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Financial safety net for your family. As a
Duke employee, you can reinforce your family's financial safety net by adding benefits equal to an extra 1-8 times your annual pay. |
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Discounted rates. Because this program
was negotiated as part of your group benefit program, you have the added
advantage of discounted group rates.** That means you'll generally save money over coverage you might find on your own through an agent or on the Internet. |
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Coverage keeps pace with you - automatically. With your Duke supplemental life option, you can rest assured that your coverage will keep pace with any increases in your annual benefits compensation. With the automatic increase feature, your coverage will automatically go up each year based on your annual compensation increases. |
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No need to write checks or worry about mailing monthly payments. Your Duke supplemental life coverage is handled conveniently through payroll deduction. It's just one less bill for you to worry about mailing each month |
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No insurance agent will bother you at home.
Requesting your Duke supplemental life benefits is a simple, hassle-free process - conveniently handled online. |
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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. See the Supplemental
Life Insurance Rate Table for premium information.
Eligibility
You are eligible to participate in this plan if you are an active
employee, faculty member, or House staff, and are regularly scheduled
to work at least 20 hours per week.
When you terminate, retire, or go on a leave of absence, you can
continue the insurance by paying the premiums directly to the program
coordinator, Marsh@Work Solutions, or by changing the insurance to an individual policy with the
underwriter, if you've had the insurance for at least 2 years.
Coverage may be kept until age 95.
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.
Enrolling
The program coordinator is responsible for the day-to-day coordination
of the plan. If you choose to sign up for coverage, direct your completed
enrollment form to the coordinator, Marsh@Work Solutions. Marsh@Work Solutions will record your enrollment and forward
your application to the underwriter. The underwriter 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 Personal
Plans web site for additional information; online enrollment is also
available on this site. Benefit Amount
You can select coverage amounts of 1, 2, 3, 4, 5, 6, 7, or 8 times your annual
pay, up to $100,000 for your spouse/spousal equivalent*, and $10,000 for each
dependent child. If your annual pay is not evenly divisible by $10,000, the
coverage amount is rounded up to the next higher increment of $10,000. For
example, if you chose coverage of three times salary, and your annual pay is
$17,100, your coverage will be rounded to $60,000 of coverage. You and your
dependent will need to satisfy underwriting requirements set forth below in
order to purchase coverage.
Underwriting
- The employee must be actively at work, able to perform normal activities
on both the date the application is completed and the effective date of
coverage for any person to be covered, and coverage through the plan must
not have been previously denied.
- Coverage is guaranteed for up to two times annual pay to a maximum of
$500,000 if you satisfactorily answer the questions in section 3A of the enrollment form, and are
requesting coverage within your first 60 days of eligibility. Coverage of
up to eight times annual pay can be selected (to a maximum of $2,500,000),
but requires completion of additional medical questionnaires and screening.
- Coverage for your spouse/spousal equivalent* of up to $10,000 requires
that he/she must not have been previously denied coverage under the plan,
been hospitalized during the past 90 days, and be able to perform normal
activities on the date you sign the form. Coverage is guaranteed upon
satisfactory completion of these questions within your first 60 days of
eligibility or within 31 days of your marriage. Coverage of up to $100,000
is available, but requires additional medical screening.
- Coverage for your unmarried child (including your legally adopted child or
step-child), who is under age 19 (or under age 26 if a full-time student), but
not less than 14 days old, and who is dependent on you for support can also be
purchased.
Additional underwriting requirements require that the child must not have been
hospitalized during the past 90 days and be able to perform normal activities on
the date you sign the application. You may enroll your newborn child within 45
days of birth. The amount of coverage is $10,000. Once a child loses eligibility
due to age or marriage, the child may convert the insurance up to a $50,000 policy
without having to provide evidence of good health. This option, however, is not
available for a mentally or physically disabled child.
Coverage for a mentally or physically disabled child may be continued at the
$10,000 level as a rider to an adult certificate. Contact Marsh@Work Solutions for more information
or to request a form to continue coverage for a disabled child.
- If you enroll after your initial 60 day eligibility period or your newly
eligible spouse/spousal equivalent* after the 31 day period or your firstborn
child after 45 days of the date of birth, Marsh@Work Solutions will send you a statement of health
form for completion. Full evidence of good health is also required for you and/or
your spouse/spousal equivalent*, if you elect coverage for more than two times
your salary or more than $500,000 or more than $10,000 coverage for your
spouse/spousal equivalent*.
Cost
The cost for your coverage and your spouse/spousal equivalent*
coverage, if applicable, is based upon the amount of coverage
selected, age, and smoker status. Refer to the Premium
Rate Table to determine your monthly premium. The deduction
amount will automatically change each January, based upon
your and your spouse/spousal equivalent's*
age and your annual pay changes as well as any change to the
Premium Rate Table. Children's coverage is $1 per month irrespective
of the number of children you have covered.
Effective Date
Complete and mail the enrollment form (located at our
Benefits
Forms Page) directly to Marsh@Work Solutions to enroll in this plan. You may enroll at any time, but will
be considered a "late entrant" if you enroll 60 days after your initial
eligibility period. Your coverage of up to two times annual pay is effective
as of the day your completed enrollment form is received by Marsh@Work Solutions,
if you have enrolled within 60 days of your eligibility and otherwise meet the eligibility
criteria. The effective date for your dependent's coverage or for a late
entrant is the first of the month after the underwriter has approved the
coverage.
If you aren't actively at work on the effective date, coverage for you,
your spouse/spousal equivalent*, and children will begin on the first of
the month following your return to work, subject to the eligibility and
underwriting requirements. If you do not return to work within 90 days
from the date that you originally completed the enrollment form, contact
Marsh@Work Solutions
upon your return to active work and complete a new enrollment form.
Beneficiary Designation
You can designate both a primary and a contingent beneficiary. You may
designate a trust as a beneficiary. To ensure that this meets your specific
needs we suggest that you seek advice from your legal counsel. You can
change your beneficiary by writing to Marsh@Work Solutions.
An accelerated benefit option is available under this plan. This option allows you to use your life
insurance funds in the event you or your spouse/spousal equivalent* has a
terminal illness with a life expectancy of six months or less. You may
request up to 50 percent of the life insurance coverage amount (the
minimum payment is $10,000 and the maximum payment is $250,000.)
Funding
The benefit is completely paid for by the participants of the plan by the
amounts determined by the insurance company.
Claims & Appeals Procedure
Claims should be reported to Marsh@Work Solutions or their agents P.O. Box 9122,
Des Moines, IA, 50306-9905. Marsh@Work Solutions will send your
beneficiary a claim form after receiving the notice. Written proof must
be sent to Marsh@Work Solutions.
Contact Information
Marsh@Work Solutions can be reached by phone at 1-800-552-9670 or by mail at
P.O. Box 9122, Des Moines, IA, 50306-9905. The Supplemental Life 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.
*Coverage for a spousal equivalent requires that the person be at least age 18,
unmarried and not related to you by blood, and that you have been in a committed
relationship and living together in the same residence for at least 12 months
prior to enrolling in the program. Completion of a formal underwriting affidavit
is required. Contact Marsh@Work Solutions for the form.
**Current policyholders who enter a higher age bracket on
January 1 will see their premiums increase accordingly. |
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