Benefits

Life / Accident Insurance (Prior coverage - ended June 30, 2008)

 (Prior coverage - ended June 30, 2008)

Accidental Death and Dismemberment

This plan provides various amounts of coverage for accidental death or dismemberment or loss of sight whether in the course of business or pleasure. Optional family coverage is also offered. The cost of the plan varies according to the plan selected and is deducted from the employee's paycheck

Employee-Paid Life Insurance

This program provides multiple options of decreasing term life insurance. Coverage may also be selected for spouse or MSU-recognized same-sex domestic partner, and eligible dependents or MSU-recognized same-sex domestic partner's dependents. Benefits are payable to the designated beneficiary in the event of death from any cause while the plan is in force. Beneficiaries are designated by the employee and may be changed at any time. The cost of the plan varies according to the plan selected.

Expanded Life Plan

The Expanded Life program provides life insurance coverage equal to one year's base wage/salary up to a maximum of $50,000. Beneficiaries are those designated by the employee or the same as designated in the Employee-Paid Life Insurance program. If no beneficiary has been designated, payment will be made to the survivors in the first surviving class that follows: spouse, children, parents, or brothers or sisters. If no one survives, payment will be made to the estate.

Retiree - Over 65 Life Insurance Plan

Applies to: Regular full-time faculty, academic and University support staff who were insured under the Employee-Paid Life plan prior to July 1, 1976, and have maintained continuous coverage in that plan.

Travel Accident Insurance Plan

The benefit is payable in the event of accidental death, dismemberment, or loss of sight due to an accident while traveling on university business or approved activity. This benefit provides coverage up to a maximum amount of $50,000.