BCBS Ancillary (Formerly Dearborn National) Life Insurance
IIT provides at no cost a term life insurance benefit of two times annual salary to a maximum of $500,000 through BCBS Ancillary (formerly Dearborn National) Life Insurance. An accidental death and dismemberment (AD&D) policy provides additional coverage in the same amount. At age 65 the coverage level is reduced, as shown in the table below:
| Age | Coverage Amount |
|---|---|
| < 65 | two times annual salary |
| 65-69 | 65% of two times annual salary |
| 70-74 | 45% of two times annual salary |
| 75-79 | 30% of two times annual salary |
| 85-up | 20% of two times annual salary |
An accidental death and dismemberment (AD&D) policy provides additional coverage in the same amount.
- Policy Manual Section
- More Information - contact Human Resources
Additional Services
Note: You must have access to the my.iit.edu Portal to download all of the documents below.
- Beneficiary Resource Services including online will preparation and only funeral planning assistance
- Travel Resource Services including emergency medical assistance
Summary Plan Description
Note: You must have access to the my.iit.edu Portal to download the document below.