Zurich Global

Starting January 1, 2020, MIT will offer global employees new Basic Life insurance and Accidental Death & Dismemberment (AD&D) insurance coverage through Zurich Global.

U.S. Expatriates

You will maintain your current Basic Life insurance and AD&D insurance through MetLife. Starting January 1, 2020, you will also be enrolled in Zurich Global coverage as described in the chart below, at no cost to you.

Zurich Global coverage for U.S. expatriates
Life InsuranceU.S. Expatriates
Employee Basic Life InsuranceFlat $10,000
AD&D
Employee AD&DFlat $10,000
Other
Age ReductionsReduces to 66% at age 65, 44% at age 70, and 34% at age 75, 26% at age 80, 20% at age 85, 16% at age 90, and 12% at age 95. Terminates at retirement.
Accelerated Benefit (enables the employee to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness)50%

Third Country and Local Nationals

On January 1, 2020, your current MetLife Basic Life insurance and AD&D insurance offering will end. You will automatically be enrolled in Zurich Global coverage as described in the chart below, at no cost to you.

Coverage for third country and local nationals
Life InsuranceTCNs/KLNs
Employee Life Insurance2x Annual Earnings
Guaranteed Issue Amount (no Statement of Health required)$200,000
Maximum Benefit$500,000
Age ReductionsReduces to 66% at age 65, 44% at age 70, and 34% at age 75, 26% at age 80, 20% at age 85, 16% at age 90, and 12% at age 95. Terminates at retirement.
AD&D
Employee AD&DFlat $100,000
Age ReductionsReduces to 66% at age 65, 44% at age 70, and 34% at age 75, 26% at age 80, 20% at age 85, 16% at age 90, and 12% at age 95. Terminates at retirement.
Accelerated Benefit (enables the employee to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness)50% to $100,000 Maximum

Beneficiaries

Be sure to name your beneficiaries by completing this form and returning it to one of the representatives below.

Need Help or Have Questions?

The following MIT Benefits representatives are available to answer your questions.

MIT Benefits RepresentativePhoneEmail
Cari Angellotti, Manager – Health & Welfare Benefits617-258-7489caria@mit.edu
Mandy Chan, Senior Benefits Analyst617-258-6215mchann@mit.edu