Optional Life Insurance

Optional Life Insurance is available to part-time faculty and staff.

You can update your beneficiary information through Penn’s online benefits enrollment site at any time. 

Coverage and Cost

You can elect coverage up to twice that of your benefits base salary. You pay for Optional Life Insurance with after-tax dollars; the cost is based on your age and the amount of coverage you elect.

The table below shows the cost per $1,000 of coverage for each age range.


Age as of July 1Rate Per $1,000 of Coverage
Under 30 $0.037
30 - 34 $0.049
35 - 39 $0.056
40 - 44 $0.061
45 - 49 $0.092
50 - 54 $0.141
55 - 59 $0.262
60 - 64 $0.397
65 - 69 $0.763
70 - 74 $1.382
75 and over $1.524

Questions?

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