Skip to main content

Skip to Content Report an accessibility problem ASU Home My ASU Colleges and Schools Sign In
Arizona State University Arizona State University
Business and Finance
Business

Budget

Annual Operating Budget Benchmarking Budgeting and Planning System Legislative Budget Request Planning and Budget Calendar Planning and Budget Org chart

Business Center

Accounting support Job posting request Personnel management support

Financial

Accounting Capital Asset Management Financial Operations training Financial Services forms Reports Tax information

FMS

Department liaisons Reference materials

Payroll

Commitment Accounting Employment data management Student wage tax W-2 Guide Your W-2 Your paycheck

Do Business with ASU

Bid boards Purchasing construction

Procurement

Diversity and small business P-card Procurement guide Speaker Artist Performer agreements SunRISE Surplus Sustainable purchasing

SunMart

Construction and facilities purchasing Event rentals and catering Goods, equipment and supplies Professional services and consulting Technology Transportation leasing and rentals State of Arizona contracts

Travel

My ASU TRIP access Travel card International travel Department resources Traveler resources My ASU TRIP manual

U.S. Passport Office

News
CFO

Business and Finance leadership

COOP plan Org chart Research Park

FMS

Department liaisons Reference materials

HCM Innovation Project

News
Facilities

Construction

Architecture and design Campus and building information Capital programs Construction cameras Forms and permits Shutdowns and Outages

Grounds Services

Arboretum Bee awareness Biodiversity Campus Harvest Ground Services Volunteer Program

ISAAC Building Services

Alternate workspaces Guidelines and procedures

Requests for Service

Classroom Space Management Construction Inspection Request Custodial services Fleet Services Key and lock Services Moving Event Services Signs

Solar

Energy Conservation FAQs How Solar Works Solar in Construction Solar Maps

University Real Estate

News
Human Resources

Benefits

Employee healthcare Enrollment and Administration Family Resource Guide Financial security Holiday schedule Leaves of absence Retirement Workers' compensation

Diversity | Equity | Inclusion

Affirmative Action Plan EEO survey OEI training Workplace accommodations

Employee Assistance Office

Community services and referrals Counseling and consultations Employee wellness Flu shots Health Impact Program Screenings and classes

Flexible work arrangements

HR forms

Human Resources

Benefits partners Employee engagement survey HR on your campus HR reports OHR partners Organizational chart Separating from ASU

Managers

Background and fingerprinting HR Toolkit Job descriptions Leaves management Performance management Phased retirement manager guide Recruitment

Professional Development

Career EDGE Employee recognition program Leadership programs President's Awards

Tuition reduction

Working at ASU

Careers at ASU Compensation Compensation estimator Employee discounts Form I-9 eligibility New employee orientation Vacation accrual Verification of employment Writing your resume News
Safety

Emergency information

Active Shooter training Behavioral Response Team Emergency Response guide LiveSafe mobile app Preparedness and planning

Employee health

Animal contact Automated External Defibrillators CPR and first aid classes Emergency Medical Services Employee health forms Medical surveillance N95 respirators and face covers Occupational health

Environmental Health and Safety

Chemical Environmental Management System Emergency Response Guide Laboratory and research Training Workplace and community safety

Incident Reporting

ASU Hotline

Insurance and Risk

Alcohol permits Insurance Minors on campus Unmanned aircraft systems Volunteers

Police

Active Shooter training All Campus Contacts Campus Crime | Clery Career Opportunities Forms and Records Safety and crime prevention ASU Police emergency processes

Safety

Driving for ASU Fire prevention and safety LiveSafe mobile app Safety Escort Service Safety for Students Self-report services

Training

IT Security Environmental Health and Safety Police safety and tips News
Services

Audit

Annual plan and process Charter Financial controls Hotline Records management

Communications and marketing

Project request form Writing and webpage style guide

Hospitality

Tonto Creek Camp University Club

ID Card

Hours and location Photo consent Photo upload

Mail and shipping

Courier Service Delivery and Mail Codes Department Mail Forms Mail processing Special Services

Organizational Performance Office

OPO Resources

Technology and Computers

Enterprise Technology Office Help requests IT security best practices Software and hardware News
Sustainability

Measurement and reporting

Honors and awards NACUBO SIRF Sustainability reports

Solar

Energy conservation How Solar Works Solar FAQs Solar in Construction Solar Maps

Sustainability Goals and vision

Circular resource system Climate positive Collaborative action Food reconnection Optimized water Personal action Resilience and regeneration

Sustainable Sun Devils

Zero Waste

Contacts and services Ditch the Dumpster Get involved Labels and Signs Recycle Recycle service request Reuse News
Transit

Bike

Bike registration Bike parking Bike roundup

Campus Shuttles

Polytechnic-Tempe route Tempe-Downtown Phoenix-West route Mercado route Tempe-West Express Track your shuttle

General parking information

Car rental and transportation services Contact and office information Parking regulations and rules Parking citations

Parking on campus

Accessible Parking Department and vendor parking Daily and hourly EV charging Motorist assistance

ParkMobile

Parking permits

Cross parking Polytechnic campus Tempe campus Downtown Phoenix campus West campus

Public transit

Transit passes

Transportation Account Login

Walk-only zones

Access management Scooter parking map Walk-only zones map News
ASU Home My ASU Colleges and Schools Sign in

Employee supplemental life and accidental death and dismemberment

Breadcrumb

  1. Home
  2. Benefits Guide | Financial Security
  3. Life insurance program
  4. Employee supplemental life and accidental death and dismemberment

You can elect additional term life insurance for yourself. Choose to participate in one or both pre-tax plans. You may elect coverage for one of the following options:

  1. Within 30 calendar days of your eligibility or hire date.
  2. If you have a qualifying life event.
  3. During the annual open enrollment period.

