Missouri State University

Life Insurance

Staff

Life insurance coverage is underwritten by Cigna Insurance Company and is available for the employee as well as the employee's spouse and children. The University provides each employee with basic term life insurance coverage equal to his/her annual salary or at least $50,000 of coverage if the employee's annual salary is less than $50,000. Accidental death and dismemberment (AD&D) coverage, in an amount equal to an employee's basic life insurance coverage amount, is also provided by the University.

Employees may purchase additional term life insurance on themselves (called supplemental life insurance) in increments of one, two, three, four, or five times the annual salary rounded to the next higher $1,000. The rates for this coverage are based on the employee's age. Employees may also purchase dependent life insurance coverage for their spouse and/or children. These optional life insurance coverages (i.e. supplemental and dependent) are paid through monthly payroll deductions.

Faculty

Life insurance coverage is underwritten by Cigna Insurance Company and is available for the faculty member as well as his/her spouse and children. The University provides each faculty member with basic term life insurance coverage equal to his/her annual salary or at least $50,000 of coverage if the annual salary is less than $50,000. For faculty members who are enrolled in the College and University Retirement Plan (CURP), the University provides an additional basic term life insurance amount which is equal to twice the faculty member’s annual salary. Accidental death and dismemberment (AD&D) coverage, in an amount equal to the employee’s basic term life insurance, is also provided by the University at no cost to the faculty member. For faculty members who are enrolled in the College and University Retirement Plan (CURP), the amount of AD&D coverage provided by the University, at no cost to the faculty member, includes the amount of additional basic term life insurance.

Faculty may purchase additional term life insurance on themselves, called supplemental life insurance. The rates for this coverage are based on the employee's age.  The optional life insurance coverages (i.e. supplemental and dependent) are paid through monthly payroll deductions.

  • Faculty who are members of the MOSERS retirement plan may purchase 1, 2, 3, 4, or 5 times their annual salary, rounded to the next higher $1,000, as supplemental life.
  • Faculty who are members of the CURP retirement plan may purchase 1, 2, or 3 times their annual salary, rounded to the next higher $1,000, as supplemental life.  The reason faculty in the CURP retirement plan may only purchase up to three times their annual salary as supplemental life insurance is because the University provides these faculty three times their annual salary as a basic coverage.