Why life insurance matters
What is life insurance? |
Life insurance helps your loved ones meet financial obligations in the event of an
untimely death including, but not limited to, final expenses, student loans, mortgages,
caring for surviving spouse/children, etc.
女优合集 paid basic life insurance | Resource
All benefit-eligible employees are provided with $100,000 of basic life insurance.
This is provided at no cost to the employee. Additional life insurance is available
for purchase if benefit-eligible employees need additional coverage. This is called
"supplemental life insurance."
Note: since it is above the $50,000 threshold set by the IRS, there are tax implications. Review our basic life insurance webpage for more information.
Supplemental life insurance | Resource
All benefit-eligible employees can purchase additional life insurance. Supplemental
life insurance can be purchased to cover the employee, a spouse/FIP, and/or children.
There is a guaranteed issue amount where no medical information is necessary. Anything
over the guaranteed issue would require Evidence of Insurability (EOI).
General resources
Securian provides a tool - Benefit Scout - to help you determine how much life insurance you need. Answer a few questions about your family make-up, your debt, and your savings and retirement and a recommendation will be provided for you.
This applies only to the supplemental life insurance plans for employee and/or spouse/FIP. If purchasing over the guaranteed issue, and EOI must be completed in order to increase coverage.
- Learn about the guaranteed issue amounts (age limits apply)
- Complete an EOI
A beneficiary is highly recommended for both basic and supplemental life insurance. This helps ensure that the funds are going to the correct person(s). The spouse/FIP and Child coverages only allow for the employee to be the beneficiary. This cannot be changed.
This is provided to employees enrolled in basic and/or supplemental life.
This is provided to employees enrolled in basic and/or supplemental life.
Emailed via benefits newsletter on 1/20/2026, 2/3/2026, 2/17/2026.
Published in 女优合集 News on 1/23/2026.
Contact Benefits: (907) 450-8242 | ua-benefits@alaska.edu | schedule one-on-one time