Employee supplemental life insurance premiums are based on your age on Jan. 1 each year and are deducted on a pre-tax basis. Therefore, the value—not the amount—of life coverage you have over $50,000 is taxable as determined by the IRS. Imputed income is the term the IRS applies to the value of any benefit or service that should be considered income for the purposes of calculating federal tax. Even though imputed income adds to your taxable wage base, the increase is normally offset by the benefit of having pre-tax deductions.

ASU Life - Supplemental life plan summary

ASU provides supplemental group term life insurance. You may elect this coverage in increments of one, two, three, four or five times your annual salary, rounded up to the next $1,000, not to exceed $1,250,000 million. Coverage over $500,000 and elections greater than three times require evidence of insurability, regardless of current coverage. This coverage includes both accidental death and dismemberment and retiree life benefits.

After your initial 30-day enrollment period, due to a qualifying life event or during open enrollment:

  • If enrolled, you may increase your coverage one level, if less than $500,000, without evidence of insurability; you may increase your coverage a second level with evidence of insurability.
  • If electing for the first time, you may choose coverage of one to five times your annual salary with evidence of insurability. 

ADOA Life - Supplemental life plan summary

The ADOA provides group term life insurance. You may elect this coverage in increments of $5,000, not to exceed three times your annual salary or $500,000, whichever is less. This coverage includes an accidental death and dismemberment benefit. Nonsmokers will receive an additional $1,000; eligibility is determined when a claim for death benefits is filed.

After your initial 30-day enrollment period, due to a qualifying life event or during open enrollment, you may elect or increase your coverage up to $20,000 maximum.

Imputed income 

Employee supplemental life insurance premiums are deducted on a pre-tax basis. Because of this, the value—not the amount—of life coverage you have over $50,000 is considered taxable income. This value amount is determined by the IRS.

Imputed income is the term the IRS applies to the value of any benefit or service that should be considered income for the purposes of calculating federal tax. Even though imputed income adds to your taxable wage base, the increase is normally offset by the benefit of having pre-tax deductions.

Supplemental — group term life  

ASU Supplemental Life 

ADOA Supplemental Life

Coverage options: One, two, three, four, or five times your annual base earnings, then rounded up to the next $1,000.

Coverage limits: $10,000 minimum; $1,250,000 million maximum.
Guaranteed issue amount: $500,000 without evidence of insurability. 

Age reductions: Age 70 to 74 reduction formula: Annual salary multiplied by coverage level rounded to the nearest $1,000 multiplied by .40. 

Age 75 plus reduction formula: Annual salary multiplied by coverage level rounded to the nearest $1,000 multiplied by .25. 

Reduced coverage is effective on the first day of the pay period in which the 70th or 75th birthday occurs.

Coverage options: Available in $5,000 increments.

Coverage limits: Three times your annual salary or $500,000, whichever is less.

Guaranteed issue amount: Same as coverage limits above.

 

Supplemental life premium cost per $1,000 of coverage 
ASU Supplemental Life ADOA Supplemental Life

Age

Rate per pay period

Age

Rate per pay period

24 and under 

25-29

30-34

35-39

40-44

45-49

50-54

55-59

60-64

65 plus

$.025

$.037

$.0392

$.043

$.052

$.0678

$.0936

$.1389

$.165

$.297

29 and under

30-34

35-39

40-44

45-49

50-54

55-59

60-64

65-69

70 plus

$.028

$.031

$.035

$.056

$.073

$.115

$.164

$.289

$.289

$.453

 

Supplemental life premium calculation example 
ASU Life Supplemental  ADOA Life Supplemental

How to determine your per pay period premium

  1. Use base annual earnings.
  2. Multiply by 1x, 2x, 3x, 4x or 5x.
  3. Round up the next highest $1,000.
  4. Divide by $1,000.
  5. Multiply by age-based rate.

Example: Age 53.

  1. Base annual earning is $99,800.
  2. Multiply by 2x equals $199,600.
  3. Round up to next highest $1,000 equal $200,000.
  4. Divide by $1,000 equal $200.
  5. Multiply by per pay period premium rate $.0936 equals $18.72 per pay period.

How to determine your per pay period premium

  1. Determine coverage amount — increments of $5,000.
  2. Divide by $1,000.
  3. Multiply by age-based rate.

Example: Age 53.

  1. Coverage option: $100,000.
  2. Divide by $1,000 equal $100.
  3. Multiply by premium rate $.114 equals $11.40 per pay period.

 

  • Printer-friendly version

Book traversal links for Employee supplemental life and accidental death and dismemberment

‹ Basic life insurance and accidental death and dismemberment Up Spouse and child dependent life insurance ›
ASU Business and Finance
NewsSite map
Page contact
Maps and Locations Jobs Directory Contact ASU My ASU
Number one in the U.S. for innovation. #1 ASU, #2 Stanford, #3 MIT. - U.S. News and World Report, 7 years, 2016-2022
Copyright and Trademark Accessibility Privacy Terms of Use Emergency COVID-19 Information

ASU websites use cookies to enhance user experience, analyze site usage, and assist with outreach and enrollment. By continuing to use this site, you are giving us your consent to do this. Learn more about cookies on ASU websites in our Privacy Statement.