Life Insurance Plans

Prudential Insurance Company of America has been selected as the University’s Life, Long Term Disability and Accidental Death and Dismemberment vendor. Prudential Insurance Company of America is an A-Rated Insurance company that offers the most competitive pricing and enhanced benefits.

BASIC LIFE INSURANCE

Tufts University provides Basic Life Insurance for all benefit eligible employees through Prudential. This benefit is paid for by the University. The amount of coverage is equal to one times your basic annual earnings, rounded to the next highest $1,000, with a maximum of $1,000,000.

SUPPLEMENTAL LIFE INSURANCE

The Supplemental Life Insurance program through Prudential offers you the opportunity to purchase additional life insurance coverage up to five (5) times your annual base salary or a $2,000,000 maximum. Amounts in excess of the lesser of 3 times your annual base salary or $750,000 require a Statement of Health.

  • As a new employee, you can elect the lesser of 3X basic annual earnings or $750,000 of coverage without a Statement of Health. You may also elect 4X or 5X basic annual earnings with the submission of a Statement of Health Form directly to Prudential.

Prudential has a streamlined approach to making decisions regarding Statement of Health applications. Once the Benefits Office has received approval from Prudential, payroll deductions will begin retroactive to your hire date.

AGE*

RATE PER $1,000 OF
BENEFITS PER MONTH

Under 25
$0.038
25-29
$0.038
30-34
$0.057
35-39
$0.066
40-44
$0.085
45-49
$0.120
50-54
$0.190
55-59
$0.360
60-64
$0.430
65-69
$0.670
70-74
$1.320
75-79
$2.100
80 & Over
$2.920
Cost Example:
Employee Age = 36 Annual Salary = $40,000
$40,000/$1,000 x $.066 = $2.64/month or $31.68/year.

*The premium for this plan is based upon your age as of the end of each pay period. As a result, your deduction amount may change after your next birthday.

DEPENDENT LIFE INSURANCE

The Dependent Life Insurance program through Prudential offers you the opportunity to purchase life insurance coverage for eligible family members.

Eligible family members include:

  • Your legal spouse
  • Qualified same sex domestic partner
  • A child is defined as an Employee’s child(ren) who is at least 15 days old, but less than 19 and is supported by the Employee. A child is also defined as such if the child is over age 19, but less than age 26, unmarried, is supported by the Employee and is claimed by the Employee as a Federal Tax Dependent.
  • Your unmarried dependent child(ren) who is mentally or physically disabled, who cannot hold a self-supporting job due to a handicap.

Prudential has a streamlined approach for making decisions regarding Statement of Health applications. Once the Benefits Office has received approval from Prudential, payroll deductions will begin retroactive to your hire date.

ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE (AD&D)

The AD&D program offered through Prudential offers you the opportunity to elect coverage levels from one (1) to five (5) times your basic annual earnings, rounded to the next $1,000. Benefits are payable in the event of accidental loss of sight, life, speech, limb, hearing, etc. The maximum allowed benefit is $1,000,000.

Coverage is available without a Statement of Health.