Voluntary Life Insurance
Basic and Supplemental (Voluntary) Life Insurance
Reliance is the administrator for Â̾ÞÈËÊÓƵ’s life insurance plans as of September 1, 2024.
The University provides basic life and accidental death and dismemberment (AD&D) insurance coverage equal to one times your base salary (up to $100,000) at no cost to you. In addition, you may purchase supplemental life insurance coverage at increments of one, two, or three times your base annual salary. The combined life insurance maximum for basic and supplemental life and AD&D insurance coverage is $750,000.
For active full-time employees, supplemental life insurance benefits reduce to 67% at age 70 and 50% at age 75.
Current Premium Rates for supplemental (voluntary) life coverage.
If you wish to enroll in supplemental and/or dependent life, please complete the Life Insurance Enrollment Form (PDF) and fax to the University Benefits office at (914) 989-8506, by November 26, 2024. No action is required for current enrollees unless you wish to change your election.
Evidence of Insurability (see Pages 3-5 of the Life Insurance Enrollment Form) is required when requesting an increase in your supplemental life insurance by more than one time above the current level or over the guaranteed issue amount ($400,000). Please fax the completed form to the University Benefits office at (914) 989-8506 (or email to benefits@pace.edu) by November 26, 2024. In this case, Reliance will advise the University Benefits office as to the approval status and the coverage effective date, if applicable.
Please Note: For those on an approved continuous leave (short-term disability, Workers’ Compensation, Family and Medical Leave, NY Paid Family Leave, or unpaid personal leave), if you enroll in or increase supplemental life insurance coverage during the Open Enrollment period and have not returned to work on or before January 1, 2025, your coverage will take effect on the first of the month following your return to work.
Beneficiary Designation
Although it is not necessary to complete a new Beneficiary Designation form (PDF) every year, you may update your beneficiary designation at any time during the plan year. Please return the completed form to benefits@pace.edu.
Dependent Life Insurance
You also have the opportunity to purchase supplemental life insurance to cover a spouse/registered domestic partner and/or eligible dependent children:
- Spouse/Domestic Partner - $10,000 benefit (reduces to 67% at age 70 and 50% at age 75)
- Dependent Children age 14 days to 19 years (23 if full-time student) - $5,000 benefit
The monthly cost for this coverage is $3.26/family unit or $1.63 per paycheck. The rate is the same if you are only covering a spouse/domestic partner or a spouse/domestic partner plus eligible dependent children. Please verify the dependents that you are currently covering under Dependent Life Insurance via your UKG Dashboard.
Reliance Travel Assistance (On Call)
Reliance Travel Assistance, On Call (PDF), which is a component of your basic life insurance coverage, provides emergency medical and travel services (PDF), as well as helpful pre-trip planning assistance, when traveling 100 miles or more away from home on University business or on vacation. The toll-free customer service center is available 24 hours a day, 365 days per year.
Reliance Travel Assistance also offers emergency transportation services and pre-trip planning services.
- In the U.S 1 (800) 456-3893
- Worldwide, collect (603) 328-1966
Benefits Disclaimer
The HR/Benefits website is intended only to provide information for the guidance of Â̾ÞÈËÊÓƵ employees. The writers of the content have exercised their best efforts to ensure accuracy of the information, but accuracy is not guaranteed. If there are any discrepancies between the information on the website, verbal representations and the Plan documents, the Plan documents will always govern. The information is subject to change from time to time, and the University reserves the right to change or terminate these Plans at any time. The information contained on the website is not intended to replace the plan documents, nor is the information in any way intended to imply a contract.