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 $0.028
30 - 34 $0.037
35 - 39 $0.042
40 - 44 $0.046
45 - 49 $0.069
50 - 54 $0.106
55 - 59 $0.198
60 - 64 $0.300
65 - 69 $0.576
70 - 74 $1.043
75 and over $1.151

Questions?

Contact the Benefits Solution Center
at Health Advocate

866-799-2329