Human Resources

Human Resources

Home > Benefits > Life Insurance

Life Insurance

Skip to:    • Supplemental Life    • Enroll    • File a Claim    • Beneficiaries     • Funeral Discount     • Contact MetLife

VUMC provides a Basic Life insurance policy equal to your annual base benefits rate* (up to a maximum of $500,000).

If you are a full-time, exempt faculty or staff member (paid monthly), your insurance begins on your hire date. If you are a full-time, non-exempt staff member (paid weekly or bi-weekly), your insurance begins 90 days after your hire date.

Dependent coverage (spouse, $5,000; children, $2,500) is also included in Basic Life coverage. Children are eligible up to age 19, or age 23, if full-time students, and not in the military. Dependent coverage cannot be increased.

All benefits-eligible employees have access to MetLife's online will preparation service.

For full benefit details, see the Life and Accidental Death & Dismemberment Summary Plan Description

Supplemental Life

You may choose to enroll in Supplemental Life coverage of 1, 2, or 3 times your annual base benefits rate up to an overall maximum - Basic Life plus Supplemental Life - of $1,000,000.

  • If you elect Supplemental Life coverage as a new VUMC employee within your new employee enrollment period, there is no medical review required for coverage that does not exceed $500,000.
  • If you are past your new employee enrollment period, or coverage will exceed $500,000, you must complete the MetLife Statement of Health form (located in My VUMC Benefits) to add Supplemental Life coverage (see examples below).

You pay the premium for Supplemental Life coverage. Premiums are based on your age and annual base benefits rate. To find the rate for your Supplemental Life coverage, see the Benefits Overview 2017 for Faculty and Staff (VUnetID required). The rates will also be displayed for you as you complete your enrollment in My VUMC Benefits.

Example 1:

Employee Joe’s Annual Base Benefits Rate (ABBR) = $75,000

  • As a new hire, Joe can elect to have up to 3x ABBR in Supplemental Life insurance (without an approved application) in addition to the Basic Life VUMC provides.

Joe would have:
$75,000 (Basic) + $225,000 (Supplemental) = $300,000 (total)

  • If Joe did not elect 3x Supplemental Life coverage within his new employee enrollment period and wanted to add it later, he would need to complete the MetLife Statement of Health (SOH). The SOH would be submitted to MetLife for approval. The new coverage is effective only if approved by MetLife and is not retroactive.

Example 2:

Employee Mary’s ABBR = $280,000

  • As a new hire, Mary can elect to have up to $220,000 in Supplemental Life insurance (without an approved application) in addition to the Basic Life VUMC provides.

Mary would have:
$280,000 (Basic) + $220,000 (Supplemental) = $500,000 (total)

  • If Mary wants to exceed the $500,000 maximum allowed without approval, she would need to complete the MetLife Statement of Health (SOH). The SOH would be submitted to MetLife for approval. The coverage is effective only if approved by MetLife and is not retroactive.

Will Preparation

If you enroll in supplemental life insurance, you can take advantage of MetLife's will preparation service, which also includes living will and power of attorney preparation services.

How to Enroll

You will be automatically enrolled in the basic life insurance plan when you become eligible for the benefit.

  • If you are a full-time, exempt faculty or staff member (paid monthly), your life insurance begins on your hire date.
  • If you are a full-time, non-exempt staff member (paid weekly or bi-weekly), your life insurance begins 90 days after your hire date.

You can enroll in supplemental life insurance by electing the level of coverage you want in My VUMC Benefits within 30 days of your hire date.

How to Make Changes

You can make changes anytime. If you request an increase to your coverage, you must complete a Statement of Health and coverage is effective only if approved by MetLife and is not retroactive.

To change your life insurance coverage level:

  • Go to My VUMC Benefits.
  • Log in with your VUnetID and ePassword.
  • Under "My Life Changes" click on Change Supplemental Life Coverage
  • Read the explanation text on the Change Supplemental Life Coverage Event introductory page and then click Declare Event.
  • Enter today’s date and click Save. Please note, coverage is not guaranteed; your current election for Supplemental Life Insurance will remain in effect until the requested amount is approved by MetLife.
  • Click the Enroll button to make your elections. Confirm and/or update your responses to the spouse/partner coverage fee and tobacco free credit in the "Before You Enroll" section, if necessary.
  • Make your elections for either 1 times, 2 times or 3 times your annual salary.
  • Designate/confirm your beneficiaries.
  • Print or email your confirmation for your records.
  • Complete the MetLife Statement of Health form. You have two options:
    • Complete the form online via MetLife's secure website (a link will appear on your confirmation statement at the end of your enrollment process)
    • Print, complete, and return the paper form to MetLife
  • This completes the Change Supplemental Life Coverage process. If approved by MetLife you will see the new deduction on the first paycheck of the next month after approval.

How to File a Claim

Contact the Employee Service Center to start the claim process. Also see information on the Death of a VUMC Employee page and Death of a Covered Dependent page. Please have this information ready when calling the Employee Service Center:

  • Name of deceased
  • Employee ID (if deceased if an employee) or SSN (if deceased is not an employee)
  • Date of birth
  • Date of death
  • Any known beneficiaries (not required)
  • Address (if different than the employee's)
  • Name and relationship of the person calling in (if not the employee)
  • Contact number for the person calling in

Beneficiaries

How to Designate or Update Your Beneficiaries

You can designate and/or update your beneficiaries at any time during the year. Any changes you make are effective immediately.

  1. Go to My VUMC Benefits.
  2. Log in with your VUnetID and ePassword.
  3. Go to the Home navigation link in the top horizontal navigation bar and then select My Beneficiaries from the dropdown menu.
  4. You will see your current beneficiaries. You can add a new beneficiary at any time. You also can assign allocation amounts for each beneficiary, for both primary and secondary (also called contingent).
    • To remove a beneficiary, change the percentage for that beneficiary to "0." Then allocate the percentage for the new beneficiary(ies) to equal 100%. Click Apply to All and then click Save.
    • To edit a beneficiary's name, click on that name and the "Edit Beneficiary" dialog box will open. Make your changes and click Save And Close. Then click Save on the page listing your beneficiaries. Note that the system may take a few minutes to display the change. To make changes to a beneficiary's birth date or Social Security number, contact the Employee Service Center.

 

Funeral Discount

Basic Life as well as Supplemental Life Insurance coverage includes funeral discount and planning services through Dignity Memorial. The discount applies to you, your spouse and your extended family (children, parents, grandparents and great-grandparents). Services include:

  • Discounts of up to 10 percent off funeral, cremation and cemetery services provided through a Dignity Memorial funeral home
  • Unlimited access to Dignity's comprehensive end-of-life planning tool and resource library
  • Professional funeral consultants to help your employees and their families make confident decisions
  • Planning services to help make final wishes easier to manage
  • Bereavement Travel Services to assist with time-sensitive travel arrangements to be with loved ones (when services are provided through a Dignity Memorial location)

To use the service, or to learn more, visit the MetLife website or call 1.866.853.0954.

Contact MetLife

MetLife administers the Life Insurance program.

MetLife
800.638.6420


* Find your annual base benefits rate by logging in to C2HR and clicking on the Job Information tab.


©