Do you know who you have listed as your beneficiary? As a benefits-eligible employee, you automatically receive State of Illinois’ basic term life insurance in an amount equal to your annual salary, at no cost. Please note that up to $50,000 of life insurance is tax exempt, and amounts in excess of $50,000 are taxed as imputed income.
Today would be a good time to review/update your beneficiary designation in NESSIE!
Why is a beneficiary important?
Without a beneficiary designation, in the event of your death, benefits can be delayed and may exclude those you wished to receive benefits. Having a beneficiary designation on file will ensure that your insurance benefits will be distributed more quickly, and to the individuals you specified.
Plan Information and Questions
Contact your University Payroll and Benefits (UPB) office with any questions.
- Email: benefits@uillinois.edu
- Urbana: 217-333-3111
- Chicago: 312-996-6471
- Springfield: 217-206-7144 or 217-206-7211