JHU provides financial protection for you and your family in the event of an accident or death by offering life and accidental death and dismemberment coverage for you and your eligible dependents. Beginning in 2018, life insurance and AD&D insurance (currently known as personal accident insurance) will be offered by Securian Life Insurance Co.
Basic life and accidental death and dismemberment insurance
All full-time benefits-eligible employees receive basic life insurance coverage through Securian, paid entirely by the university. Faculty and staff receive $10,000 coverage; bargaining unit members, 100 percent of base salary.
Faculty and staff members also will receive $10,000 in university-paid AD&D insurance coverage, which pays a financial benefit to your beneficiary upon accidental death or a qualified dismemberment.
Other than the transition to Securian, life insurance coverage for bargaining unit members will not change for 2018.
Life insurance
Faculty and staff members may purchase life insurance coverage for themselves and their covered dependents in addition to the university-paid coverage. If you are currently enrolled in supplemental life insurance and dependent life insurance, your coverage will carry over to Securian at the same or lower rates. However, you may use Annual Enrollment as an opportunity to change your coverage amounts.
Supplemental life insurance coverage (faculty and staff)
If you are a faculty or staff member, you may purchase supplemental life insurance for yourself, paying the full cost of coverage over $10,000. The supplemental life insurance benefit coverage options available to you are $50,000, 150 percent of your base salary, 250 percent of your base salary, and 400 percent of your base salary.
You have the opportunity during Annual Enrollment to review your current supplemental life insurance coverage and make any changes without having to provide evidence of insurability (proof of good health), up to the guaranteed amount, which is the lesser of four times your annual salary or $500,000. If you do not make a new election, your current supplemental life insurance coverage will carry over at the same or lower rates.
Dependent life insurance coverage (faculty and staff)
Faculty and staff may purchase dependent life insurance for their spouse or domestic partner and dependent children. There are two coverage choices available to you: Option 1: spouse/domestic partner coverage, $4,000; dependent child coverage: $2,000 per dependent. Option 2: spouse/domestic partner coverage, $10,000; dependent child coverage, $5,000 per dependent.
If you are currently enrolled in dependent life insurance, your coverage will carry over to the following year. However, you may use Annual Enrollment as an opportunity to change your coverage amounts.
Supplemental life insurance coverage (bargaining unit members)
Bargaining unit members may purchase supplemental life insurance coverage of 200 percent of their base salary for themselves (with required evidence of insurability). You pay the full cost of coverage in excess of the university-provided coverage.
Dependent life insurance coverage (bargaining unit employees)
The university also provides dependent life insurance for the spouse or domestic partner and dependent children of bargaining unit members. The coverage options available to you are spouse/domestic partner coverage, $4,000; and dependent child coverage, $2,000 per dependent.
Accidental death and dismemberment insurance, currently known as personal accident insurance (faculty and staff only)
Accidental death and dismemberment insurance provides a benefit to you and your insured family members if you die or are injured as the result of an accident in the course of business or pleasure. As a full-time benefits-eligible faculty or staff member, you will receive $10,000 in university-paid AD&D coverage, which pays a financial benefit to your beneficiary upon accidental death or a qualified dismemberment. As with life insurance, additional AD&D insurance can be purchased for yourself and your eligible dependents.
During Annual Enrollment, you may elect additional AD&D insurance for yourself or your family, for which you pay the full cost. Note that your current personal accident insurance coverage will not carry over, so you must enroll during Annual Enrollment to have more than the university-provided $10,000 of employee AD&D insurance coverage effective Jan. 1, 2018. The coverage options available to you are $50,000, 150 percent of your base salary, 250 percent of your base salary, and 400 percent of your base salary.
If you choose AD&D insurance for yourself, you also can purchase coverage for your spouse or domestic partner and children. The benefit amount depends on which family members you cover and is structured as follows:
- Spouse/domestic partner and children: Your spouse/domestic partner would have 50 percent of your benefit amount, up to $250,000, and your children would have 15 percent of your benefit amount, up to $50,000.
- Spouse/domestic partner only: Your spouse/domestic partner would have 60 percent of your benefit amount, up to $250,000.
- Children only: Your children would have 20 percent of your benefit amount, up to $50,000.
Designate a beneficiary
With the transition to Securian, all employees should consider completing a new beneficiary designation form. You can update your beneficiary information when you enroll.
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