295-8690

Annual Report for 2007-08.

The 2009 Annual Meeting will be held on December 4, 2009. The time and location to be determined.

For additional information, please refer to the Certificate.

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This document was last revised on May 7, 2009

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