Basic Group Life Insurance

The Hartford will continue to provide group life insurance at the same rates for 2016.

Hutcheson Medical provides each full-time employee who is scheduled to work at least 32 hours per week $25,000 of life insurance at no cost.

Summary of Benefits

Includes an Accelerated Death Benefit which allows employee to receive up to 50% in the event of a terminal illness diagnosis. To be a terminal illness, the life expectancy must be no longer than 12 months.
A Premium Waiver provision is included which will allow coverage to be continued without premium payment until age 65, if an employee becomes totally and permanently disabled prior to age 60 and the disability lasts for at least 6 months.
Amounts of coverage reduce to 65% when you reach age 65 and to 50% when you reach age 75.
Coverage terminates upon termination of employment or eligibility, retirement or termination of the group policy
Employees may convert their Group Supplemental life insurance coverage to a whole life individual policy issued by The Hartford Insurance Company within 31 days after termination of employment or eligibility, or reduction of Life Insurance due to age, pension, retirement, or policy discontinuance in whole or in part.
Employees also have a Portability option that allows the group life insurance policy to continue at 100%, 75%, or 50% of the amount of life insurance coverage (Basic, Supplemental, or both) you had under your Group plan up to a maximum amount, generally $250,000 depending upon the provisions of your Group plan. The Portability policy provides group term coverage and is available to you provided you have not yet reached your Social Security full retirement age. The Portability option may also be available to your dependents if you carried dependent coverage under your employer’s group plan and if the group plan includes portability as an option for dependents. The amount of coverage you elect to port is reduced by 75% at age 65 and coverage terminates at age 75. Portability is not available if your employer is terminating the group plan. Additional restrictions may also apply. Premiums for a Life Portability policy may be higher than your Employer Group plan rates and rates increase every five years (years in which your age on your birthday ends in 5 or 0).
Click here for details on the Conversion and Portability options.

Additional Assistance Programs

The Hartford also offers additional assistance programs to Hutcheson employees. Click on the items below for more details: