8.25 – Supplemental Life Insurance/Voluntary Life Insurance

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Scope: NMSU System

Source: ARP Chapter 8 | HR-Benefits

Responsible Executive: Vice President Administration and Finance

Responsible Administrator:

Last Updated: 06/27/2016



Revision History:

2017 Recompilation, formerly Rule 7.15.30
06/27/2016 Change in Benefits approved by Board of Regents
06/21/2016 Change in Benefits approved by Chancellor
10/21/2015 Policy 7.15.05 approved as initial Rule 7.15.05 approved by Board of Regents
06/20/2013 Amendment to policy 7.15.30 approved by Board of Regents


The university offers supplemental voluntary life insurance for all eligible employees.  Effective July 1, 2016, eligible employees are defined as those employees working at least .75 FTE in a regular, nine-month, or term appointment position.  Optional dependent coverage is also available to eligible employees.  Nine -month regular employees will receive full benefits, except for unemployment compensation, during the off employment period provided they return to employment the following academic year.  Eligible employees also include any employee continuously enrolled in this benefit from June 30, 2016.

Employees working in a position less than a .75 FTE; temporary employees; graduate assistants; other student employees; and Cooperative Extension Service employees with federal appointments are not eligible to participate in the group policy.



Coverage is optional and is available from the date of eligible employment.  Coverage is effective the first pay period after 30 days of employment. Coverage may begin on the first or sixteenth day of the month. Employees must complete and return an enrollment form to the Office of Human Resource Services department within 31 calendar days of their date of employment to receive this benefit without late enrollment provisions. Enrollment in the Voluntary Accidental Death and Dismemberment Insurance plan is required to participate in this benefit.

If enrollment is within the first 31 calendar days of eligible employment, employees may receive guaranteed issue for coverage up to established limits. For coverage amounts over the guaranteed issue or enrollment forms received after 31 calendar days of eligible employment; evidence of insurability is required.  The insurance carrier will determine if the employee, spouse and/or dependent child(ren) are approved for amounts of coverage requested.



Premium payments are made by payroll deduction.  Premium payments begin the pay period in which coverage begins. Note: A full fiscal year of premiums (July-June) will be deducted over 18 paychecks (August-May) for 9 month faculty/staff. The policy contains a waiver of premium provision which allows for waiver of premium payments during a period of disability without reduction of insurance coverage.



There is a conversion privilege which allows a retired/terminated employee to convert the group policy to an individual policy without medical examination.  Application must be made to the insurance carrier within 31 calendar days following the date of retirement or termination of employment.  Coverage ceases at midnight on the 15th day of the month if employment terminates between the 1st and 15th day of the month, provided the applicable premium for the pay period has been paid. If an employee terminates employment between the 16th and last day of the month, coverage ceases at midnight on the last day of the month, provided the applicable premium for the pay period has been paid.