Benefits: Insurance: Life Insurance
Accelerated Benefit
Basic Life Provisions
Beneficiary Information
Delay of Coverage
Filing Claims
Idaho-NCPERS
Life Insurance Policies
Proof of Good Health
Supplemental Life Provisions
Life Insurance Policies
For the financial protection of your family, the State offers a variety of life insurance plans:
- Basic Life, automatic for all eligible employees, their spouses, and their unmarried dependent children age 10 days to 23 years. The plan includes an Accidental Death & Dismemberment (AD&D) provision for employees only. The insurance carrier is Principal Life Insurance Company, the plan is administered by the State of Idaho, Office of Group Insurance.
- Supplemental Life, optional plan available to all eligible employees. The insurance carrier is Principal Life Insurance Company, the plan is administered by the State of Idaho, Office of Group Insurance.
- Idaho-NCPERS, optional plan only available to PERSI members. The insurance carrier is Prudential Financial, the plan is administered by Gallagher Benefit Administrators, Inc. through the National Council of Public Employee Retirement Systems.
Basic Life Provisions
If you die while enrolled, the plan will pay your full coverage amount to your beneficiary, (benefits are reduced for employees age 70 and older). Enrollment is automatic; however, you will need to designate beneficiaries. A Beneficiary Designation form can be picked up in Human Resources or printed at Forms.
Employee Basic Life Benefit, (paid to surviving beneficiary) |
Dependent Life Benefit, (paid to surviving employee) |
| 100% of annual salary (does not include overtime pay or bonuses). Minimum benefit: $20,000 | Spouse, $2,000 Dependent children, $1,000 each |
To determine the benefit, annual salary, (not including overtime pay or bonuses) is rounded up to the next $1,000 unless already a multiple of $1,000.
Accelerated Benefit
Terminally ill employees under age 70 may apply for an accelerated benefit. Under this benefit, employees may receive up to 50% of their Basic Life benefit amount while still living. The minimum benefit is $10,000, the maximum $100,000. The amount paid to beneficiaries will be reduced by the amount paid out as an accelerated benefit plus any associated interest charges.
Supplemental Life Provisions
If you elect Supplemental Life coverage, the plan will pay benefits in addition to any paid by the Basic Life plan including AD&D. Contact Human Resources at (208) 282-2517 or Email hr@isu.edu with questions regarding enrollment information. See also, monthly premiums.
Employee Supplemental Life Benefit, (paid to surviving beneficiary) |
Dependent Supplemental Life Benefit, (paid to surviving employee) |
| 100% of annual salary (does not include overtime pay or bonuses), rounded up to the next $1,000 | No benefit |
Idaho-NCPERS
This is a group decreasing term life insurance policy offered only to PERSI members. For a brochure outlining benefits and premiums, contact Human Resources at (208) 282-2517 or Email hr@isu.edu. New hire PERSI members can enroll in this policy within the first 60 days of employment. If employees do not enroll within the first 60 days of employment, enrollment must be during an annual open enrollment period, typically conducted during the fall.
Beneficiary Information
- Your beneficiary can be anyone you want*.
- You can have different beneficiaries for each plan in which you're enrolled.
- You can have more than one beneficiary per plan.
- You can change your beneficiary at any time simply by completing new forms.
- If you die without a beneficiary, the plan will pay the benefit to the first of these survivors: your spouse, your children, your parents, your siblings, your executor or administrators.
- If a spouse or child dies, you are the beneficiary.
*As residents of the State of Idaho, (a community property state), employees must have their spouse sign the beneficiary designation if someone other then the spouse is designated as the primary beneficiary.
Proof of Good Health
If you apply for Supplemental Life coverage more than 60 days after you start work, you will have to submit a Health Statement form to show proof of your good health. In some cases, the insurance company may require further evidence of insurability. Proof of good health will also be required if you ever drop Supplemental Life, but later want to re-enroll. Evidence of insurability is not required for Basic Life or for Idaho-NCPERS coverage.
Delay of Coverage - Basic Life
If you are not on active status the day life insurance coverage is supposed to begin, coverage will begin the day you return to work. For dependents who are hospitalized as coverage begins, Basic Life coverage begins when they're released from the hospital.
Filing Claims
Claims for life insurance benefits should be submitted as soon as possible after the loss, but no later than 12 months from the date of loss. Claim forms are available in Human Resources, (208) 282-2517.