Financial Planning ul-auto-access

Welcome to the University of Limerick Group Protection Plans

Automatic (Auto) Access

Automatic (Auto) Access to the University of Limerick Group Life Plan

Automatic (Auto) Access to the University of Limerick Group Life Plan

We’re delighted to announce that from 1st July, University of Limerick employees will be automatically entered into the Group Life Plan administered by Cornmarket.

The Plan is tailored for University of Limerick employees, and provides protection for what matters most.

All eligible employees who are actively at work* on 1st July 2026 will be included in the Plans automatically, with no medical underwriting.

Benefits for you and your family!

Group Life

A benefit of 2.5 times your annual salary in the event of your death

  • Accidental Death Benefit €15,000 in addition to the Death Benefit, in the event of accidental death.
  • Terminal Illness Benefit 25% of the Death Benefit if you are diagnosed with a terminal illness, with death expected within 12 months
  • Retired Members’ Life Cover Plan at retirement or when you reach the ceasing age of the Group Life Plan you will be Automatically entered into the Cornmarket Retired Members’ Life Cover Plan without medical underwriting *Link to RML page

Find out more (link to policy doc)

What happens next?

  • If you are already a member of the Group Life, you’ll benefit from a reduction in rate!
  • For eligible employees actively at work* on 1st of July and who are already a member of the Group Life Plan, you will be automatically entered into the Plan and you will receive a welcome pack from Cornmarket.

How much does it cost?

From 1st July 2026, the cost of the Group Life Plan will reduce from 0.53% to 0.33% of your salary.

Warning: The current premium may increase at the next Plan review which should take place on or after 1st June 2029.

Can I opt-out?

If you do not wish to automatically entered into the Group Life Plan, click here (*link to opt out form) and complete an opt-out form.

It’s important to note that if you opt-out and decide to join at a later date, you will need to complete and application form and undergo medical underwriting. If you are declined cover, you will lose your opportunity to be automatically entered into the Cornmarket Retired Members’ Life Cover Plan.

*Actively at work today - This means you:

·       Are working your normal contracted number of hours

·       Have not received medical advice to refrain from work

·       Are not medically restricted from fully performing the normal duties associated with your occupation

Those on paid or unpaid statutory maternity, adoptive, parent’s or paternity leave are considered ‘actively at work’ as long as this period of leave is not in excess of 47 weeks in total.

Those on career break, taking carer’s leave or other forms of unpaid leave are not considered ‘actively at work’. Those taking parental leave are not considered ‘actively at work’ unless they are working a reduced number of hours every week throughout their leave and otherwise meet the eligibility criteria of the Plan.

To be eligible for the Group Life Plan you must be:

·       A pensionable employee of the University of Limerick

·       Under age 66

·       Working full time or part time for 8 or more hours per week

·       Employed on a permanent contract, or a fixed term contract of at least 12 months duration, or a contract of indefinite duration, or working continuously for the past 12 months.