Life and Accidental Death and Dismemberment (AD&D)
Boise State University offers financial protection through its life insurance benefits. The Principal Life Insurance Company is the insurance carrier and administrator. To help you better understand each benefit, the Office of Group Insurance created brief summary documents for each. You will find the links to these summary documents at the bottom of this page.
Basic Life and AD&D Insurance
The University automatically provides Basic Life Insurance coverage equal to one times your annual pay, with a minimum coverage of $20,000. This insurance also provides $10,000 of life insurance for your spouse, and $5,000 for each eligible dependent child. In the event of accidental death of the employee, a benefit of one times annual pay is paid in addition to the Basic Life benefit.
Voluntary Term Life Insurance
The State Office of Group Insurance offers a Voluntary Term Life Insurance Plan (VTL) for employees, spouses and children. All active benefits-eligible employees will have the opportunity to purchase coverage equal to one, two, or three times their annual earnings, with a minimum of $20,000 up to a maximum of $500,000. Employees electing the VTL for themselves will also have the opportunity to purchase spouse and child life insurance.
The cost of this term insurance is based on your age and amount of insurance and changes over time, according to this premium schedule. There is guaranteed acceptance for employees enrolling within 30 days from the date they become eligible. Employees may still apply for VTL after 30 days, but proof of good health is required.
NCPERS Life Insurance
(National Conference of Public Employees Retirement Systems)
Please note: Employees who elect this optional insurance MUST be enrolled in the PERSI retirement plan. It is not available to ORP (TIAA-CREF or VALIC) members.
The Public Employee Retirement System of Idaho (PERSI) contracts with Prudential for the NCPERS supplemental life insurance plan. This is decreasing term life insurance coverage for active PERSI members and their families, with a monthly premium of $16 paid through payroll deduction. The NCPERS benefit consists of an employee life and accident insurance combination that decreases in value as the employee ages. There is also coverage for spouses and dependent children.
Employees can enroll within 30 days of date employment begins or during the annual open enrollment period which is usually during October.
Member Benefits, Inc.
Find out more PERSI Public Employee Financial Protection Plan