Basic Group Life Insurance

On this page: Plan Provisions | Eligibility | Initiation of Coverage | Termination of Coverage | Rates | Travel Assistance | Contact

Plan Provisions

• Provides a death benefit to the designated beneficiary -- Two (2) times base annual salary, up to a maximum of $50,000
• At age 65, the death benefit is reduced by 35 percent with a maximum of $50,000
• Provides an Accidental Death and Dismemberment (AD&D) benefit equal to the amount of Basic Group Life Insurance. The AD&D benefit also includes an additional seat belt and repatriation benefit
• Continues to pay life insurance premiums if a covered employee becomes totally disabled
• Provides life insurance for eligible dependents ($3,000 for spouse/registered domestic partner, $1,000 for child)
• Allows covered employee’s to apply for conversion or portability of their life insurance.
• Offers Beneficiary Financial counseling to assist beneficiaries of accelerated death and life insurance benefits, reach their financial goals.
• Offers an accelerated death benefit, which allows terminally ill employees the opportunity to collect all or part of their life insurance prior to death 

Plan Contributions 

Basic Group Life Insurance coverage is provided for eligible employees by Indiana University. 

Eligibility 

Basic Group Life Insurance is available to the following classes of individuals: 

• All full-time employees. 
• Dependents of eligible employees, to include a legal spouse, registered domestic partner, or unmarried child who is less than 19 years of age (or between 19 and 23 if a full-time student and dependent upon the employee for support). 

Initiation of Coverage

• Employees are eligible on the day they become part of an eligible group (usually date of hire).
• Dependents are eligible the day the employee becomes eligible, or the day they become a dependent.
• Employees must be actively at work in order for insurance coverage to take effect (with the following exceptions: employees on sabbatical leave of absence; employees on leave due to sickness or injury; employees on temporary reduction of force; or employees on leave without pay for reasons other than sickness or injury as long as the covered employee has, after the first three months, applied for continuance of insurance and paid the group premium to the University in advance).

Termination of Coverage 

• Coverage terminates when employment with Indiana University terminates; a covered employee can convert or port the prior amount of insurance to an individual policy (conversion or portability of coverage must be completed within 31 days after group coverage ends).
  
  For questions regarding Portability or Conversion of Basic and Supplemental Life Insurance Coverage, please contact UHRS, at (812) 855-2007.
• For employees who meet the requirements for Retiree Status with Indiana University, the Basic Group Life coverage continues at a reduced benefit. The amount of insurance lost due to this reduction may also be converted.

Rates

Basic life insurance coverage is provided for eligible employees by Indiana University.

Additional Services

MEDEX Travel Assist

What is MEDEX Travel Assist?
It’s a comprehensive program of information, referral, assistance, transportation and evacuation services designed to help you respond to medical care situations and many other emergencies that may arise during travel. MEDEX Travel Assist also offers pre-travel assistance, which gives you access to information on things like passport and visa requirements, foreign currency and worldwide weather. All services are provided by MEDEX Assistance Corporation, one of the most experienced assistance companies in the United States.

Who is Covered?
You don’t have to enroll. As a participant in your employer’s Group Life insurance plan through Standard Insurance Company, you’re automatically covered. Family members, including your spouse or domestic partner, and dependent children, are covered as well.
 
MEDEX Travel Assist offers the following services:

• Pre-trip Assistance including passport, visa, weather and currency exchange information, health hazards advice and inoculation requirements
• Medical Assistance Services including locating medical care providers and interpreter services
• Travel Assistance Services including emergency ticket, credit card and passport replacement assistance, funds transfer assistance and missing baggage assistance
• Legal Assistance Services including locating a local attorney, consular officer or bail bond services
• Emergency Transportation Services including arranging and paying for emergency evacuation to the nearest adequate medical facility and medically-necessary repatriation to the employee’s home, including repatriation of remains*
• Personal Security Services including evacuation and logistical arrangements in the event of political unrest, social instability, weather conditions, health or environmental hazards

Please Note: All services must be arranged by MEDEX Assistance Corporation. No claims for reimbursement will be accepted.

Contact

For questions about Basic Group Life Insurance, please contact University Human Resource Services at (812) 855-2007.