Insurance

Life Insurance

EMPLOYEE LIFE: THE STANDARD (VOLUNTARY)

• Description: Term life and accidental death/dismemberment in an amount equal to two times the employee’s base
salary up to $1,000,000.

• Cost: $.176 per $1,000 of coverage. Shared cost between the University and the employee. The University
pays ½ of the premium up to $50,000 and the employee pays the balance.

• Effective date: Effective on the first day of the month following date of hire

DEPENDENT LIFE: THE STANDARD (VOLUNTARY)

• Description: Term life insurance for spouse and dependents to age 19 or 25 if full-time student

Option One: $25,000 for spouse; $10,000 for dependents
Option Two: $10,000 for spouse, $5,000 for dependents

• Cost: Employee pays full cost:

Option One: $5.80 monthly, $2.68 biweekly
Option Two: $2.40 monthly, $1.11 biweekly

• Effective date: Effective on the first day of the month following date of hire

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Have questions regarding your coverage or need help communicating with the insurance carrier?

Please contact our Benefit Advocates: Compass Health or Gallagher Benefits Services. 

Compass Health

Personal Health Pro
Sindhu Reddy
Sindhu.Reddy@compassphs.com        
800.513.1667  x 926

General Contact Information
answers@compassphs.com
800.513.1667

Gallagher Benefits Services

512.499.8005 / 800.492.8005
Austin.GBS.CustomerService@ajg.com
Fax: 512.233.0102


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Monday - Friday
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