GIC Optional Life Insurance
Optional Life Insurance is available to provide economic support for your family in the event of your death. With this option, you may purchase up to eight times your annual salary. Term insurance covers you and pays your designated beneficiary in the event of your death or certain other catastrophic events. It is not an investment policy; it has no cash value. This is an employee-pay-all benefit. If you have been diagnosed with a terminal illness, you may elect an advance payment of your life insurance death benefits (Accelerated Life Benefit).
For more information please review the 2014-2015 GIC Benefits Decision Guide.
Optional Life Insurance - GIC will hold a special open enrollment for Optionl Life Insurance from April 9 to May 7, 2014. Evidence of medical insurability is not required provided that the employee uses the special open enrollment form. Access the Optional Life Insurance Special Enrollment Form to enroll for this special enrollment.
To enroll in optional life insurance at other times of the year, please complete the Health Plan Enrollment and Change Form (Form 1) 2014 and send it to:
UMass Medical School
333 South Street, 2nd Floor
Shrewsbury, MA 01545
For any questions please contact the Benefits Department by email Benefits.UMMS@umassmed.edu or phone at (508)856-5260, option 1 or TTY (508)856-4053.
This booklet contains a general description of this benefit. Please understand that this does not provide you with all the details of the different plans. For more comprehensive information regarding any of our benefit programs, please refer to the Summary Plan description for each of the plans described in this booklet which can be obtained in the Benefits Department.