About the Plan
UNM offers Group Term Life and Additional Life Insurance to benefits-eligible retirees through The Hartford.
The amount of coverage available at age 65 is a fixed coverage amount. UNM contributes a percentage toward the total cost of premiums for Basic coverage. Additional Life insurance is 100% paid by the retiree.
If you are a retiree enrolled in UNM Basic Life insurance, your coverage level will default to $4,000 at age 65. If you are also enrolled in Additional Life coverage, the additional coverage will default to $6,000 for a total life insurance coverage of $10,000.
Spouse/Domestic Partner and child coverage purchased prior to retirement will terminate at the time of retirement. You may apply for a conversion of this coverage to an individual policy within 31 days of separation. For more information on this option, please contact The Hartford.
In order to retire with life insurance benefits from UNM, an employee must be enrolled in the life insurance benefit for one year leading up to retirement, and elect retiree life insurance during the retirement application process.
Change your Coverage with The Hartford
Review Coverage: Contact HR Benefits at 505.277.6947
Change Beneficiary: Contact HR Benefits at 505.277.6947 to request a Hartford Beneficiary Change Form.
Cancel Coverage: Please know that if you cancel coverage, you may never re-enroll. To cancel your life insurance coverage, complete the Pre-65 Decrease Coverage or Cancellation Form and fax it to Benefits at 505.277.2278 or deliver it to the HR Service Center at 1700 Lomas Blvd. NE, Suite 1400 of the John and June Perovich Business Center.