We’re delighted to announce that from 1st July 2026, eligible University of Limerick employees will have automatic access to the University of Limerick Group Life Plan, administered by Cornmarket.
All eligible employees who are actively at work* on 1st July 2026, and who are not currently members of the University of Limerick Group Life Plan, will be automatically entered into the Plan with no medical underwriting.
The Plan is tailored for University of Limerick employees, and provides protection for what matters most.
A lump sum of 2.5 times your annual salary will be paid in the event of your death.
An additional €15,000 will be paid on top of the Death Benefit in the event of accidental death.
25% of the Death Benefit if you are diagnosed with a terminal illness, with death expected within 12 months.
If a member’s child, aged 0-20 inclusive, dies, a Death Benefit of €5,000 will be paid.
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.
Underwriter terms, conditions and exclusions apply.
From 1st July 2026, the cost of the Group Life Plan will reduce from 0.53% to 0.33% of your salary.
If you do not wish to be automatically entered into the Group Life Plan before 1st of July 2026, please email your instruction to pensions@ul.ie.
If you wish to opt out after 1st of July 2026 please click here to complete an opt out form or email your instruction to spsadmin@cornmarket.ie.
Important: If you opt-out and decide to join at a later date, you will need to complete the application form and undergo medical underwriting. If cover is declined, you will no longer be eligible for automatic entry into the Cornmarket Retired Members’ Life Cover Plan.
*Actively at work - 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 51 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.
The University of Limerick Group Life Plan and the Cornmarket Retired Members’ Life Cover Plan is underwritten by Irish Life Assurance plc.
Irish Life Assurance plc, trading as Irish Life, is regulated by the Central Bank of Ireland.
Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland.