Human Resource Services

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The 2022 Benefits Open Enrollment period is Monday, November 1 through Tuesday, November 30, 2021. For more information and to enroll in a 2022 FSA please visit the Open Enrollment website.

Any enrollment changes you make will take effect January 1, 2022.

  • My Benefits | Life Insurance Benefits

My Benefits | Life Insurance Benefits

Life Insurance Benefits

Administered By Principal Life Insurance Company

Life Insurance Page Navigation

  1. University-Sponsored Life Insurance
  2. Voluntary Term Life Insurance
  3. Benefit Enrollment

1. University-Sponsored Group Term Life Insurance

A life insurance plan for active UNI employees where upon death, assets will be paid to a designated beneficiary. Principal Financial Group is the insurer of our university-sponsored life insurance plan. For more information about this benefit you may visit the UNI Principal Portal.

Non-temporary Employee Eligibility

  • Must work at least half-time (20 hours per week) or more.
  • Must be appointed for nine (9) months or more.
  • Participation is automatic and is effective the first day of work.

Coverage

Life insurance coverage amounts are based on the employee’s University fringe benefits salary and rounded to the nearest $1,000 using general rounding rules.

Benefit Starts
Life EventStarts
New HireFirst day of work.
Qualifying Employment EventEffective the first of the month after the employment event.
Benefit Ends
Life EventEnds
No Longer EligibleEnds the day after you are no longer eligible for the benefit.
Separation of EmploymentEnds the day after your last day worked.
Benefit Coverage 
Employee TypeCoverage Amount
Faculty1.5 times your University fringe benefits salary to a maximum of $250,000
Merit AFSCME and Merit Confidential2 times your University fringe benefits salary to a maximum of $124,000
Academic Administrators, Institutional Officials, Merit Supervisory, and P&S1.5 times your University fringe benefits salary to a maximum of $250,000

University-Sponsored Group Term Life Insurance Premiums

Premiums for the university-sponsored group term life insurance, including accidental death and dismemberment, are paid by the University of Northern Iowa.

Accelerated Benefits

If conditions for an accelerated benefit are met, the employee may qualify to receive a portion of their life insurance benefit prior to death. For more information, please review the Coverage Manual for your employee group.

Taxable Life Insurance/Imputed Income

  • Per IRS regulations, any life insurance coverage amount greater than $50,000 will be taxable to the employee and will be subject to Medicare and Social Security taxes. This amount is reflected as "Txbl Life Ins" on the employee’s UNI payslip each month.
  • To view the calculation formula and rates visit page 14 of the IRS Publication 15-B.

UNI Principal Life Insurance Portal

Overviews, insurance rates, and portability information about UNI's supplemental Life Insurance provided by Principal Life Insurance Company.

Access: UNI Principal Life Insurance Portal

Coverage Manuals

Detailed life insurance plan information for each UNI employment group.

Beneficiary Information

  • Once eligible, employees will need to access the Benefits Self-Service System and complete the beneficiary enrollment. Benefits will be paid to the beneficiaries on file upon your death.
  • If the listed beneficiary is not living at the time of the employee’s death, benefits will be paid to the employee’s estate, spouse, child(ren), parent(s), or other persons in the Group Policy.
  • Employees can update their beneficiary information at any time.

Continuation of Benefits After Employment Has Ended

You have the option of porting or converting your group term life insurance coverage to an individual policy. For an application and rates please visit principal.com/uni or contact Principal directly.

For questions on Portability: 800-986-3343 x76398.

For questions on Conversion: 800-986-3343 x79994.

2. Voluntary Term Life (VTL)

This optional life and accidental death and dismemberment (AD&D) plan offers additional life insurance benefits for the employee, their spouse or domestic partner, and/or child/ren.

Non-temporary Employee Eligibility

  • Must work at least half-time (20 hours per week) or more.
  • Must be appointed for nine (9) months or more.

Coverage Limits

If you enroll within 30 days of your hire date:

  • Coverage is guaranteed and no medical information is required.

