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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 System MetLife Group Term Life Insurance

This MetLife plan, through the UNC System, offers insurance coverage in multiples of your salary. This is a voluntary plan. The maximum coverage is eight times your salary, not to exceed $1,000,000. You can elect benefits of one to three times your annual salary, up to a maximum of $500,000 with no evidence of insurability (Statement of Health) as a newly hired employee. Spouse, Child and Domestic partner coverage are available through the UNC Group Term Life plan. Spouse coverage can be $10,000 or a multiple of $25,000 up to $250,000 and less than the employee coverage amount. Spouse coverage in excess of $50,000 requires evidence of insurability through a Statement of Health form. Child coverage is a flat amount of $10,000 for children up to age 26. Those employees enrolling after their 30-day new hire period must complete a Statement of Health for insurability.

Those who enroll in the plan will also receive Accidental Death & Dismemberment coverage for the employee coverage only. This coverage is paid out at the same level as the group term life coverage. As an example, if an employee has $120,000 in life coverage and dies in a car accident, the $120,000 is paid out in life insurance and $120,000 is paid out in accidental death coverage. If an employee dies of cancer, only the life insurance of $120,000 would pay out. View the UNCS MetLife Life Plan Summary

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 #228413.

Learn more about Will Preparation Services

The amount you pay depends on your selected plan level and who you cover. If you are paid one time per month, the full monthly rate is deducted from your paycheck. If you are paid every two weeks, one half of the monthly rate is deducted from the first two paychecks in the month. If there is a third bi-weekly paycheck in the month, the premium is not deducted. Spouse coverage rates are based on the employee’s age.

View the Premium Rates

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. Coverage elected after the 30-day new hire date requires a Statement of Health for evidence of insurability. 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.

Those enrolled in the UNC Group Term Life Insurance through MetLife will not receive an individual policy/certificate as this is a group plan. See the Certificate of Coverage for additional information. If enrolling a domestic partner in life insurance coverage, you will need to provide a Domestic Partner Affidavit.

Retirees from UNC Chapel Hill have new options for continuing coverage. A MetLife agent will reach out to retirees to offer these options for continued life insurance. You can review the MetLife Voluntary Retiree Life Plan here.

UNC Group Term Life Insurance enrollment is done by completing the MetLife Enrollment/Change form. Please return the form to OHR Benefits, 104 Airport Dr. Chapel Hill 27599 or via Campus Box 1045 or email to: benefits@unc.edu

NCFlex Group Term Life Insurance

The VOYA Financial policy pays a benefit to the beneficiary(ies) as a result of death while covered under the policy. This is strictly a term life insurance policy. There is no accumulated cash value. The monthly premium is based on age and the covered amount you elect from $20,000 up to $500,000. Medical questions may be required but as a new hire, you are guaranteed and issuance of $200,000.
The amount you pay depends on your selected plan level and who you cover. If you are paid one time per month, the full monthly rate is deducted from your pay check. If you are paid every two weeks, one half of the monthly rate is deducted from the first two paychecks in the month. If there is a third bi-weekly paycheck in the month, the premium is not deducted.

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.

NCFlex Group Life Insurance enrollment and changes are made through ConnectCarolina Self Service (Enroll or Change Benefits).