10.45.3 Life Insurance and Long-Term Disability
Employees who are in regular positions of .5 FTE or more and enrolled in the MOSERS retirement system are eligible for basic life insurance coverage paid by the University at an annual salary amount or a minimum of $15,000, whichever is more. Additionally, employee, spouse and children optional life insurance is available at cost to the employee.
Long-Term Disability Insurance is paid by the University for employees enrolled in the MOSERS retirement system; this covers absences due to injuries and illnesses that are not job-related. The University provides disability insurance as a voluntary benefit to employees and any disability benefits received by the employee are taxable. The University’s long-term disability policy starts 90 days after the onset of illness or injury. The policy coverage is to cover 60% of the insured’s predisability income. This 60% will integrate where applicable with other income sources including social security awards and/or accrued leave. There is a maximum amount of $10,000 cumulative pay-out per month.
Academic faculty enrolled in the College and University Retirement Plan receive similar life insurance and long-term disability insurance coverage.
Long-Term Disability Insurance is paid by the University for employees enrolled in the MOSERS retirement system; this covers absences due to injuries and illnesses that are not job-related. The University provides disability insurance as a voluntary benefit to employees and any disability benefits received by the employee are taxable. The University’s long-term disability policy starts 90 days after the onset of illness or injury. The policy coverage is to cover 60% of the insured’s predisability income. This 60% will integrate where applicable with other income sources including social security awards and/or accrued leave. There is a maximum amount of $10,000 cumulative pay-out per month.
Academic faculty enrolled in the College and University Retirement Plan receive similar life insurance and long-term disability insurance coverage.
Effective Date
Approved by Board of Curators: January 15, 2026