The document discusses life insurance options for Virginia Tech employees. It includes an employer paid life insurance that provides coverage of two times annual salary. Employees can also purchase optional life insurance for themselves as well as spouses and children, with coverage amounts in multiples of salary. There is also an optional accidental death and dismemberment insurance provided by Zurich that pays benefits for death or dismemberment from an accident. Beneficiaries should be named on a form to designate who receives the life insurance payout.

1. L I F E
DEPARTMENT OF HUMAN RESOURCES
INSURANCE

2. Life Insurance at Virginia Tech
► Includes an employer paid life
insurance
► Includes an optional life insurance
► Accidental death and dismemberment
insurance

3. Employer Paid Life Insurance
► Provider is Minnesota Life.
► Employees receive two times their annual
salary in coverage.
► Includes double indemnity for accidental
death.
► Includes a dismemberment benefit.
► There is no waiting period.

4. Optional Life Insurance
► Minnesota Life Insurance Company
► Coverage is elected in multiples of salary
(1x, 2x, 3x, or 4x annual salary)
► Cost is based on amount of coverage and
the age of the covered member

5. Optional Life Insurance
► Guarantee issue limit is $375,000 (no medical
questions)
► 31 days to apply with guarantee issue
► After first 31 days an Evidence of Insurability form must be
completed.
► Maximum coverage limit is $750,000
► Can pick up or drop coverage at any time

6. Optional Life Insurance
► Benefits available to spouse and children
► Spouse is eligible for half of employee election
► Spouse has guarantee issue within 31 days
under Option 1 only
► Spouse must complete Evidence of Insurability
form for Options 2, 3, or 4
► Children have guarantee issue under all options
within 31 days and must complete Evidence of
Insurability form after 31 day deadline

7. Beneficiaries
Beneficiary form should be completed or
benefit will be paid by order of precedence
► Spouse
► Children
► Parents
► Executor of estate
► Next of kin

8. Optional
Accidental Death
and Dismemberment

9. Optional Accidental Death and
Dismemberment
► ZURICH is the provider
► No deadline to enroll
► Coverage election will range from $10,000 to
$250,000
► May select employee only or family plan
► Benefit paid out only in the event of death or
dismemberment due to an accident (loss of
sight, arms, legs, etc.)

10. Optional Accidental Death
and Dismemberment
► Includes Travel Assist Program for
local and international travel
► Includes medical repatriation

11. Completed Forms
Return all completed forms to:
Human Resources Service Center
300 Turner Street, NW, Suite 2300
Blacksburg, VA 24061
Mail Code: 0318