Carnegie Mellon University

Optional Life and AD&D Insurance

Full-time benefits-eligible faculty and staff may purchase optional insurance in increments of your life base salary.

  • Purchase one to five levels of insurance, up to a maximum of $1,500,000 coverage (basic plus optional coverage combined).
  • An Evidence of Insurability form is required for optional coverage of more than $500,000 (not combined with Basic).
  • Rates are based on age and base salary.
  • Enroll in optional coverage within 30 days of your benefits-eligibility.
  • Increase optional coverage at Open Enrollment or with a life status change.
  • Imputed income taxes are required for the value of life insurance coverage in excess of $50,000.
Age (as
of Jan 1)
Rate per
$1,000 of
coverage
Under 30 $0.053
30–34 $0.063
35–39 $0.067
40–44 $0.076
45–49 $0.086
50–54 $0.136
55–59 $0.196
60–64 $0.316
65–69 $0.529
70 and over $1.057
Divide result by two for biweekly cost