Life Insurance

Two types of life insurance are available to full-time and eligible part-time Berklee employees: basic employee life insurance and voluntary supplemental life insurance.

Basic Employee Life Insurance Coverage

For full-time faculty and staff: Berklee provides basic life insurance coverage equal to your annual salary rounded up to the next thousand dollars. This amount does not include any compensation for summer employment. Accidental death and dismemberment coverage (AD&D) is included with this benefit. Berklee pays the entire cost of this life insurance and AD&D coverage.

For part-time eligible faculty and staff: Berklee provides basic life insurance coverage equal to $25,000. Accidental death and dismemberment coverage (AD&D) is included with this benefit. Berklee pays the entire cost of this life insurance and AD&D coverage.

Voluntary Supplemental Employee Coverage

Full-time faculty and staff have the option to purchase additional life insurance and AD&D coverage in amounts equal to one, two, or three times one's annual salary (up to $250,000 of optional supplemental coverage).

Part-time eligible faculty and staff have the option to purchase additional life insurance and AD&D coverage in $10,000 increments (up to $50,000 of optional supplemental coverage).

Voluntary Coverage for Spouse and Children

Faculty and staff members who purchase voluntary employee coverage may also purchase life insurance for their spouses and children and AD&D insurance for their spouses.

Cost of Voluntary Coverage

You pay the cost of optional coverage through post-tax payroll deductions. The cost of optional coverage is based on your age.

Download the Optional Supplemental Life Insurance Rates in effect through 12/13/16.

Voluntary Enrollment Deadline

The voluntary life insurance enrollment deadline for guaranteed enrollment is 30 days after your hire date (or eligbility date, if later). If you miss this date, you (or your spouse) may be required to take a physical examination at your expense and you might risk being turned down for coverage.

Voluntary Coverage Effective Date

Voluntary life insurance coverage becomes effective the first of the month following your hire date (or eligbility date, if later), or upon approval from the insurance company, if later.

Naming Your Beneficiary

Use the Life Insurance Beneficiary Change Form to name your beneficiary.

When Coverage Ends

All coverage ends on the date your employment (or eligibility) ends. You may continue coverage by converting some or all of your insurance to a policy that you own. You must complete the conversion process within 31 days of losing coverage. For more information, contact the insurance company, CIGNA, at 800 423-1282.

Loans and Your Berklee Life Insurance Coverage

Life insurance coverage from Berklee is "term" insurance. This means that the insurance has no cash value or investment component. As a result, you cannot borrow from your policy or pledge it as collateral.