Basic Group Life Insurance
On this page: Filing a Claim | Overview | What the Plan Covers | Other Features | When Coverage Ends | Plan Forms
Filing a Life Insurance Claim
If a covered family member passes away, contact IU Human Resources at or 812-856-1234 to initiate a life insurance claim. Review the information in the guides below for additional steps to take in this situation.
- Guide for IU Employees after the Death of a Loved One
- Guide for Survivors & Beneficiaries of IU Employees
Overview
Indiana University’s Group Life Insurance is a term life insurance benefit. In the event of death, benefits are payable to the designated beneficiary. Group Life Insurance is underwritten by Standard Insurance, and our group policy number is 135262-F.
Benefits eligible employees are automatically enrolled a $50,000 Basic Life Insurance policy. The plan includes coverage for your spouse and dependent children and pays an additional benefit in the event of death or dismemberment due to an accident. Coverage takes effect on the date of hire and is provided at no cost to the employee.
Additional coverage for the employee and dependents may be purchased through the voluntary Supplemental Group Life Insurance benefit. For information on the Retiree life insurance benefit visit the Retiree Benefits web page.
To File a Claim
Resources
Customer Service
See Also
What the Plan Covers
Below is a summary of benefits under this plan. For a complete schedule of benefits, review the Basic Life plan booklet.
- Basic Life - $50,000*
- Accidental Death and Dismemberment (AD&D) - $50,000*
- Dependent Life Insurance - $3,000 for spouse, $1,000 for child(ren)
- Seat Belt Benefit - $10,000
- Repatriation Benefit - $5,000 or 10% of the AD&D benefit
Accelerated Life Benefit
If an employee has a terminal illness with a life expectancy of 12 months or less, and meets other benefit requirements, he or she may elect to accelerate the payment of their Basic & Supplemental Life Insurance benefits by receiving up to 100% of their benefit amount in advance of death to use as desired. The amount of Life Insurance payable upon death is reduced by the accelerated benefit paid.
Accidental Death & Dismemberment
Basic Life coverage includes an AD&D equal to the amount of your Basic Life coverage. With AD&D, you and your beneficiaries may be eligible to receive an additional amount in the event that you die or sustain injuries as the result of a qualifying accident.
Dependent Life Insurance
Basic Life coverage includes a $3,000 benefit for a legal spouse and a $1,000 benefit for an eligible child (dependent child(ren) from live birth through age 25).
For information on supplemental dependent life insurance visit the Supplemental Group Life Insurance page.
Permanent & Total Disability (PTD) Benefit
If an employee becomes permanently and totally disabled, he or she is eligible to apply for a PTD benefit. This benefit, paid in monthly installments, is equal to $18 per $1,000 of Basic Life Insurance coverage held as of the start of disability and continues for up to 60 months. The disability must have begun before the employee turned age 60 while insured under the plan and the employee must have been insured for 12 consecutive months prior to the start of the disability. The PTD benefit applies to the first $20,000 of Basic Life Insurance and is a taxable benefit under current federal tax laws.
Repatriation Benefit
An additional benefit of $5,000 or 10% of the AD&D benefit for preparation and transportation of the body to a mortuary near the employee’s primary residence in the event the employee dies as a result of an accident at least 200 miles from the employee’s principal residence.
Seatbelt Benefit
An additional benefit of $10,000 will be paid in the event the employee dies as a result of an automobile accident in which the driver had a current and valid driver’s license at the time of the accident and the employee was properly wearing and using a seat belt system, as evidenced by a policy report.
Other Plan Features
Travel Assistance by Assist America
Assist America is a comprehensive program of information, referral, assistance, transportation, and evacuation services designed to help you respond to medical problems or other emergencies that may arise during travel. Assist America also offers pre-travel assistance, which gives you access to information on things like passport and visa requirements, foreign currency, and worldwide weather. Services are available when you and eligible family members (spouse and children through age 25) travel more than 100 miles from home or internationally for up to 180 days for business or pleasure.
Download the Assist America Mobile App
- Visit Google Play or the Apple App Store
- Enter reference number 01-AA-STD-5201 and member name
Contact Assist America 24/7
Within the U.S.: 800-872-1414
Outside the U.S.: +1-609-986-1234
Press the ‘Tap for Help’ button on the Assist America Mobile app
Reference Number: 01-AA-STD-5201
Life Services Toolkit
The Standard has partnered with Health Advocate to provide online tools and services that can help you and your beneficiaries plan and prepare finances in the event of death. Services include:
- Estate Planning Assistance
- Financial Planning
- Funeral Arrangements
- Legal Services
To get started, go to the Life Services Toolkit (employee username = assurance, beneficiary username = support) or call 800-378-5742.
When Coverage Ends
Coverage ends when benefit eligibility ends, usually due to separation from IU employment or transferring to a non-eligible position. A covered employee can convert or port the prior amount of insurance to an individual policy by completing the application below. Note: the group policy number is 135262-F.
Conversion or portability of coverage must be completed within 31 days after group coverage ends. For more information on continuing this benefit when coverage ends, review the Benefits After Separation guide.
Portability (Term Life)
Portability allows you to convert your group life policy into a personal term life policy. Term life insurance provides coverage for a specified amount of time (the “term”), typically 20 – 30 years. If you pass away during this term, your beneficiaries will receive a benefit payout from the policy. This benefit that includes AD&D and dependent coverage.
Subject to eligibility, you may elect up to the amount of group life insurance coverage you had as an employee up to $300,000. Eligibility criteria and cost details of Portable Life Insurance coverage are noted in the Portability Application.
To apply for Portable Life Insurance coverage, complete the following steps within 31 days of the date your group life coverage ends:
- Complete the Portability Application and send it to The Standard’s mailing address (noted on the top left corner of the application)
- Send the Employer Statement for Group Life Portability Insurance to IU Human Resources for completion/submission.
Conversion (Whole Life)
Conversion allows you to convert your policy to a whole life insurance policy, regardless of your state of health, as long as you apply within 31 days. Whole life provides continued protection with premiums payable to age 100. The policy accumulates cash value, and will allow you to borrow against the cash value, if sufficient. Interest on the policy loan will accrue daily and will be at a fixed rate (subject to policy terms and applicable state law). The policy does not share in dividends. Eligibility criteria and premium costs are noted within the Conversion Application.
To apply for Whole Life Conversion Insurance coverage, complete the following steps within 31 days of the date your group life coverage ends:
- Complete the Conversion Application and send it to The Standard’s mailing address (noted on the top left corner of the application)
- Send the Employer Statement for Group Conversion Insurance to IU Human Resources for completion/submission.