Life Insurance
NAU offers employees three types of life insurance coverage: Basic, Supplemental and Dependent.
Basic Life
You are provided $15,000 of Basic Life Insurance and $15,000 of AD&D insurance at no cost to you through Securian.
Supplemental & Dependent Life
You can purchase coverage through both NAU’s plan through the Hartford and the State of AZ’s plan through Securian.
NAU – The Hartford Accordion Open
Supplemental
- When eligible, you may can purchase coverage equal to 1,2, or 3-times your current base salary.
- The maximum benefit is the lesser of three times salary or $300,000.
- Coverage amount reduced 40% age 70+
- During sabbatical, if a faculty member’s base salary is reduced the amount of life insurance will also be reduced.
- During Open Enrollment or if you have a Qualified Life Event (QLE), you may purchase additional 1 times salary.
Dependent
- You may purchase the following amounts: $5,000 or $10,000
- Covers your spouse & eligible dependents.
- You are the beneficiary.
- You must purchase Hartford supplemental coverage .
State of AZ – Securian Accordion Closed
Supplemental
- When eligible, you may purchase coverage in increments of $5,000. Maximum benefit is the lesser of three times salary or $500,000.
- During Open Enrollment or if you have a Qualified Life Event (QLE), you may purchase an additional $20,000 of coverage.
Dependent
- You may purchase the following amounts: $2,000, $4,000, $6,000, $10,000, $12,000, $15,000 or $50,000.
- Covers your spouse & all eligible dependents.
- You are the beneficiary.
- To purchase $50,000, you must enroll in $35,000+ of Securian supplemental coverage.
Beneficiaries
In the event of your death, your basic life and supplemental individual life insurance benefit will be paid to your designated beneficiary. If you choose more than one beneficiary, you can define the amount paid or a percent paid to each beneficiary.
- A primary beneficiary receives 100% of the designated amount/percent
- A contingent beneficiary receives a benefit only if all of the primary beneficiaries are deceased.
Portability and Conversion
If you leave NAU, you may have the option to port or convert your life insurance coverage.
- Hartford: Policy# 805644 Group Phone: 800-882-8395
- Securian: Policy #34681- Phone: 1-866-365 -2374 select Option 4 or log onto: lifebenefits.com/continue and enter Policy Number: 34681 and Access Key: Arizona
Still have questions??
Contact the Benefits Team at nauhrbenefits@nau.edu or call (928) 523-2223.