Your Group Life Insurance Benefits

The University of Chicago Group Life Insurance provides your family (or Beneficiary) with a lump sum payment in the event of your death. All Benefits-Eligible Employees have a limited life insurance benefit under Basic Life Insurance and may elect to purchase Supplemental Life Insurance coverage in addition to Basic Life Insurance coverage.

Basic Life Insurance. If you are a Benefits-Eligible Employee, you are automatically covered under Basic Life Insurance. Full-time employees receive $12,000 of coverage. Part-time employees receive $6,000 of coverage. The University pays the full cost.

Supplemental Life Insurance. You can choose to buy additional coverage that combines with your basic coverage – providing total insurance equal to one, two, three, or four times your annual Salary. The maximum combined coverage available is capped at $1 million, subject to proof of insurability. Coverage is reduced after age 65. You, as the employee, pay the full cost for coverage beyond your basic coverage.

Please review this summary for important details on plan limits and features.

The capitalized terms in the Summary Plan Description have special meaning, which impacts your receipt of benefits under the Group Life Plan. Please refer to the Glossary for the definitions of those capitalized terms.

If you have questions about your benefits, send an e-mail to benefits@uchicago.edu.

While this Summary Plan Description summarizes the major provisions of this plan, it does not provide you with every plan detail. The plan documents, which govern this plan, provide full details. If there are any discrepancies between this Summary Plan Description and the legal plan documents, the legal plan documents control.