Life Insurance

Life Insurance

Life insurance can help bring financial peace of mind in the event of your passing. This means that there will be help paying for daily expenses, managing debt, paying for education, and more unexpected expenses.

If you are enrolled in a UVA retirement plan (VRS, ORP, or MCRP), if you are Housestaff, or a Postdoctoral Fellow, you already have basic life insurance coverage at no cost to you. Find out more about your specific plan details below, and the option to purchase additional coverage.

Life Insurance for VRS Members

VRS members are enrolled in the VRS Basic Group Life Insurance Program - administered by Securian - at no additional cost. If you would like additional life insurance (for yourself, your spouse, and dependents), you can purchase Optional Group Life Insurance.

Your insurance provider

Basic Group Life Insurance

Features include the following:

Optional Group Life Insurance

VRS members may also purchase additional life insurance directly with the vendor outside of Workday. The amount of coverage corresponds with the selected employee option. Learn more about levels of coverage and life insurance maximums.

Features include the following:

This link includes forms for enrollment, change, EOI, and beneficiary requests. 

Life Insurance for ORP and MCRP Members, Housestaff, and Postdoctoral Fellows

ORP and MCRP members, as well as Housestaff, are enrolled in Group Term Life Insurance with Accidental Death & Dismemberment through The Standard. ORP and MCRP members, as well as Housestaff, can secure additional life insurance (for themselves, their spouses, and dependents) by purchasing Supplemental Life with Accidental Death & Dismemberment.

Your insurance provider

If you have questions, contact The Standard at 800.843.7979.

The following resources have detailed information:

Group Term Life Insurance with Accidental Death and Dismemberment (AD&D)

Features include the following:

More about Basic Group Life Insurance for Academic Division employees

More about Basic Group Life Insurance for Medical Center team members and Housestaff

Optional Group Life Insurance

Salaried, benefits-eligible employees may purchase supplemental life insurance by enrolling in Workday. See additional information about this benefit below.

Features include the following:

Employee/Spouse Monthly Rate Variations and Age Reduction Schedule

29 and under

$0.063

n/a

30–34

$0.068

n/a

35–39

$0.075

n/a

40–44

$0.101

n/a

45–49

$0.147

n/a

50–54

$0.210

n/a

55–59

$0.318

n/a

60–64

$0.468

n/a

65–69

$0.797

65%

70–74

$0.797

50%

75 and up

$0.797

35%

Additional Resources

Learn More

Supplemental Life Insurance

Learn about supplemental life insurance for Medical Center Retirement Plan (MCRP) and Optional Retirement Plan (ORP) participants, and the option to increase supplemental life insurance without medical evidence of insurability only during Open Enrollment.

Frequently Asked Questions

What is EOI?

An EOI refers to an ‘Evidence of Insurability’ medical questionnaire that is required by insurance vendors in some instances. 

When can I elect optional group life insurance?

For VRS/ORP/MCRP members:

How do I update my beneficiaries?

VRS: To change your beneficiary, log in to your myVRS account to make updates. Should you need assistance, call 888.827.3847(select option 3 for myVRS online assistance).

ORP/MCRP: Follow the instructions in this job aid.

What happens to my life insurance if I leave UVA?

That depends.

If you are in the Virginia Retirement System (VRS) and have Basic Life insurance with Minnesota Life, your insurance continues after you retire at no cost to you if you meet both of the following requirements:

The insurance amount reduces by 25% annually starting January 1 following 12 months of retirement, and on every January 1, thereafter until coverage reaches 25% of its value at your retirement.

If you are eligible to retire but defer receipt of your annuity, reduction begins on January 1 following the first 12 months from the date you separate from service. At its fully reduced level, you will have approximately half of your preretirement compensation in life insurance.

If you retire due to disability, your life insurance also continues and does not begin to reduce until you reach age 65. Beginning January 1 of the first full year following the date you reach 65, your insurance begins to reduce at the rate of 25% annually until your coverage reaches 25% of its value at retirement.

If you took either a service or disability retirement before July 1, 2001, your basic group life insurance reduces 2% each month until it reaches 25% of its value at retirement.

Although accelerated death benefit and the right to voluntary irrevocable assignment continue into retirement, accidental death and dismemberment (AD&D) coverage ceases.

If you are a Medical Center employee or an Optional Retirement Plan (ORP) enrollee and enrolled in life insurance with The Standard, your retiree life insurance provides a death benefit of $10,000 payable to your designated beneficiaries upon your death. The death benefit amount stays level for the rest of your life. 

The Standard plan also allows you, at retirement or upon separation of service, to convert part or all of the basic and supplemental insurance you have as an active employee.

The Standard Options for your Life Insurance

When do dependents lose eligibility?

Dependents lost eligibility as follows:

Spouse:

Child:

Benefits

Contact Us

HR Solution Center

The Standard

Virginia Retirement System (VRS)

What is My Employee Type?

Workday Resources

Step-by-Step Assistance with Workday

Need help with Workday?

Benefit Wednesdays Continue at Medical Center

Interested in Working at UVA?