Your benefit package helps you prepare yourself and your family for the unexpected. As an employee of the University of Northern Iowa, you can purchase insurance at affordable group rates with convenient payroll deduction.
Life has its twists and turns, and the only thing you can really expect is the unexpected. That’s why being prepared for the future is important. While it’s not easy to think about what would happen to your family if you were gone, it doesn’t have to be complicated.
Here’s how life insurance works
Life insurance helps you put the people in your life first. If something were to happen to you, your life insurance proceeds would go to the people you’ve designated as your beneficiaries. Those funds can help them manage financial obligations, such as:
- Immediate expenses – funeral and medical bills
- Ongoing expenses – mortgage/rent and daily living expenses
- Future expenses – paying off debts or college funding
As an employee of the University of Northern Iowa, you have an opportunity to purchase life insurance for you, your spouse and children at affordable group rates.
Employees already enrolled for voluntary term life can purchase up to a $20,000 increase in coverage with no health questions asked. Higher amounts of coverage can be purchased for yourself, an eligible spouse and your children with proof of health.
By enrolling now, you can review and potentially increase your coverage by $20,000 annually - up to the policy maximums. So as your family situation changes, you can remain protected at the level needed.
| Insured | Minimum | Guaranteed Coverage | Maximum |
|---|---|---|---|
Employee | $10,000 | $20,000 increase over existing coverage amount | $500,000 |
Spouse/Domestic partner | $5,000 | $10,000 increase over existing coverage amount | $100,000 or 100% of employee coverage, whichever is less |
Children | $10,000 | $10,000 | $10,000 |
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Everybody loves a discount! Use these to help improve your life—financially, mentally and physically. Offered by some of the most trusted companies in the U.S., these discounts and services are available through your group benefits from Principal®. These discounts are not insurance.
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Note: For some discounts and services, you will need to provide your group policy number. Enter: 1120982.
Discounts and services are not part of the insurance contract and may be changed or discontinued at any time.
If you participate in Voluntary Term Life insurance , you have the option of porting the coverage in lieu of conversion. You select the amount of coverage that you wish to maintain. Proof of good health is not required unless you elect to increase your coverage amount. The minimum amount of coverage you may continue is $10,000.
You may also elect to continue coverage for any covered dependents if you continue your coverage. Proof of good health is not required unless you elect to increase a dependent's coverage amount.
To continue this insurance coverage, complete the Portability Application. It's not necessary for you or your former employer to complete the "Employer to Complete" section, as that information has already been provided to the insurance carrier.
The portability rates are included on the Rates document.
Please refer to your certificate of coverage regarding any limitations and termination provisions for this coverage. If you no longer have a copy of this, one will be provided upon your request. You must apply for this coverage within 60 days of losing coverage.
- Portability Application (PDF) - enter account number: 1120982
- Rates (PDF)
- Compare portability and conversion (PDF)
After completing the application, send it and your check for the first month's premium to the address listed on your application.
You'll then receive a letter from Principal Life explaining your coverage amounts and benefits as well as when and how to make future direct premium payments.
Questions regarding the coverages you have and the amounts you are eligible for should be directed to UNI Benefits Team, 319-273-2423, hrs-benefits@uni.edu.
Life insurance issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company®, Des Moines, IA 50392. Principal National and Principal Life are members of the Principal Financial Group®.
Individual Purchase Rights (conversion) allow qualifying individuals previously covered under Group Term Life and/or Voluntary Term Life policies, to buy individual life insurance coverage without proof of good health. Coverage is provided through an individual Life Insurance policy issued by Principal Life Insurance Company and Principal National Life Insurance (except in NY). Dependents may also convert their Voluntary Term Life coverage independent of the employee's conversion. The minimum amount of coverage you may convert is $1,000 to the maximum amount of insurance you had under your former employer's policy.
| State (Use your resident state.) | Application | Application instructions/rate sheet |
|---|---|---|
Alabama, Alaska, Arizona, Arkansas, | ||
California | ||
Delaware, North Dakota, South Dakota | ||
District of Columbia | ||
Florida | ||
Louisiana, Montana, West Virginia | ||
New York |
Questions regarding the coverages you have and the amounts you are eligible for should be directed to UNI Benefits Team, 319-273-2423, hrs-benefits@uni.edu.
Life insurance issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company®, Des Moines, IA 50392. Principal National and Principal Life are members of the Principal Financial Group®.
Protect your loved ones from the unexpected: