Human Resources

Life Insurance

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.

Additional Services

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Summary Plan Description

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