About the Plan
UNM offers Voluntary Group Term Life Insurance, up to certain maximums, to active benefits eligible employees through The Hartford.
- Basic Life insurance in the amount of up to one-time your annual earnings, up to a maximum of either $150,000 or $230,000 depending your Class level 1, 2, or 3 (See Basic Life Plan Highlights). UNM contributes toward your cost of the contribution of Basic Life insurance.
Supplemental Life, Spouse/Domestic Partner Life and Child Life insurance.
You must enroll in UNM Basic Life insurance in order for you and your dependents to be eligible for these coverages and may require you to complete ‘Evidence of Insurability’ for approval.
Supplemental Life, Spouse/Domestic Partner Life and Child Life insurance premiums are paid 100% by the employee.
- Employee Supplemental Life up to 5x your annual salary with a maximum benefit of $1,850,000
- Spouse/Domestic Partner Life in units of $10,000 up to a maximum of $100,000
- Child Life $10,000 per eligible child
Refer to Basic Life Plan Highlights for more information.
When and How to Enroll
First, verify your eligibility.
Next, you may take advantage of these three enrollment opportunities:
During Open Enrollment, complete the Open Enrollment Life, Disability, and AD&D Web Form available through LoboWeb to enroll or make changes.
Enroll or make changes by completing The Hartford Enrollment Form.
Submit your completed Form to Benefits & Employee Wellness via Secure Document Upload or fax to 505-277-2278 within 60 Calendar Days of your newly benefits-eligible position or your Qualifying Change in Status Event.
Note: If you separate from employment, termination of coverage will occur.
Choosing or Changing Beneficiaries
If you enroll in UNM’s life insurance, there is an important step to ensure you’re making the most of this important coverage – choosing or updating a beneficiary. A beneficiary is the person who will receive the proceeds of your life insurance should you pass away. You can choose anyone as your beneficiary and change your designation at any time. And when you add or change a beneficiary online, your designation becomes effective immediately.
Examples of when to consider your beneficiary designation(s) are marriage, birth or adoption of a child, or divorce.
Is Your Benefit Coverage Ending?
If your Life insurance coverage is ending and you would like to continue coverage under Portability and Conversion with The Hartford, you must return the completed Notice of Continuation form to The Hartford within 31 days after your group coverage terminates, or 15 days from the date the employer signs the form, whichever is later. (This period may be limited to 91 days after group coverage terminates.)