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Human Resources |
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Dependent Life Insurance Summary
HARTFORD
| Benefit | Description |
| Spouse Coverage | Choice of $10,000, $25,000, $50,000, $75,000 or $100,000. Spouse coverage terminates at age 70. |
| Dependent Children Coverage | $10,000 or $25,000 as selected by you. Dependent children are eligible to be covered from 14 days to 19 years. Dependent children's coverage terminates at age 19 unless enrolled in a school as a full-time student and primarily supported by the employee or disabled prior to age 19. |
| Accidental Death & Dismemberment | An amount equal to that selected by you for your spouse or child. |
| Terminal Illness (Spouse only; children not applicable) | 80% of the selected benefit amount to a maximum of $100,000 may be paid for a terminally ill spouse whose life expectancy is 12 months or less. |
| Waiver of Premium (only if employee becomes disabled)1 | Premiums waived for dependent coverage if the employee becomes totally disabled prior to age 60. Coverage at age 70 terminates and can be converted to whole life policy. |
| Guaranteed Issues3 (No proof of insurability) |
Spouse: $50,000 Children: $10,000 and $25,000- all guaranteed issue To qualify for guaranteed issue up to $50,000, the covered person must enroll during the initial sign up period. Any increases in coverage in subsequent enrollment periods will require evidence of insurability. |
| Portability | You may take your dependent's coverage at the CMU group rates if you terminate employment. It will remain a term life policy with evidence of insurability. More details available in the Benefits Office. Spouse must port in order for child to port. |
Exclusions
| Life | Suicide is excluded for the first two years after the insured individual's effective date. |
| Accidental Death & Dismemberment | Your plan does not cover any loss resulting from: Injury while riding on any aircraft: |