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Enrollment Guide Series/Group Term Life and Accidental Death & Dismemberment for Employees - YouTube
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Dearborn National administers the Life and
Accidental Death & Dismemberment benefits
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for UT System employees and their dependents.
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As an active employee enrolled in the UT SELECT
medical plan, you will automatically receive
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$40,000 of Basic Group Term Life Insurance
and $40,000 of Basic AD&D coverage at no additional
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cost.
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Voluntary Group Term Life Insurance is available
to you in increments of 1 to 10 times your
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annual salary, up to a maximum of $2,000,000.
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New employees can select up to three times
annual salary without completing an Evidence
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of Insurability (or EOI) application.
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If you increase your salary multiplier during
annual enrollment or mid-year because of a
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qualified change in status, EOI approval may
be required.
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The Premium rate is based on your age as of
your effective date of enrollment and each
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subsequent September 1.
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Active Employees can select Dependent Voluntary
Group Term Life for their spouse and/or children.
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You have an option of $10,000 for your spouse
and each eligible child without EOI approval.
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Additional Voluntary Spouse Group Term Life
of either $15,000 or $40,000 can be selected,
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but it will require EOI approval.
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The premium rate is based on your spouse's
age as of the effective date of enrollment
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and each subsequent September 1.
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As the employee, you must be enrolled in Employee
Voluntary Group Term Life coverage in order
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to elect Dependent and/or spouse Voluntary
Group Term Life.
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In addition to the Voluntary Life insurance
benefits, there are several other important
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features of your Group Term Life Insurance
plan including options for keeping coverage
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should you leave employment with UT, and a
waiver of premiums should you become totally
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disabled.
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In addition an accelerated death benefit is
also available, if you are diagnosed as terminally
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ill.
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Refer to the Dearborn National Group Term
Life materials for details about these and
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other features of the plan.
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Voluntary AD&D is available to active employees
in amounts equal to multiples of $10,000 or
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up to 10 times annual salary.
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The maximum coverage you can have is $2,000,000.
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No EOI is required for AD&D.
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The spouse of an active employee can have
voluntary AD&D up to 50% of the employee's
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voluntary AD&D coverage amount, in multiples
of $10,000, up to a maximum of $1,000,000.
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As the employee, you must be covered for at
least $20,000 of AD&D coverage to be eligible
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to elect voluntary AD&D coverage for your
spouse or children.
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Your eligible children can each be covered
for $10,000.
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There is no EOI required for AD&D coverage.
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The premium is based on the total amount of
Voluntary AD&D coverage elected.
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Voluntary Accidental Dismemberment is coverage
for an Employee or covered Dependent due to
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injury suffered in an accident.
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Voluntary
Accidental Dismemberment includes Loss of
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Hands or fingers, Loss of feet, Loss of sight
in the eyes, Loss of speech or hearing, or
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Total paralysis of upper and lower limbs.
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This Benefit is based on serverity of loss.
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In addition to the standard AD&D benefits,
there are other features included with the
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plan, such as Air Bag and Seat Belt Benefits,
the
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Rehabilitation benefit, and even training
for your surviving spouse and education benefits
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for dependent children.
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Refer to the Dearborn National materials for
details about these and other features of
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the plan.
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If you should have questions about your Life
and AD&D coverage options, please call Dearborn
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National, toll-free, at 1-866-628-2606, or
1-888-421-5844 for the hearing impaired.
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Additional information can also be found on
Dearborn National's UT System web site at
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www.dearbornnational.com/ut.
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Thank you for taking the time to learn more
about your Employee Life and AD&D benefits.
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