All benefits-eligible employees may participate in the group term life insurance coverage provided by Dearborn National. Group Term life insurance provides survivors with a monetary benefit. If you are enrolled in UT Select, you will receive $20,000 in coverage for free. You have the opportunity to apply for the following additional coverages:
- Yourself: 1-6 times your annual salary (not to exceed $1.5 million.)
- Spouse: $10,000, $25,000 or $50,000
- Children: $10,000 each
Coverage for dependents and/or spouse requires purchase of additional coverage for yourself.
If you're enrolled in UT Select as a retiree, you'll receive $6,000 coverage at no additional cost. You can apply for voluntary coverage for yourself for $7,000, $10,000, $25,000 or $50,000. For your spouse, you can apply for voluntary coverage of $3,000.
- Free $20,000 in coverage when enrolled in the medical plan
- Free online will preparation
- Change beneficiaries online
Based on federal law, employees may make changes to their benefits only at the times specified below.
Within 31 days of hire, benefits eligible employees may add or change benefits.
At Annual Enrollment
Benefits eligible employees may make any changes to their benefits once a year, without a change of status during annual enrollment, which occurs each July.
Family Status Change
Certain events in your family or changes in your dependent’s employment or coverage may enable you to make changes to your benefits outside of annual enrollment. These events, known as Family Status Changes or qualifying events, allow changes to benefits that are consistent the event. (Ex: add medical coverage to your newborn child.)
Full and Part-time Employees
Both full and part-time employees pay the same amount for life insurance coverage. As a result, you and your dependents are eligible for life insurance coverage if:
- You work at least 20 hours per week, and
- Your appointment is expected to continue for at least 4 ½ months, and
- You are not currently covered by another state-sponsored medical insurance plan.
Dependents & Required Documentation
See Required Documentation for Dependents for adding dependents to life insurance coverage.
Evidence of Insurability
Evidence of Insurability is the record of a person's past and current health events and is used by insurance companies to verify whether a person can be approved for coverage. See Evidence of Insurability to determine when EOI is required to add life insurance.
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UT Benefits Handbook for Employees
For MD Anderson Employees
Review your insurance benefits by logging in to myHR.