Life Insurance Plan

What you need to do by Friday, November 15, 2024:

  • You do not want to make a change to your supplemental life insurance coverage: Do nothing; your current election (if any) will carry forward to 2025.
  • You want to enroll in or increase your Supplemental Life Insurance Plan coverage amount: 
  • Email a benefits representative at [email protected] using your FIT email address (include your FIT ID number) to obtain supplemental life insurance costs. 
  • Complete the Supplemental Term Life Insurance Enrollment/Change Form to enroll or request an increase in coverage.  
  • After your form is received, a health questionnaire will be provided to you, which must be submitted directly to The Hartford. If approved, The Hartford will notify you and FIT of the effective date of coverage, and required contributions will then be deducted from your paycheck. Coverage will not become effective until approved by The Hartford and not before January 1, 2025.

Basic Life Insurance Coverage

You are covered under the Basic Group Term Life Insurance Plan and Accidental Death & Dismemberment (AD&D) Plan at a benefit amount for each plan equal to 1 times your base annual salary (see note below), rounded to the next higher multiple of $1,000, if not already a multiple of $1,000. This coverage is paid for by the College and provided through The Hartford, FIT's Life Insurance Plan insurer. For complete information, please review FIT's Basic Life Insurance Plan booklet (.pdf).

Note: Benefit amount is subject to age 70 and age 75 reductions in coverage per the Basic Group Term Life Insurance Plan. 

Supplemental Life Insurance Coverage

During the Annual Benefits Open Enrollment Period, if you are under age 70 (see note below), you may apply for supplemental life insurance coverage for yourself, subject to approval by The Hartford. If approved, post-tax contributions are taken from your paycheck. Rates are based on your age and salary (to certain thresholds) and are subject to change.

You may purchase supplemental coverage in multiples of 1, 2, 3, or 4 times your annual base salary, rounded to the next higher multiple of $1,000. The maximum coverage amount is $500,000.  For complete information, please review FIT's Supplemental Life Insurance Plan booklet (.pdf).

Note: Group supplemental life insurance coverage terminates when you reach age 70 per the Supplemental Group Term Life Insurance Plan.