Life Insurance

It’s important to give some serious thought to what expenses and income needs your dependents would have if something happened to you. Coverage is provided through The Hartford.

It’s Never Too Early
To Plan Ahead

When it comes to protecting the financial security of you and your family, nothing is more important than planning ahead. Part of any personal financial plan should include adequate life insurance coverage that provides protection against financial hardship in the event of an unexpected death.

To make sure you have financial protection, MIHS offers several different types of Life and AD&D insurance. All Life insurance plans are offered through The Hartford.

Basic Group Term Life Insurance

This coverage is provided at no cost to you; however, you must elect coverage through our online enrollment system. The Basic Group Term Life plan benefit is equal to one times annual earnings (excluding overtime, shift differentials, etc.) rounded to the next higher $1,000.  You may also purchase additional Life/AD&D insurance for yourself, your spouse, and dependent children.

Enrollment Note:
Coverage MUST be elected through our online enrollment system.

Accidental Death & Dismemberment (AD&D)

AD&D is provided as part of your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). In the event that death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).

Coverage Amount:
One times your basic annual earnings (excluding overtime, shift differential, premiums, etc.) rounded to the next higher $1,000, to a maximum of $500,000.

Voluntary Life And AD&D Coverage 

Voluntary Life insurance for you, your spouse and children can help protect your family. You may purchase Voluntary Life and AD&D for yourself and your family. This insurance covers you for as long as you remain eligible and continue to pay your premium.

Since Voluntary Life is a term life insurance product, it does not build any cash value for you to borrow against or receive upon policy cancellation. For employees, benefits are reduced to 65% at age 70 and to 50% at age 75. Coverage ends for spouses at age 70. Coverage ends when you retire or leave MIHS; however, coverage is convertible to an individual policy.


Employee Coverage

Increments of $10,000 up to a maximum of $700,000. Increases in coverage elected during Annual Enrollment will be subject to EOI (See below).

Spouse Coverage

Increments of $5,000 up to $250,000 – not to exceed 50% of Employee coverage. Employee Voluntary Life election is required if Spouse Life coverage is elected.

Child(ren) Coverage

Increments of $1,000, $5,000 or $10,000 for children ages 6 months to 26 years; $1,000 for birth to 6 months. Employee Voluntary Life election is required if Child Life coverage is elected. Rate is not affected by the number of children; it is based on the coverage amount and covers each child for the same amount.

Guaranteed Issue (GI) & Evidence Of Insurability (EOI)

When you are first eligible for Voluntary Life and AD&D, you may purchase up to $250,000 Guaranteed Issue (GI) amount without Evidence of Insurability (EOI). If the amount requested is more than GI, you will need to provide EOI before the amount over GI becomes effective. For spouses, EOI must be provided for amounts in excess of $30,000 when first eligible and for any increases in coverage.