2022 Life Insurance
Life Insurance is provided by Unum.
Faculty and staff will be covered for $50,000 in University-paid life insurance. For members of the Teamsters’ Local 8 bargaining unit the University-paid life insurance benefit is $25,000. Members of the Penn State University Police Officers Association (PSUPOA) are covered by a University-paid group-term life insurance policy at $125,000.
If you are already enrolled in the voluntary age-graded life insurance plan, you have the ability to increase your coverage amount by 1 X your salary during Benefits Open Enrollment, up to a maximum of $1.5 million or 8 X your salary, whichever is less.
Dependent child coverage is available of either $5,000 or $10,000.
2022 Premiums
Contributions are calculated at per $1,000 of coverage.
| Age Range | BiWeekly | Monthly |
|---|---|---|
| Contributions (per $1,000 of coverage) | ||
| Less than 25 | $.0083 | $.018 |
| 25-29 | $.0102 | $.022 |
| 30-34 | $.0134 | $.029 |
| 35-39 | $.0152 | $.033 |
| 40-44 | $.0185 | $.040 |
| 45-49 | $.0268 | $.058 |
| 50-54 | $.0438 | $.095 |
| 55-59 | $.0725 | $.157 |
| 60-64 | $.1108 | $.240 |
| 65-69 | $.2137 | $.463 |
| 70 and above | $.3462 | $.750 |
| Age Range | BiWeekly | Monthly |
|---|---|---|
| Contributions (per $1,000 of coverage) | ||
| Less than 25 | $.009 | $.02 |
| 25-29 | $.011 | $.024 |
| 30-34 | $.015 | $.032 |
| 35-39 | $.0165 | $.036 |
| 40-44 | $.0205 | $.044 |
| 45-49 | $.0295 | $.064 |
| 50-54 | $.048 | $.104 |
| 55-59 | $.0795 | $.172 |
| 60-64 | $.122 | $.264 |
| 65-69 | $.2345 | $.508 |
| 70 and above | $.3805 | $.824 |
|
Coverage Amount |
Bi-Weekly |
Monthly |
|
$5,000 |
$.55 |
$1.20 |
|
$10,000 |
$1.10 |
$2.40 |