2023 Monthly Premiums and Coverage Levels
| Age as of January 1 | Benefit Amount | Premium |
|---|---|---|
| Under 35 | $33,000 | $0.74 |
| 35–39 | $28,000 | $0.96 |
| 40–44 | $25,000 | $1.20 |
| 45–49 | $18,000 | $1.50 |
| 50–54 | $15,000 | $1.80 |
| 55–59 | $13,000 | $2.86 |
| 60–64 | $12,000 | $3.26 |
| 65 and over | $7,000 | $2.26 |
The employer does not contribute to the premium.
Eligibility
The following requirements must be met to be eligible for this plan:
- Eligible for State Group Health Insurance
- Not receiving a Wisconsin Retirement System (WRS) annuity
- Newly eligible for benefits prior to November 1, 2023
There is no coverage available for family members.
Enrollment
The UW Employees, Inc. Life Insurance plan is no longer accepting enrollments from employees newly eligible for benefits or through Evidence of Insurability.
Note: Employees currently enrolled in the plan may cancel coverage at any time before December 31, 2024.
Additional Benefits
- If you are terminally ill with a life expectancy of 12 months or less, you may receive up to the full amount of your coverage prior to your death.
- Conversion to an individual policy at the end of employment.
You should review and update your Beneficiary Designation with each qualifying life event.
Forms
-
Conversion Application
Submit to Securian Financial Group.
-
Beneficiary Designation
Submit to Securian Financial Group.
-
Notice of Claim for Accelerated Benefit, F43307-UWEI
Submit to Securian Financial Group.
Publications
-
Plan Brochure
A summary of plan coverage.
-
Certificate of Insurance
Details of services that will and will not be covered.
- Life Insurance Comparison Chart