Life Insurance

Group Life Insurance

The University of Notre Dame provides a $25,000 group term life insurance policy to full-time faculty, administrators, and staff members, at no cost. This coverage is through Minnesota Life.

Optional Life Insurance

All eligible faculty, administrators, and staff members may elect additional life insurance coverage for greater protection through Minnesota Life. Optional life insurance is purchased in multiples of your annual salary, between 1 to 10 times. Life insurance premiums are deducted on a pretax basis for coverage in the amount of $50,000 or less. Optional life insurance elections over $50,000 or new options of more than a one-level change require that you complete an Evidence of Insurability (EOI) form. You will receive information on your approval or denial from Minnesota Life.

Dependent Life Insurance

All eligible faculty, administrators, and staff members may elect Dependent Life Insurance coverage for their dependent family members through Minnesota Life. If both husband and wife are eligible for insurance as a faculty, administrator, or staff member, they will be insured as employees only and either one, not both, may insure their child(ren).

There are two Dependent Life options:

Option 1 $10,000 for spouse and $2,000 for each child*
Option 2 $12,500 for spouse and $4,000 for each child*

*Children less than age 19 as well as any unmarried children between the ages of 19 and 25 who are full-time students and still considered a dependent.

Note: An Evidence of Insurability form is required for each dependent requesting coverage for the first time.

Special Rules for Reduction in Coverage

For faculty and staff who attain age 65 on or after January 1, 2006, the amount of the Supplemental Life and AD&D insurance shall be a percentage of the amount of your insurance as follows:

Amount of Insurance as a Percentage

Age of Employee Amount of Insurance as a Percentage of Amount Prior to Attaining Age 65*
65-69 65%
70-74 50%
75 and over 25%

*AD&D coverage stops at age 70.