Support Staff Policy & Procedure for Retiree - Over 65 Life Insurance Plan
Policy
Summary of benefits: Eligible employees shall have a life insurance benefit in the amount of $2,000.
Premium contribution: The University pays the cost of the benefit.
Application for enrollment:No application is necessary. Coverage is automatic once the participation requirements are met.
The life insurance benefit is paid to the beneficiary designated by the employee/retiree. The beneficiary will be the same as designated for the Employee-Paid Life plan, unless designated otherwise.
If no designated beneficiary survives the employee/retiree, payment will be made in one sum to the survivors in the first surviving class of those that follow:
- spouse,
- children,
- parents, or
- brothers and sisters. If none survives, payment will be made in one sum to the estate.
Effective date of benefit: Attainment of age 65 or official University retirement, whichever occurs first.
Procedure
Notification of coverage:
MSU Human Resources Benefits: Policy certificates are sent to employees/retirees upon meeting the eligibility requirements for coverage.
Changes in coverage or personal information:
Employee: No action required except, as desired, to change beneficiary on Beneficiary Designation form.
Filing a claim:
Department:
- Notify MSU Human Resources Benefits immediately upon the death of an employee or retiree.
- Refer any questions concerning benefits of deceased employee or retiree to MSU Human Resources Benefits.
MSU Human Resources Benefits:
- Contacts beneficiary.
- Coordinates notification to University offices concerned.
- Notifies carrier.
Refer questions to: MSU Human Resources Benefits (telephone 517-353-4434, e-mail)
