Basic Life Insurance

The University provides full-time faculty and staff with basic group term life insurance equal to your benefits base salary (to a maximum of $300,000) at no cost to you. 


Penn provides Basic Life Insurance automatically; however, you still must name a beneficiary. You can do this online at Penn’s online benefits enrollment site.

Coverage and Cost

Penn pays for Basic Life Insurance. However, the cost of coverage beyond $50,000 is subject to imputed income tax. You can choose to reduce the amount of coverage to avoid the tax.

 

Questions?

Contact the Penn Benefits Center
1-888-PENNBEN or 1-888-736-6236