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LIFE INSURANCE

Adding Peace of Mind

For Holly Ashley, a Duke Clinical Research Institute staff specialist, peace of mind is priceless. That's why she enrolled in Duke's Supplemental Life Insurance for herself and her children.

 

Changing & Using Your Plan

You're encouraged to periodically evaluate your coverage to reflect changes in your life and in your dependents' lives. Call 1-800-552-9670 or visit the Marsh@Work Solutions web site. Representatives are available weekdays from 8 a.m. to 5 p.m. central time.

 

Will Planning Service

If you are enrolled in supplemental life coverage, you are eligible for the will planning service, which includes will preparation, updating of wills, and consultations about will preparation. Click here for an overview.

 

Supplemental Life Insurance is one of Duke's Flex Benefits. You have the flexibility to choose from this broad range of benefit options for the coverage that best fits your life and your budget.

Supplemental Life Insurance

The Supplemental Life Insurance Plan is a voluntary, employee-paid group term life insurance plan in which you can choose to participate to supplement your employer provided life insurance. You may select coverage for yourself, your spouse/spousal equivalent, and your dependent children.

For more information, please see the Supplemental Life Insurance Plan Description (PDF).

Eligibility

All eligible employees who are actively at work are eligible to apply for coverage. You can enroll your spouse/same sex spousal equivalent as well as your children. There are a few routine restrictions. Visit the Marsh@Work Solutions web site for complete details.

Enrollment is Easy!

To sign up for coverage, direct your completed enrollment form to Marsh@Work Solutions:

Marsh Voluntary Benefits
(a service of Seabury & Smith, Inc.)
P.O. Box 9122
Des Moines, IA 50306-9122

Marsh@Work Solutions will record your enrollment and forward your application to the underwriter, who makes the determination as to whether you or your dependents have met the plan's underwriting requirements. The requirements are less restrictive if you enroll within your first 60 days of eligibility (e.g. within 60 days of your hire date.) Visit the Marsh@Work Solutions web site for additional information; online enrollment is also available on this site.

Flexible Coverage Options

This program provides the flexibility to purchase the amount of coverage you want from 1 to 8 times your annual pay up to $2,500,000 (rounded to the next higher increment of $10,000). Plus, you can apply for coverage for your spouse/same sex spousal equivalent and dependent children.

Dependent coverage is available for children age 14 days to 19 years, or to age 26 if the child is an unmarried full-time student. Payments are conveniently handled through payroll deduction on a post-tax basis. That means you won't need to worry about writing checks or mailing monthly payments.

Competitive Group Rates

Because you are buying coverage through a group plan, your cost is generally much lower than coverage you could buy on your own. For example:

See the Supplemental Life Insurance Rate Table for complete premium information. 

Insurance Benefits to Help During Terminal Illness

Additional medical bills, hospice care, or unexpected travel are just a few of the expenses that can come up when you least need extra worry. With the accelerated benefit option,² you can use up to 80 percent of your coverage amount (to a maximum of $500,000) if you are diagnosed as terminally ill with a life expectancy of 12 months or less.

Coverage that Keeps Pace with You

With the automatic increase feature, your coverage amount will increase each year as your annual pay increases.

The Duke Supplemental Life Insurance plan is classified as an employee welfare benefit plan providing life insurance. Duke reserves the right, in its sole discretion, to modify, suspend or terminate this program at any time, for any reason. The Duke Supplemental Life Insurance plan is underwritten by Metropolitan Life Insurance Company.

1. Important note for Texas residents: Spouse/spousal equivalent and child coverage cannot exceed the employee's eligible coverage amount.
    
2. The accelerated life insurance benefits offered under your certificate are intended to qualify for favorable tax treatment under the Internal Revenue Code of 1986. If the accelerated benefits qualify for such favorable treatment, they will be excludable from your income and not subject to federal taxation. Tax laws relating to accelerated benefits are complex. You are advised to consult with a qualified tax advisor about circumstances under which you could receive accelerated benefits excludable from income under federal tax law.
   
   Receipt of accelerated benefits may affect your eligibility, or that of your spouse or family, for public assistance programs such as medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), supplementary Social Security income (SSI), and drug assistance programs. You are advised to consult with social services agencies concerning the effect receipt of accelerated benefits will have on public assistance eligibility for you, your spouse, or your family.

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