Office of Benefits - Life Insurance

This information is only a summary of typical questions and does not replace the binding plan documents.
Please contact the Benefits Office with any benefit related questions.

You must be an active full-time employee, regularly scheduled to work 30 hours or more per week, and forty weeks a year.

What is the amount of my lay employee life insurance coverage?
A term policy in the amount of $10,000, which reduces to $6,000 at age 70 for eligible lay employees.

How do I add or change a beneficiary on my life insurance policy?
Complete a new designation of beneficiary form, provided by your work location or click on the link under Resources and Forms and return the form to the Benefits Office.

Can I enroll in only the life insurance even if I don’t enroll in the medical insurance?
Yes, you may enroll in the life insurance as a new hire, part-time to full-time status change, or during the annual open enrollment.  The monthly premium rate is $1.00.  

Can I purchase additional coverage for myself or for a family member?
No, at this time, life insurance coverage is only available for the employee.

When I retire will I still have life insurance?
If you are eligible for retiree medical benefits and continue enrollment in the medical plan, you are eligible for a term policy in the amount of $10,000, which reduces to $6,000 at age 70.   If you are not eligible for retiree benefits, your life insurance will terminate as of your termination date.

Upon my termination, can I convert my life insurance benefit?
Yes, you have 31 days from the date of your termination date to contact Dearborn National at (800) 348-4512 regarding conversion to an individual policy.

Some of the links on this page may require Adobe Reader to view them. The Adobe Reader is available for download free of charge, by clicking here.