UNI’s term life insurance coverage is changing effective January 1. The new coverage amount for each eligible employee is determined by each individual's fringe benefit salary.
- For those who make less than $84,000, their coverage amount will be two (2) times their annual fringe benefits salary, up to a maximum of $126,000.
- For those who make more than $84,000, their coverage amount will be one and a half (1.5) times their annual fringe benefits salary, up to a maximum of $300,000.
This change provides a greater benefit amount for all eligible employees. Please remember to designate beneficiaries through Benefits Self-Service by choosing ‘My Beneficiaries’ when logging in.