University Human Resource Services
Insurance Basic Group Life Insurance
- 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, $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
Basic Group Life Insurance coverage is provided for eligible employees by Indiana University.
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).
- 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).
- 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.
Basic life insurance coverage is provided for eligible employees by Indiana University.
For questions about Basic Group Life Insurance, please contact University Human Resource Services at (812) 855-2007.
