This Article, provided by Corebridge Financial (Formally AIG), one of the University’s 403b providers, will help you review your life insurance needs.

MSU offers a choice to ensure your life insurance coverage meets your family needs:

Term Life, Accidental death and dismemberment (AD&D), and Universal (whole) Life.

The university provides each full-time employee – faculty and staff – with basic term life insurance coverage.

• MOSERS eligible employees: This University paid benefit is the greater of your annual compensation rounded to the next Higher $1,000 or at least $50,000 of coverage if your salary is less than $50,000; up to a maximum amount of $300,000.
• CURP eligible employees: This University paid benefit is equal to the greater of 2 times your annual compensation plus $50,000 rounded to the next higher $1,000 or 3 times your annual compensation rounded to the higher $1,000 up to a maximum coverage of $300,000.

Additionally, the university provides each employee – faculty and staff – Accidental death and dismemberment (AD&D) coverage, in an amount equal to your basic term life insurance coverage amount.

Benefit-eligible employees may purchase additional, supplemental term life insurance or Universal life on themselves and dependents during open enrollment (Nov 1- Dec 1). *Additional coverage request may be subject to Evidence of Insurability review (EOI) and approval by the carrier.

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