Group Term Life Insurance

Group Term Life Insurance
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Group Term Life for Employees

Group term life (GTL) insurance can help ensure financial security for your family and loved ones upon your death. Accidental death and dismemberment (AD&D) insurance gives you added financial protection by paying full benefits in the case of accidental death and partial benefits for certain losses due to accidental injury. UT System, through the vendor Dearborn National, provides eligible employees with basic GTL and AD&D as part of the basic coverage package. Eligible employees also have the opportunity to purchase additional employee and dependent coverage at group rates.

Basic Group Term Life (GTL) Benefits

Basic group term life insurance in the amount of $20,000 is a part of the basic coverage package. Full time eligible employees enrolled in the UT SELECT Medical plan are automatically enrolled in the basic GTL at no cost and without Evidence of Insurability (EOI).

Voluntary Group Term Life Options

Coverage Level Benefit Amount
Employee Voluntary GTL (available with or without Basic GTL) 1 to 6 times Annual Compensation up to a maximum of $1,500,000
Dependent Voluntary GTL* $10,000 (Benefit amount for spouse and each eligible dependent child)
Additional Spouse Voluntary GTL* $15,000 or $40,000 in addition to the $10,000 Dependent Voluntary GTL

*Employee must be enrolled in Employee Voluntary GTL benefits in order to elect benefits for spouse and/or dependent children.

Active employees who participate in an alternative UT System health institution life plan are not eligible to participate in the Voluntary Group Term Life plan offered under Dearborn National.

Evidence of insurability (EOI) is required for:

  • Employee Voluntary coverage of 4, 5, or 6 times annual compensation elected within 31 days of initial eligibility;
  • Additional Spouse Voluntary GTL; or
  • Any amount of Employee Voluntary GTL added or increased after the initial 31 days of eligibility.

The dependent voluntary GTL premium provides coverage of $10,000 for each eligible dependent regardless of how many dependents are covered. Employee Voluntary GTL and Additional Spouse Voluntary GTL premium is based on the enrolled person’s age and benefit coverage level.

Group Term Life for Retired Employees

Group term life (GTL) insurance can help ensure financial security for your family and loved ones upon your death. UT System, through the vendor Dearborn National, provides eligible retired employees with basic GTL as part of the basic coverage package. Eligible retired employees also have the opportunity to purchase additional coverage at group rates.

Basic Group Term Life (GTL) Benefits

Basic group term life insurance in the amount of $6,000 is a part of the basic coverage package.

Voluntary Group Term Life Options

Coverage Level Benefit Amount
Retired Employee Voluntary GTL $7,000
$10,000
$25,000
$50,000
Dependent Spouse Voluntary GTL* $3,000

*Retired employee must be enrolled in retired employee voluntary GTL benefits in order to elect benefits for a spouse.

When you first move from active employment to a retired employee without a break in service, you are guaranteed coverage up to the amount of voluntary GTL coverage you had in force as an active employee not to exceed a maximum of $50,000.

After your initial eligibility period to elect voluntary GTL coverage as a retired employee, evidence of
insurability is required for any increase in voluntary GTL benefits during annual enrollment or following a qualified change in status event.

Evidence of insurability is required on all spouses of retired employees who elect to enroll for voluntary GTL insurance. However, this requirement will be waived if your spouse was enrolled for voluntary GTL insurance on the last day you were an active employee and there is no break in coverage.

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