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:

• 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. 

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 elect one times your salary, if less than $500,000, without 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.