Life Insurance

• Basic Term Life and AD&D insurance is provided to the employee through The Hartford Financial Services Group, Inc.at no cost to the employee.
  
  
• The basic term life is calculated at 1.5 times the employee's annual salary, rounded up to the nearest thousand, with a minimum benefit of $20,000 and a maximum benefit of $400,000. Insurance exceeding $50,000 is taxable.
  
  
• Double indemnity for accidental death, 50% for loss of a scheduled member (hand, foot, eye), 100% for loss of two or more scheduled members.
  
  
• To cover dependents an employee must elect to participate in the Supplemental Life Insurance Plan.

Documentation available to employees:
Hartford Life Insurance Certificate
Life Insurance - Summary Annual Report - September 26, 2007(.doc)
Life Insurance-Summary Annual Report-November 21, 2008
Life Insurance Summary Annual Report-December 31, 2008(.pdf)

For additional questions about your Life or Accidental Death/Dismemberment Insurance, contact:
Sherry Leshen, Benefits Specialist 269-4356 / leshens@grinnell.edu

Jim Mulholland, Assistant Treasurer 269-3500 / mulholla@grinnell.edu