Life Insurance
Protect Your Loved Ones
Northeastern provides you with a Basic Life Insurance Plan at no cost to you. You also have the option to purchase additional coverage for yourself, your spouse/domestic partner, or your child[ren]. The life insurance program is insured by Liberty Mutual.
Basic Life Insurance
The Basic Life Insurance Plan provides 2x your annual base salary up to a maximum of $500,000. This coverage is fully paid by the university. Enrollment is automatic, so be sure to designate a beneficiary. (Please note: An age reduction schedule applies after age 65.)
Supplemental Life Insurance
The Supplemental Life Insurance Program provides the opportunity to purchase – through convenient after-tax payroll deduction – optional life insurance for you and/or your eligible dependents. The three optional life insurance plans are Supplemental Employee, Spouse/Domedtic Partner and Child(ren) Insurance.
For further details, please refer to the more detailed Life Insurance Certificate of Coverage.
Supplemental Employee Life Insurance
The Supplemental Life Insurance Program allows you to purchase additional life insurance above the basic life insurance provided by Northeastern. You may purchase up to 4x your annual base salary up to a maximum of $500,000. (Please note: An age reduction schedule applies after age 65.) Your total life insurance coverage – basic and supplemental combined – will be limited to $1 million.
During the guarantee issue period, you may select 1x or 2x your base salary without a Statement of Health. If you are selecting any amount above 2x base salary, you must also complete the online Statement of Health with Liberty Mutual for approval. For instructions on completing the online Statement of Health, click here. Please refer to the age rate table below for the Supplemental Life Rates.
If you’re eligible and would like to enroll, use the online Benefits Navigator resource located on myNortheastern.
Spouse/Domestic Partner Life Insurance
The Optional Spouse/Domestic Partner Insurance will allow you to purchase between $25,000 and $100,000 in life insurance for your spouse/domestic partner. Elections can be made in increments of $25,000 and are limited to 100 percent of your basic and supplemental life insurance combined.
During the guarantee issue period, you may select $25,000 without a Statement of Health. Any amount above $25,000 will require evidence of insurability and a Statement of Health.
The rates for Optional Spouse/Domestic Partner Insurance are based on age and follow the same rate schedule as the employee Supplemental Life Insurance Program. Please refer to the age rate table below.
If you’re eligible and would like to enroll, use the online Benefits Navigator resource located on myNortheastern.
Age Reduction Schedule for Optional Life Insurance
At age 65, the value of your insurance policy will be reduced to 65 percent.
At age 70, the value of your insurance policy will be reduced to 50 percent.
Please contact the Benefits department for details or assistance with calculations.
Optional Child Life Insurance
Optional Child Life Insurance provides the opportunity to purchase $10,000 or $20,000 for each dependent child under age 26. Purchase of $10,000 or $20,000 can be made without a Statement of Health. The rates for the Optional Child Life Insurance are $1 per $10,000 per month. Please note that separate elections for each child is not necessary; one election will cover all eligible children. Benefits for infants under 6 months are limited to $1,000 in coverage. If you’re eligible and would like to enroll your child(ren), use the online Benefits Navigator resource located on myNortheastern.
Age Rated Table
The rates for both the Supplemental Employee and Optional Spouse/Domestic Partner Life Insurance are based on an age rated schedule and coverage amount. The rates will increase the first of each year following a salary increase and/or movement to a different age band.
Age |
Monthly Rate Per $1000 |
| Under 25 | .046 |
| 25-29 | .055 |
| 30-34 | .074 |
| 35-39 | .083 |
| 40-44 | .092 |
| 45-49 | .138 |
| 50-54 | .212 |
| 55-59 |
.396 |
| 60-64 | .607 |
| 65-69 | 1.168 |
| 70-74 | 1.895 |
| 75 and over | 1.895 |