Effective January 1, 2021, Duke will no longer offer a Universal Life Insurance plan. Please use the information and resources below to seek support for existing coverage.

Employees and faculty regularly scheduled to work at least 20 hours per week are eligible to purchase universal life insurance through payroll deduction. This is a voluntary, employee paid program and is paid through payroll deduction. The Universal Life Insurance program is not covered under the Employee Retirement Income Security Act (ERISA).


You are eligible to participate in the universal life insurance program if you are an active employee or faculty, regularly scheduled to work at least 20 hours per week. You may convert the insurance to a direct pay policy when you terminate or retire from Duke. House staff are not eligible for this program.

An employee covered by a collective bargaining agreement isn't eligible to participate in the program, unless participation was mutually agreed to in the bargaining agreement.


The Holroyd Agency is the vendor authorized to provide you with the opportunity to buy this insurance through payroll deduction. This coverage also includes the potential for cash accumulation through a cash value account. In general, a portion of the premium you pay is used to pay expenses and the cost of the insurance, and the balance of the premium goes into a cash accumulation fund. The interest earned on this accumulation is tax-deferred.

You may sign up for coverage at any time. To sign up for coverage with the Holroyd Agency, please contact them using the toll free number provided below.

See the Plan Information section for a chart highlighting information from the Holroyd Agency about their product as well as contact information for each vendor. You may contact the Holroyd Agency to obtain additional information regarding coverage. Duke reserves the right, in its sole discretion, to modify, suspend or terminate this program at any time, for any reason.

Plan Information

Holroyd Agency
Qualified Issue1
3 x salary up to $100,000
Family Coverage Available
Underwritten by ReliaStar Life Insurance Co. of NY
Minimum 3% 
North Carolina Mutual Life

Conditional Guaranteed Issue/Simplified Issue
up to $10,000 if you sign up when you are first eligible.

Conditional Guaranteed Issue/Simplified Issue
age 18-39: $63,000-$100,000
age 40-59: $17,000-$59,000
age 60-45: $12,000-$16,000
Family Coverage Available

Minimum 4.5%
  1. Qualified Issue for the insurance through the Holroyd Agency requires two questions be satisfactorily answered. These questions are, "Have you been hospitalized within the past 90 days?" and "Have you been diagnosed or treated for AIDS or AIDS related complex?"