Do you have enough life insurance?

Proceeds of your policy can be an important tool in helping your family maintain its financial wellness

A heavily tatooed man is looking up and smiling at his young daughter sitting on his shoulders.


In addition to thinking about your health coverage during Annual Enrollment, it's important to take the time to consider your life insurance needs. Group term life insurance can protect your family's financial wellness and future from the unexpected loss of your life and income during your working years.

  • If you are a full-time benefits-eligible member of JHU's faculty or staff, $10,000 of basic life insurance is provided to you at no cost.
  • You may purchase additional coverage—up to eight times your annual base salary—to a maximum benefit of $3 million (basic and supplemental coverage combined).

Annual Enrollment is your opportunity to change your supplemental life insurance coverage, a change that you can make during the year only if you experience a qualifying life event. Take the time to consider how your family would be impacted financially from the loss of your income in the event of your death. While no one likes to think about loss of life, having enough insurance offers peace of mind.

If you are a newly hired faculty or staff member, you can elect up to four times your annual base salary without completing evidence of insurability, or EOI, unless the insurance amount is greater than $500,000. If you are not a new hire and are increasing your coverage by more than one level or to an amount greater than four times your annual base salary or $500,000, or electing supplemental life insurance coverage for the first time, EOI will be required.

If you want to know whether a specific medical condition would disqualify you, call Securian Financial at 800-872-2214.

Evaluate your needs

Need some guidance to find the life insurance amount that's right for you? Use Securian's online benefits decision tool, Benefit Scout, to learn more about your life insurance benefits. By answering a few simple questions, you can determine the coverage that meets your needs and budget. Visit for more information.

How life insurance benefits are taxed

Up to $50,000 of JHU-paid life insurance coverage may be provided as a tax-free benefit. However, the cost of any JHU-provided life insurance coverage greater than $50,000 will be reported on your W-2 form as part of your taxable income (this is called "imputed income"). For example, for $60,000 of life insurance, only the IRS imputed cost for $10,000 insurance ($60,000 minus $50,000) would be considered taxable income.

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