Biblically Centered Education
Life Insurance Section 5.24 Dept: Human Resources Revised: April 16th, 2007

Life insurance, through the Unum, is available to all regular employees who work at least 30 hours per week, for at least 10 months of the year.

Basic life insurance is provided at no cost to the employee and is effective on the first day of the month, following enrollment by the employee.  The amount of life insurance coverage is equal to 1 year's salary, rounded to the next higher $1,000, plus $5,000.  Also included is accidental death and dismemberment coverage, which provides an additional 1 year's salary, rounded to the next higher $1,000, plus $5,000 in the event of death due to an accident.

The amount of Basic Life Insurance will be (1) reduced by 35% of the pre-age 70 amount at age 70, (2) further reduced by 50% of the pre-age 65 amount at age 75, and (3) will be terminated at retirement.

If an employee becomes disabled for more than six months, and are no longer able to work, coverage may be continued without payment of premiums. 

If an employee is determined to be terminally ill, with less than 12 months to live, an advance payment of 75% of their total life insurance benefit, up to $500,000, is provided.  This is called a Living Benefit.

Biola pays 100% of the life insurance premium.

Voluntary term life insurance is available at low group rates for employees who wish to increase their own coverage and/or insure their spouses and dependent children.  Guaranteed issue amounts are available during the employee's initial enrollment period only.  Thereafter, the employee can make changes to this optional coverage, only during the annual open enrollment period.

Biola University
13800 Biola Ave. La Mirada, CA 90639