Provider
Minnesota Life Insurance Company
Contact Information
Eligibility
Benefits-eligible employees
Coverage
Insured for twice the employee's annual wage, with a minimum of $30,000 and a maximum of $100,000 coverage. Please note that state-sponsored group term life insurance coverage over $50,000 is subject to imputed tax under the Internal Revenue Service Code Section 79.
Cost
The premium is 20 cents per $1,000 of coverage per month (10 cents per semi-monthly). The employee pays one half of the premium and the university pays the other half of the premium.