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Group Life Insurance

Full-time faculty are automatically enrolled in a group life insurance policy administered by the Virginia Retirement System (VRS) and underwritten by Minnesota Life Insurance Company. There is no cost to the employee for the basic life insurance coverage; the state and university share the premium cost. The amount of life insurance coverage for natural death is based on the employee's annual salary, rounded to the next highest thousand multiplied by two. This amount doubles again for accidental death. The employee designates a beneficiary for life insurance coverage when employment begins. Contact a Benefits Specialist,, 540-568-3593 when a change in beneficiary is desired.


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