Eligible residents and fellows have group term life insurance. No proof of good health is required. You must however, complete the Life Insurance Beneficiary Designation Form and list your beneficiary(ies). This policy is for the resident or fellow only and is not available for other family members. The policy has no cash value.
Coverage Highlights
- $50,000 term life insurance
- Additional $50,000 for accidental death or dismemberment
- Accelerated benefits if diagnosed with terminal illness and meet eligibility requirements
- Coverage terminates on the last day of your training
- Review Coverage Details - Certificate of Life Insurance
Beneficiaries
The carrier will make payment to the most recently named beneficiary if you die while insured under this coverage. The beneficiary is the person you named on the Life Insurance Beneficiary Designation Form. Definitions and instructions regarding beneficiaries are on the Life Insurance Beneficiary Designation form.
To Change Beneficiaries:
Complete and print the Life Insurance Beneficiary Designation Form. After you complete the form, return it to Joe LaFond, GME Benefits Coordinator, using one of these methods:
- Scan and email it to Debra.J.Johnson@cuanschutz.edu
- Fax to Attention: Benefits at 303-724-6034.
- Mail to:
Graduate Medical Education
13001 East 17th Place, Mail Stop C293
Fitzsimons Bldg, Rm N4223
Aurora, CO 80045
Accelerated Benefits
The Accelerated Benefit allows you to receive an early payout of a portion of your group life insurance benefit if you are diagnosed with a terminal illness and meet eligibility requirements.
Accidental Death and Dismemberment Insurance (AD&D)
In addition to basic life insurance coverage, this policy provides you with $50,000 in Accidental Death and Dismemberment (AD&D) coverage. Accidental death benefits are payable to your named beneficiary if you die from an accidental bodily injury while insured under this coverage. Accidental dismemberment benefits may be payable if you suffer a covered dismemberment. The AD&D coverage may also help protect against certain financial losses resulting from a variety of accidents.
Extra Features of this plan
Conversion and Portability Information for Exiting Residents
Exiting Residents may have options for conversion or portability of your current group life insurance within 31 days of exit through Standard Insurance Company.
Contact Standard Insurance Company Continued Benefits at 1-800-378-4668 with questions.
