Life/AD&D

Employee-Paid
Voluntary Life Insurance

The Standard Life Insurance Company (The Standard) is the CSU’s life insurance carrier for employee-paid voluntary life insurance. The CSU offers voluntary life insurance to all eligible employees. Employees can purchase protection for themselves and eligible family members including spouse/ domestic partner and dependent children. Employee coverage ranges from a minimum of $10,000 to a maximum of $1,500,000. Coverage for an employee's spouse or domestic partner ranges from a minimum of $10,000 to a maximum of $750,000. Coverage for children can be purchased at $5,000, $10,000 and $20,000. Children must be insured for the same amount.

New employees may automatically qualify for a set amount of insurance coverage called Guarantee Issue. Under the Guarantee Issue provision, employees may apply for coverage up to $150,000 for themselves, $50,000 for their spouses/domestic partners and $20,000 for each child without answering medical questions (evidence of insurability). However, any amount, up to the maximum limits, may be chosen and would require evidence of insurability.

The Standard's voluntary life insurance plan also contains a number of enhanced coverage features including:

  1. Waiver of premium for disabled employees
  2. Portability
  3. Coverage not subject to reduction because of age, and
  4. Living death benefit.

Please refer to Standard's CSU specific website, Certificate of Coverage and/or appropriate CSU Technical Letter(s) for complete details on CSU Voluntary life insurance.


   

Content Contact:
Benefits Insider
(562) 951-4411
Technical Contact:
webmaster@calstate.edu

Last Updated: April 29, 2011


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