Fort Dearborn Life Insurance Company (FDL) is the administrator for the Group Term Life options available to you and your dependents.
FDL offers the following plan options:
- Retiree Basic Group Term Life
- Retiree Voluntary Group Term Life
During Annual Enrollment, you will be permitted to elect from Retiree Voluntary Group Term Life amounts of $7,000, $10,000, $25,000 or $50,000. Voluntary Group Term Life coverage is no longer offered based on your date of retirement or your length of service with UT. However, if you choose to increase your coverage, satisfactory Evidence of Insurability will be required for these changes to take effect.
The following chart lists the various options available to you and your dependents:
Group Term Life Options
| Member |
Basic GTL |
Voluntary Group Term Life |
| Employee |
$3,000
(provided as part of the Basic Package at no cost to you) |
$7,000 1,2
$10,000 1,2
$25,000 1,2
$50,000 1,2
|
1 Previously, the maximum benefit for the Voluntary Group Term Life plan included the Basic Group Term Life coverage amount of $3,000. Effective September 1, 2004, the Voluntary Group Term Life amount will be in addition to the Basic Group Term Life coverage. NOTE: You must be enrolled in a UT medical plan to be enrolled in the Basic GTL coverage.
2 Evidence of Insurability is required for retirees who were previously eligible but did not elect the Voluntary Group Term Life or to increase the Voluntary Group Term Life.
Plan Features of Voluntary
Group Term Life Insurance
- You are eligible for an Accelerated Payment Benefit (up to 50% of your coverage amount) if you become terminally ill.
- The Voluntary Group Term Life plan does not pay benefits for death by suicide during the first two years of coverage.
You may read additional information about plan features and exclusions in the Group Term Life Plan certificate
available online at Fort Dearborn's web site or at your campus Benefits Office.
Fort Dearborn
Life Insurance Company
www.fdl-life.com/ut
(866) 628-2606
M-F 8:00 AM - 5:00 PM CST