If enrolling in coverage during the annual open enrollment period:

  • Statement of health questionnaire will be required if electing an amount greater than $20,000, or increasing a current election by any amount greater than $20,000. Once approved, coverage begins on January 1.
VTL Benefit Starts
Life EventStarts
New HireEffective the first of the month after the employment event.
Qualifying Employment EventEffective the first of the month after the employment event.
VTL Benefit Ends
Life EventEnds
No Longer EligibleEnds the day after you are no longer eligible for the benefit.
Separation of EmploymentEnds the day after your last day worked.
Voluntary Waive of CoverageEffective the last day of the month in which the coverage was waived.
VTL Insurance Limits
Coverage LevelMinimumMaximum
Employee$10,000$300,000
Spouse/Domestic Partner$5,000$50,000**
Child Up to Age 26$10,000$10,000**

**Spouse/domestic partner and child coverage cannot exceed 100% of the employee's coverage.

Premiums

  • Premiums for VTL insurance are paid by the employee with after-tax dollars through monthly payroll deduction.
  • The premium for VTL includes accidental death and dismemberment insurance.
  • Premiums can be calculated for each coverage amount by viewing page four of the Group Voluntary Term Life Coverage document.

For more information on the premiums and coverage amounts, view the Benefits-At-A-Glance informational handout.

Shared Family Benefit Coverage

  • You and your spouse/domestic partner must both be employed in benefit eligible positions.
  • You and your spouse must elect at least $10,000 in coverage for yourselves.
  • You may each elect VTL Child coverage for any qualified dependents.
    • Each VTL Child policy would be $10,000, equating to a total of $20,000 on each child.
  • You are not eligible to elect spousal coverage for each other resulting in double VTL coverage.

VTL Insurance Age Reduction

Benefit reduces to 65% of the full benefit following at age 70 but less than age 75, and will further reduce to 50% of the full benefit at age 75.

When a Child Reaches Age 26

  • Benefits will end the last day of the month in which the child turns age 26.
  • A child may continue to be covered under the group policy after age 26 if you primarily support a dependent incapable of self-support as the result of a developmental or physical disability. To continue coverage, you will need to complete an Application to Continue Disabled Child and return to Human Resource Services. We will provide the application to Principal for their review and approval.
  • To end coverage log into Benefits Self-Service and choose the option I Want to Cancel My Voluntary Term Life Policy.

Ending Coverage

  • You may elect to not participate in the Voluntary Term Life insurance on a monthly basis through Benefits Self-Service by electing the option I Want to Cancel My Voluntary Term Life Policy.
  • Coverage will be cancelled the first of the next month.

Beneficiary Information

The beneficiary information will be the same for your Voluntary Term Life Insurance as your Group Term Life Insurance unless you designate differently.

  • To designate a separate beneficiary please contact hrs-benefits@uni.edu.
  • If the listed beneficiary is not living at the time of the employee’s death, benefits will be paid to the employee’s estate, spouse, child(ren), parent(s), or other persons in the Group Policy.
  • Employees can update their beneficiary information at any time.

Continuation of Benefits After Employment Has Ended

You have the option of porting or converting your voluntary term life insurance coverage to an individual policy. For an application and rates please visit principal.com/uni or contact Principal directly.

For questions on Portability: 800-986-3343 x76398.

For questions on Conversion: 800-986-3343 x79994.

3. Benefit Enrollment

Frequently Asked Questions

  1. 1Q: How do I change my beneficiary?

    Beneficiary changes can be made at any time by utilizing the Benefits Self-Service System.

  2. 2Q: Do I still have coverage if I am off work due to a disability?

    If you cease work for any reason, your insurance will normally terminate. However, if you cease active work because you are disabled, you might qualify to continue your Member Life Insurance. This continuation is called Coverage During Disability. Please contact the benefits office if you have any questions regarding this coverage.

  3. 3Q: Do I still have coverage if I need to take a leave from the university?

    The type of leave an employee is on depends on what coverage they are eligible to continue with. Please see our leaves web page for more information on specific benefits.

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