Life Insurance
Life insurance is for the unexpected, so that you can have peace of mind that your family members or designee will receive funds in the event that something happens to you.
GEO Life Insurance
Grad employees now have FREE access to a $10K Basic Life Insurance plan, plus an additional $5K Supplemental Life Insurance plan, paid for by the Trust Fund.
Postdoc Life Insurance
Postdocs now have FREE access to a $20K Basic Life Insurance plan, plus an additional $5K Supplemental Life Insurance plan, paid for by the Trust Fund.​
Standard FREE Basic Plan & FREE Supplemental Plan
Eligible grad student employees will receive a $10,000 individual basic life insurance and accidental death & dismemberment policy, as well as an additional $5,000 policy, at no cost when they apply for Trust Fund benefits.
Eligible postdocs will receive a $20,000 individual basic life insurance and accidental death & dismemberment policy at no cost, as well as an additional $5,000 policy, when they apply for Trust Fund Benefits.
For any policy amounts above the maximum or for dependents, you can purchase additional MetLife supplemental life insurance at affordable group rates for yourself, spouse/domestic partner & children.
If you do not want this policy, you can opt out as part of the regular benefits application.
To Apply:
Complete the regular benefits application and make sure the life insurance option is checked on your application. Our system will then prompt you to complete a beneficiary assignment form.
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If we do not receive a beneficiary form from you, there is a legal sequence of legal spouse, kids, parents, siblings, estate. This sequence would be followed if no beneficiary is designated or if the designated beneficiary is not alive at the time of a claim.
If you want extra coverage above & beyond the FREE policies, you can elect Additional Supplementary Coverage:
This purchased policy would be over and above the $10,000 or $20,000 life insurance and AD&D policy provided to eligible grad student employees and postdocs.
To Apply:
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Complete the benefits application and in the life insurance section, choose your coverage preferences.
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The statement of health form is ONLY required for those applying for more than $100,000 of coverage. The completed form should be mailed or faxed to New York Life per the instructions on the form.
How to calculate your Additional Supplementary Coverage cost:
The first chart is for adding additional supplemental coverage for yourself, and the second chart is for adding additional coverage for your spouse.
​Step 1: Find the appropriate cost for employee and/or dependents below.
Step 2: Take the coverage amount you choose and divide it by 1,000 to get the number of units.
Step 3: Multiply the rate by your desired coverage amount in units.
Step 4: The result is the Monthly cost.
Supplemental Rates by Age Band per $1000 of coverage per month
When You Leave UMass
When you cease to be eligible for benefits, New York Life will reach out to you with portability information.