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Life Insurance
Life insurance provides a payment to family or other
beneficiaries in the
event of death. UAMS offers three group, fully-insured
life plans
Basic Life Insurance
All benefit-eligible employees are automatically enrolled in Basic Life Insurance. There is no cost to you; this is a UAMS-paid benefit. It is a "term life" policy, the term being your UAMS employment. The benefit is 1 times your annualized salary, up to $50,000. This would be payable to your beneficiary in the event of your death.
Optional Life Insurance
Need more life insurance on yourself? You may purchase an additional 1, 2, 3 or 4 times your salary (up to a maximum of $500,000) by enrolling in Optional Life Insurance. Rates are based upon your age (see below).
Dependent Life Insurance
Need a policy on your family members? You may purchase life insurance on your spouse and dependent children by enrolling in Dependent Life Insurance. You are the automatic beneficiary in the event an eligible family member dies. You may choose $10,000, $15,000 or $20,000 coverage. Full amount is paid for spouse’s death, one-half for child’s death.
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Optional Life and Dependent Life coverage is guaranteed-issued if you enroll within your first 31 days of eligibility. Late enrollment is subject to “evidence of insurability” (i.e. medical screening) and approval by the carrier.
Contact Human Resources at 686-5650 if a death occurs in your family. Please provide a death certificate and we will take care of processing the death claim for you. Life planning, financial, and legal sources are available at no charge to beneficiaries – as part of our life insurance through Unum. A counselor can help you answer tough questions: What do I do with the will? Is it normal to experience this much grief? There’s so much paperwork, where do I begin? How do I pay the bills – which ones should I pay first? To speak to a counselor or for more information, call 1-800-422-5142. Or visit www.lifeworks.com (id = unum; password = support).
Additional Life Insurance Information & Forms
University of Arkansas for Medical Sciences
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