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The
University of Wisconsin Employees Inc. is an employee-directed
nonprofit corporation founded in 1952 to provide affordable
decreasing term life insurance to University of Wisconsin
employees. Minnesota Life Insurance is the insurance carrier for this plan.
See the plan brochure and plan certificate for more details.
Eligibility
You must
be employed in the University of Wisconsin System and be eligible for coverage under the State Group Health Insurance program in order to be eligible for coverage.
Enrollment
- You must
file an application
with your campus benefits office within 30 days of
your initial employment date.
- Coverage
is effective on the first of the month after the campus
benefits office receives the application.
- If you
miss your initial enrollment opportunity, you may
apply for coverage by submitting an Evidence of Insurability form to Minnesota Life (acceptance is not guaranteed).
You are encouraged to complete a beneficiary designation to ensure that benefits are paid according to your wishes.
Coverage
- Coverage level is based on age. Amount
of coverage ranges from $30,000 for employees under age 35 down to $4,000 if 65 and over.
- No family coverage
available.
Premium
- Premiums
are based on your age.
- The University
makes no contribution toward the premium.
Program
Features
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At termination of employment or loss of eligibility, you may convert your coverage to a new individual life insurance policy, without providing evidence of insurability. You must submit a Conversion Application to Minnesota Life within 31 days after your group insurance coverage ends.
This document was last
revised on May 11, 2012
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