Insurance Certificate
Duke provides a $2,500 death benefit to the beneficiaries of employees which
were covered under the insurance certificate plan on or before December 1, 1974.
Eligibility
You are covered under this plan if you were an employee at Duke University
prior to December 1, 1974, were actively employed on that date, were both
eligible for coverage and were participating in Duke University's group
life insurance plan on December 1, 1974. In addition, you must have
completed at least ten consecutive years of service and been a participant
under the group life insurance plan during at least ten consecutive years
of service beginning on or before December 1, 1974. Lastly, you must not
have terminated employment for any reason prior to age 65 or have died
while employed by Duke. House staff are not eligible for this plan.
An employee covered by a collective bargaining agreement isn't eligible
for coverage for this plan, unless coverage was mutually agreed to in the
bargaining agreement.
Benefit Amount
The amount of the benefit for any certificate issued after December 1, 1974 is $2,500.
Enrolling
If you are eligible for the benefit, you will automatically be issued
a certificate when you meet the eligibility criteria.
Funding
Duke entirely pays the cost of the plan from its general assets. You
do not have to pay any premiums for the benefit.
Duke reserves the right, in its sole discretion, to modify, suspend or
terminate this program at any time, for any reason.
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