Service Maintenance Staff
9.2 Basic Life Insurance
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Staff covered by this policy
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This policy applies to all staff on full-time appointment of nine months or more. |
| Basic provisions |
The
university provides basic life insurance coverage for all eligible
employees equal to two times the employee’s base salary up to
$50,000 (1.3 times base salary after age 65). Dependents (spouse
as defined by Indiana law, same-sex domestic partner as qualified
by the university’s Affidavit of Domestic Partnership, and
eligible children) and retirees are covered for a reduced amount
of insurance.
In the event of an employee’s accidental death, an amount equal to the basic coverage is paid in addition to the basic life payment. Scheduled amounts will be paid when an employee suffers a dismemberment of a body member. In the event of a total and permanent disability prior to age 60, staff are eligible for a monthly benefit paid out over 60 monthly installments on the first $20,000 of the total coverage. Coverage will continue for the first three months of a leave of absence. After three months, employees may extend coverage by making advance premium payments. Employees on leave due to medical purposes will be covered without premium payments. (Refer to Policy 10.6, Family and Medical Leave Act Rights, and 10.7, Leaves of Absence: Discretionary and Extended Military.) |
| Highlights of the basic plan |
Indiana
University pays for basic life insurance coverage. Staff are
responsible for the premiums of any supplemental life insurance
coverage they may select. Highlights of the basic life insurance
plan are listed below.
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