| QUESTIONS? |
CALL HR |
![]() |
![]() |
The university provides a $15,000 group term life insurance policy for faculty and staff.
You can purchase additional term insurance for yourself and for your family through payroll deduction.
You can choose to participate in one or both pre-tax plans to supplement your Basic Life Insurance:
After the initial offering in November 2009 or your eligibility date (whichever is later), annual increases at subsequent open enrollment are limited to one level, up to $500,000 without evidence of good health.
Annual increases at the next August open enrollment are limited to a maximum $20,000 with no underwriting (evidence of good health).
Employee Supplemental Life Insurance premiums are deducted on a pre-tax basis. Because of this, the value (not the amount) of life coverage you have over $50,000 is taxable. This value amount is determined by the IRS.
Imputed income is the term the IRS applies to the value of any benefit or service that should be considered income for the purposes of calculating federal tax. Even though imputed income adds to your taxable wage base, the increase is normally offset by the benefit of having pre-tax deductions.
You may purchase group term insurance for your covered dependents. See plan comparison for plan options and Arizona State statute limitations. You can choose to participate in one or both after-tax, plans: