Life Insurance and AD&D

All information presented on this page, including links to plan documents and descriptions, is specific to the plan year of July 1, 2016 - June 30, 2017.

Life insurance and accidental death and dismemberment (AD&D) insurance help provide financial protection in the event of your death or that of a spouse/domestic partner or dependent. Through Aetna Life Insurance, the University provides basic term life and accidental death and dismemberment coverage at no cost to you. Optional life insurance, AD&D coverage, and dependent term life insurance may also be purchased at attractive group rates.

Questions? Contact Aetna Life Insurance online or call 1-800-523-5065.

Basic Group Life and Accidental Death and Dismemberment (AD&D) Insurances

Pitt provides basic term life insurance and accidental death and dismemberment coverage (AD&D) equal to one times your salary up to $50,000.

Optional Coverage

Faculty and staff may purchase optional life insurance and AD&D coverage up to six times the base salary provided certain evidence of insurability requirements are met. Optional dependent life insurance is also available at attractive group rates.

Optional Life and Optional AD&D Insurance Calculator

Summary Guide:

  • Disclaimer: The scope and content reflect plan provisions. There is no intent to imply or confirm participation or amounts of insurance in effect for an individual who reads this communication.

Life Insurance Beneficiary Designations for Aetna

Visit the Aetna website to personally manage your beneficiary designations for Pitt group term coverage.

Life Insurance Beneficiary Management

You must designate a beneficiary (or beneficiaries) at the time you enroll in any of the coverages. Basic coverage is provided by the University through Aetna, and you may elect from optional programs of insurance sponsored by the University through Aetna. You need to complete only one Aetna Form.

Following initial enrollment, you may change a beneficiary designation at any time. Please check periodically to make sure your designation is current. To check or change your beneficiaries, call Aetna at 1-800-523-5065.  This will help to ensure that any claim in the event of your death is fulfilled according to your wishes. Personal life events typically require a review and perhaps an update to your beneficiary designations. Personal life events include, but are not limited to:

  • Birth of a child
  • Marriage
  • Divorce
  • Death

Aetna provides a wide range of "value added" services for University of Pittsburgh faculty, staff, and retirees. Listed on the following charts is a summary of these services. To review the full complement of services, visit their web site at: www.aetna.com/aetnalifeessentials

Support Through All Stages Of Life - Aetna Life EssentialsSM

 

Discounts and Services included in Aetna life insurance at no additional cost:

  While you're living
(caring for  yourself)
If you become ill
(caring support and resources)
After you're gone
(caring for your loved ones)
Financial Access to financial advice services Accelerated Death Benefit Financial Counseling
Legal Access to online legal services Access to in-person legal and estate planning Access to legal advice and estate planning
Emotional Access to funeral planning Access to end-of-life info Compassionate Care website and funeral planning Bereavement counseling and funeral planning
Physical Discount programs Care Advocacy  


Life Insurance Provisions for Loss of Coverage

Aetna's guide on portability and conversion will help you make the right choice for yourself and your family.

Plans Conversion Portability
Basic Life Yes Yes
Basic A&D Yes No
Optional Life Yes Yes
Optional A&D Yes No
Dependent Life Yes Yes 

If your employment ends, you can convert the full amount of coverage you had on the date your employment ended.

If your coverage is reduced due to retirement, you can convert the amount of coverage you are losing. (ex. $50,000 basic life - $15,000 retiree life = $35,000 to convert)

Customer Service for Conversion and Portability: Contact Conversion and Portability Customer Service at 1-877-503-3448 for information about the policy and procedures, as well as deadlines for making an election and premium payments.

Note: The application and payment of the first premium must be made within 31 days of the date the coverage ends through the University of Pittsburgh Group Policy.

*Note: For faculty on less than annual appointments, the amount for insurance benefits is automatically doubled January through April; the actual monthly amount is withheld September through December.