Group Life Insurance
The University offers a choice of group term life insurance programs. Both programs offer the flexibility to change your level of coverage as your needs change. Coverage is available for you and eligible dependents.
UNC Group Term Life Insurance
If you enroll you and your spouse/domestic partner, you may take advantage of a free Will Preparation Service. Employees can call Hyatt Legal (800-821-6400) for information and assistance in locating a participating attorney. Please provide Group Access #102056.
If you are under age 65 on your effective date of insurance, the amounts of your Supplemental Life
Insurance on and after age 65 will be determined by applying the appropriate percentage from the
following table to the amount of your insurance in effect on the day before your 65th birthday and
rounding that amount to the next higher increment of $1,000 unless already an increment of $1,000.
Age of Employee Percentage
|Age of Employee||Percentage|
|65 but less than 70||65%|
|70 or older||50%|
Note: The above changes will take effect on January 1 following the date you attain the age
If you are a new-hire and enroll in the plan, benefits begin on the first day of the month following your event date. You have 30 calendar days starting from your date of hire to enroll and coverage begins on the first day of the month following your hire date.
You may elect coverage during the year by completing the MetLife Statement of Health Form and the MetLife enrollment/change form. If you lose eligibility for coverage, terminate employment or retire, your coverage will end on the last day of the month in which the event date occurs but you should review the MetLife Conversion and Portability informational sheet.
NCFlex Group Term Life Insurance
If you are a new-hire or become eligible for coverage due to a qualifying life event and enroll in the plan, benefits begin on the first day of the month following your event date. You have 30 calendar days starting from your event date to enroll and coverage begins on the first day of the month following your event date.
The plan year is January through December. Your plan election is “locked in” for the entire calendar year and does not require re-enrollment during open enrollment. Your elected plan continues from year to year unless you decide to make changes.
If you experience a qualifying life event during the year, you may add or drop dependents but you may not change the benefit plan level. You may change your plan level and drop/add dependents during open enrollment and the changes become effective on January 1.
If you lose eligibility for coverage, terminate employment or retire, your coverage will end on the last day of the month in which the event date occurs.