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Life Insurance & Asset Protection

NC State University offers two voluntary group term life insurance plans:

Plan Options

 

MetLife Group Term Life
NCFlex Group Term Life

The MetLife Group Term Life Insurance plan is offered to all eligible NC State University employees.  The plan is administered by NC State University in conjunction with MetLife.  This plan provides coverage for employees, spouse/domestic partners (up to age 70) and children (up to age 25).  Deductions for this plan are taken on a post-tax basis. Rates increase the month that a participant hits one of the five year rate bands. 

 

The NCFlex Group Term Life Insurance is offered to all eligible state employees through the NCFlex program.  This plan is administered by the State of North Carolina in conjunction with ING.  It provides death benefits to employee-designated beneficiaries.  Effective January 2014, this plan provides coverage for employees, spouses and children up to age 26.  Deductions for this plan are taken on a pre-tax basis if employee-only coverage is elected and taken on an after-tax basis if spouse or child coverage is elected. Rate changes based on age bands change in January of each year and are based on age as of December 31 of the previous year. 

Coverages Available

 

MetLife Group Term Life
NCFlex Group Term Life

Employees may choose coverage from $10,000 up to $1,000,000 in $10,000 increments.  For employees within the first 30-days of being hired, the guaranteed-issue amount is three times the base annual salary or $500,000-whichever is reached first.  Amounts over three times base annual salary (up to seven times salary or $1,000,000-whichever is reached first) are subject to approval with a statement of health.

Spouse/Domestic Partner coverage is available in $10,000 increments from $10,000 - $100,000. A Domestic Partner Declaration is required for Domestic Partner coverage.

Child coverage (up to age 19 or age 25 if a full-time student) is available at either $2,000 or $10,000 per child.

Employees can elect life insurance coverage in increments of $10,000.  A minimum of $20,000 is available up to a maximum of $500,000 of coverage (may not exceed five times your base salary). 

New employees may enroll in this plan within their first 30 days on a guaranteed basis up to $100,000 without providing Evidence of Insurability (EOI). 

Spouse/Domestic Partner coverage is in increments of $10,000.  A minimum of $20,000 is available up to a maximum of $500,000 of coverage (may not exceed the employee's elected amount). 

Child coverage (up to age 26) is available at either $5,000 or $10,000 per child.

Eligibility

Both life insurance plans are voluntary plans for eligible faculty/staff (SPA/EPA).  For MetLife Life, employees who work at least 20 hours per week (.5 FTE) on a 9-month or greater recurring contract are eligible to participate.  For NCFlex Life, eligible faculty/staff who work at least 20 hours per week (.5 FTE) are eligible to participate.  Employees pay full cost for employee coverage in addition to any dependent coverage selected.

Effective Dates

Employees must enroll within 30 days of their hire date or within 30 days of a qualified life event.  Medical underwriting/qualification will apply outside of the newly hired initial 30-day eligibility period.  Coverage begins the first of the month following your hire/start date or qualified life event. 

Life Insurance Premiums

 

MetLife Group Term Life Insurance
 
NCFlex Group Term Life
Age of Employee, Spouse* or Domestic Partner* Monthly Rates per $1000 of coverage   Age of Employee Monthly Rates per $1000 of coverage
0-24 $.038   0-24 $.048
25-29 $.038   25-29 $.058
30-34 $.038   30-34 $.078
35-39 $.043   35-39 $.088
40-44 $.07   40-44 $.12
45-49 $.116   45-49 $.18
50-54 $.195   50-54 $.28
55-59 $.32   55-59 $.512
60-64 $.48   60-64 $.764
65-69* $.933   65-69 $1.56
70-74 $1.514   70-74 $2.28
75-79 $2.455   75+** $2.28
80-84 $2.737      
85-89 $3.557      
90-94 $4.89      

*Spouse/domestic partner coverage ends when he/she turns age 70.

** If still actively employed at age 75, NCFlex Life coverage is reduced by 50%.

MetLife Child(ren) Monthly Coverage Rates

$2,000-   $ .21 (one premium covers all children)

$10,000- $1.03 (one premium covers all children)

NCFlex Life Child(ren) Monthly Coverage Rates

$5,000-   $ .68 (one premium covers all children)

$10,000- $1.36 (one premium covers all children)

Enrollment

 

MetLife Group Term Life
NCFlex Group Term Life

Enrollment is done by completing a MetLife Enrollment/Change Form


If seeking coverage for a domestic partner a Domestic Partner Declaration form must be completed.

As a new hire, if seeking greater than 3 times your base salary (up to $500,000), a Statement of Health form must completed and turned in to the HR Benefits Office. 

Go to the MyPack Portal and log in.  Then click on FOR FACULTY & STAFF at the top in the black bar.  In the center of the page, you will see Employee Self Service.  Click on "Enroll in Benefits", accept the campus ID notice and you will be logged in to the online enrollment system.  At the far left, under the QuickLinks, click on "eEnroll-Click Here to Enroll".  This will put you into the online enrollment system. 

Changes to Coverage

Changes to coverage can only be made during annual enrollment or within 30 days of a qualified life event (death, birth, marriage, divorce, etc.). 

 

MetLife Group Term Life
NCFlex Group Term Life
Changes can be made by completing a MetLife Enrollment/Change Form

Go to the MyPack Portal and log in.  Then click on FOR FACULTY & STAFF at the top in the black bar.  In the center of the page, you will see Employee Self Service.  Click on "Enroll in Benefits", accept the campus ID notice and you will be logged in to the online enrollment system.  At the far left, under the QuickLinks, click on "eEnroll-Click Here to Enroll".  This will put you into the online enrollment system. 

MetLife Group Term Life Will Preparation

Employees enrolled in the MetLife Life plan have access to a free will preparation service provided by MetLife/Hyatt Legal Services. Click here for more information or to begin the will preparation service.

Plan Documents 

NCFlex Group Term Life Insurance

MetLife Enrollment/Change Form

MetLife Statement of Health

MetLife Domestic Partner Declaration

MetLife Coverage Certificate

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