MIT offers global employees 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 were also enrolled in Zurich Global coverage as described in the chart below, at no cost to you.
Zurich Global coverage for U.S. expatriates
| Life Insurance | U.S. Expatriates |
|---|---|
| Employee Basic Life Insurance | Flat $10,000 |
| AD&D | |
| Employee AD&D | Flat $10,000 |
| Other | |
| Age Reductions | Reduces 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
Your current MetLife Basic Life insurance and AD&D insurance offering ended January 1, 2020. You were automatically enrolled in Zurich Global coverage as described in the chart below, at no cost to you.
Coverage for third country and local nationals
| Life Insurance | TCNs/KLNs |
|---|---|
| Employee Life Insurance | 2x Annual Earnings |
| Guaranteed Issue Amount (no Statement of Health required) | $200,000 |
| Maximum Benefit | $500,000 |
| Age Reductions | Reduces 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. |
| AD&D | |
| Employee AD&D | Flat $100,000 |
| Age Reductions | Reduces 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 Representative | Phone | |
|---|---|---|
| Cari Angellotti, Associate Director, Health & Welfare Benefits | 617-258-7489 | caria@mit.edu |
| Mandy Chan, Senior Benefits Specialist | 617-258-6215 | mchann@mit.edu |
