Basic Group Life Insurance
SMU provides Basic Group Life Insurance through The Standard at no cost to you. The plan is designed to provide financial assistance to your family in the event of your death.
Your beneficiary(ies) will receive one and one half times your annual base salary up to a maximum of $750,000. If you are a SMU Post Doctoral Fellow, your beneficiary will receive $10,000.
- What You Need To Do
For more information visit the Health and Other Benefits page in the Benefits U section of the HR website. You will find a link in the Helpful Links section.
Did You Know?
Through this program, SMU also provides a variety of travel assistance services through Reliance’s WorldNet Assist Program. Key benefits include emergency medical and personal assistance while traveling more than 100 miles away from home, and immediate access to doctors, hospitals, pharmacies in a medical-related emergency – 24 hours a day, 365 days a year.
Summary of what you need to do
The Life Insurance Beneficiary Designation form is included in the packet of First Day Forms emailed to the employee. When completing this form, be sure to list the individuals you wish to designate as beneficiaries of your Basic Group Life Insurance. If you have not named a beneficiary, or the named beneficiary is not surviving at your death, any benefits due shall be paid to the first of the following classes to survive you:
• your legal spouse;
• your surviving children (including legally adopted children), in equal shares;
• your surviving parents, in equal shares;
• your surviving siblings, in equal shares; or, if none of the above,
• your estate.
You may change your beneficiary at any time by re-submitting the form, found on the HR Website/HR Forms, to the Benefits Office.