Life Insurance

Accidental Death & Dismemberment & Business Travel Accident Insurance

Princeton provides insurance, at no cost to you, for Accidental Death and Dismemberment and Business Travel Accident Insurance. 

Accidental Death & Dismemberment Insurance

Under the Accidental Death and Dismemberment insurance plan, additional benefits are payable to the beneficiary of a faculty or staff member who dies in an accident or who sustains the loss of limb or eyesight.
 
The full death benefit equals one and one-half times the annual base salary of the insured to age 60. After age 60, the benefit reduction is the same as for the basic term life insurance. The maximum benefit payable is $500,000.
 
The insurance carrier for Princeton’s Basic Life Insurance and Accidental Death and Dismemberment Insurance Plan is the Prudential Life Insurance Company. 

Business Travel Accident Insurance

Should a faculty or staff member die as a result of an accident while on authorized University business, additional benefits are payable under the University’s Business Travel Accident Insurance Plan. The amount of business travel accident Insurance equals five times the basic annual earnings up to a maximum of $500,000. Under this plan, a reduction of benefits begins at age 60.  
 
The insurance carrier for Princeton’s Business Travel Accident Insurance Plan is the Hartford Accident and Indemnity Company. 
 
More information about what happens to your life insurance coverage when you retire or terminate is available on our website.
 
You can count on support from knowledgeable and responsive HR staff when you have a benefits question or problem. Just call or e-mail us. We’re here to help! 
 
While the University intends to continue each of the benefit plans, the University reserves the right to terminate or amend any plan, at any time, and for any reason.