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.
Resources and Forms:
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