Spousal Voluntary Life Insurance

Life Insurance for Your Spouse or Same-Sex Civil Union or Domestic Partner

Effective January 1, 2010, faculty and staff enrolled in the Supplemental Life Insurance Plan can elect to participate in our Spousal Voluntary Life Insurance Plan. 
 
You can choose to cover your spouse or same-sex civil union or domestic partner at $10,000, $25,000 or $50,000 in spousal life insurance. If the amount elected for your spousal life insurance exceeds the amount of your supplemental life insurance, the spousal life insurance will be incrementally decreased. For example, if the value of your supplemental life insurance is $40,000, the highest value you may elect for spousal life insurance is $25,000.
 
You are eligible to enroll on your first day of appointment or hire. Coverage becomes effective the first day of the month coincident with or next following the date you elect the coverage.  You have the opportunity to elect spousal or same-sex civil union or domestic partner life insurance at any time during the year. However, you will be required to complete and submit an EOI (Evidence of Insurability) form for your spouse or same-sex civil union or domestic partner to Prudential. Prudential may require you to  provide additional information and will determine whether additional coverage is approved.
 
The cost of the spousal life insurance is based upon the spouse or same-sex civil union or domestic partner’s date of birth, and utilizes the same rates as charged for supplemental life insurance. The monthly rates are listed in the table below: 

Spousal or Same-Sex Civil Union or Domestic Partner Voluntary Life Insurance Rates

Age Range
Rate per Thousand
Age Range
Rate per Thousand
<30
$0.047
50-54
$0.164
30-34
$0.058
55-59
$0.304
35-39
$0.070
60-64
$0.456
40-44
$0.082
65-69
$0.888
45-49
$0.105
70+
$1.438

If both spouses or same-sex civil union or domestic partners are benefits-eligible employees of Princeton University and covered under the supplemental life insurance plan, then you are not eligible for spousal voluntary life insurance. According to Prudential’s standard practice, you are covered as either an employee or a dependent, but not both. If, at the time of a claim, duplicate coverage exists, Prudential would pay only one benefit. 

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.