GIC Optional Life Insurance
Optional Life Insurance is available to provide economic support for your family. With this option, you may purchase up to eight times your annual salary. Term insurance covers you and pays your designated beneficiary in the event of your death or certain other catastrophic events. It is not an investment policy; it has no cash value. This is an employee-pay-all benefit. If you have been diagnosed with a terminal illness, you may elect an advance payment of your life insurance death benefits (Accelerated Life Benefit).
For more information please review the GIC Benefits Decision Guide.
If you wish to apply please complete the Insurance Enrollment and Change - Form 1 and send it to:
UMass Medical School
Benefits Department
333 South Street, 2nd Floor
Shrewsbury, MA 01545
Fax (508)856-2058
For any questions please contact the Benefits Department by email Benefits.UMMS@umassmed.edu or phone at (508)856-2282 or TTY (508)856-4053.
This booklet contains a general description of this benefit. Please understand that this does not provide you with all the details of the different plans. For more comprehensive information regarding any of our benefit programs, please refer to the Summary Plan description for each of the plans described in this booklet which can be obtained in the Benefits Department.