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Group Term Life Insurance

The University pays for a policy equal to one times your annual salary to a maximum of $100,000, which goes into effect three months following your date of hire. You are responsible for designating and updating your beneficiaries. Log onto portal.adp.com to make any beneficiary designation changes. 

Voluntary Employee Term Life Insurance

To provide added financial stability to your family's future, you may enroll in additional life insurance coverage for yourself, your spouse, and your child(ren).  This benefit is 100% employee paid and is open for enrollment throughout the year since deductions are made post tax.  Benefits are effective the first of the month following your date of hire.

Voluntary Term Life Options

Guaranteed Issue

Amount

Minimum Benefit Coverage

Maximum Benefit Coverage

Units

Limitations

Employee Life

$150,000

$20,000

$500,000

$10,000 increments, not to exceed 5 times salary

Benefits Reduce at age 70

Spouse Life

$50,000

$5,000

$100,000

$5,000 increments; but no more than 50% of employee’s coverage

Must be under age 70 and not a CU employee

Dependent Life

N/A

$2,000

$10,000

Choose a benefit in $2,000 increments up to $10,000 for all enrolled children

Must be at least 15 days old and less than 21 yrs unless in school full-time

Employee and spouse premiums are based on age, so refer to your new hire enrollment worksheet or portal.adp.com for personalized information.  Rates increase as you age.  Spouse coverage is limited to half of the employee’s election; if you elect $60,000 of coverage, your spouse could elect up to $30,000 of coverage.  You must elect coverage in order to elect spouse or dependent coverage.   If both spouses work for Creighton, dual coverage is NOT allowed (you cannot cover your spouse, and they cannot cover you).

Dependent Life Insurance

For dependents up to age 26 coverage ranges from $2,000 to $10,000.  Coverage is a flat amount and not based on the number of enrolled children, so you can cover one or more children for the same cost per pay period as if you only needed to cover one child. Underwriting is not required for dependents. 

Dependent Life

 

 

 

Maximum Coverage

Biweekly Cost Per Pay  Period

Monthly Cost Per Pay Period

$2,000

$4,000

$6,000

$8,000

$10,000

$0.09

$0.18

$0.27

$0.36

$0.45

$0.18

$0.36

$0.54

$0.72

$0.90

Designating a Beneficiary and Maintenance of Beneficiary Designations

Designating beneficiaries for Basic Life and Voluntary Life may be done on-line by logging onto portal.adp.com or by calling the CU Solution Center at 866-903-8216.  It is important to keep beneficiary information current.  You may change your beneficiary designations at any time.

How/when can I enroll?

You can enroll at any time by logging onto portal.adp.com, but enrollment after your initial new hire election period will require completion of an Evidence of Insurability and subsequent underwriting approval.

Reference Group # G000 20W8.

When can I change my elections?

Because this benefit uses after-tax deductions, you can enroll, increase, decrease, or cancel your coverage at any time.  After your initial new hire elections, to enroll or increase coverage you would require approval after completing an Evidence of Insurability.  You may increase coverage in multiples of $10,000, not to exceed five times your annual salary.  The additional insurance coverage will not go in effect until the insurance company has approved the additional coverage.  

If you have a qualifying status change or you transfer into a benefit eligible position, you may elect coverage for those newly eligible dependents or yourself within 31 days of the event.  Documentation may be required for newly eligible dependents.  In addition, if a dependent no longer qualifies, you must access portal.adp.com and de-enroll that dependent from coverage within 31 days of the event. 

What would cause this benefit coverage to end?

Coverage will end:

  • When you transfer to a non benefit-eligible position, terminate employment or retire
  • When your dependent no longer meets eligibility requirements
  • When you de-enroll yourself and eligible dependents on-line, as you no longer  need the coverage

Termination of Employment

You may continue coverage after you leave Creighton under the conversion/portability provision of the plan.  You will not be required to provide medical evidence of insurability.  Application and payments are made directly to United of Omaha Insurance Company.   The conversion and portability forms are located below.  Application for continuation of coverage must be mailed within 31 days of your last day worked at Creighton University.

Conversion Form(PDF)
Portability Form(PDF)

Life Insurance Summary Plan Descriptions and Forms

Group Life Insurance SPD (PDF)

Group Life Insurance Certificate Summary (PDF)

Voluntary Group Life Insurance SPD (PDF)

Voluntary Group Life Certificate Summary (PDF)

Evidence of Insurability Form (PDF) - reference Group # G000 20W8

Online Evidence of Insurability Form- reference Group # G000 20W8