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Group Term Life Insurance

Group Term Life Benefits Guide

Fort Dearborn Life Insurance Company (FDL) is the insurer for the Group Term Life options available to you and your dependents Effective September 1st, there is approximately a 10% decrease in the overall voluntary life monthly premium.

FDL offers the following plan options:

  • Retired employee Basic Group Term Life
  • Retired employee Voluntary Group Term Life

During Annual Enrollment, you will be permitted to elect from Retired employee 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.

Group Term Life Options
Member Basic Group Term Life Voluntary Group Term Life
Retiree $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:

Group Term Life Insurance
  • Accelerated Payment Benefit: You may receive 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 Benefits guide, also available 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