Duke provides a $2,500 death benefit to the beneficiaries of employees which were covered under the insurance certificate plan on or before December 1, 1974.
You are covered under this plan if you were an employee at Duke University prior to December 1, 1974, were actively employed on that date, were both eligible for coverage and were participating in Duke University's group life insurance plan on December 1, 1974. In addition, you must have completed at least ten consecutive years of service and been a participant under the group life insurance plan during at least ten consecutive years of service beginning on or before December 1, 1974. Lastly, you must not have terminated employment for any reason prior to age 65 or have died while employed by Duke. House staff are not eligible for this plan.
An employee covered by a collective bargaining agreement isn't eligible for coverage for this plan, unless coverage was mutually agreed to in the bargaining agreement.
The amount of the benefit for any certificate issued after December 1, 1974 is $2,500.
If you are eligible for the benefit, you will automatically be issued a certificate when you meet the eligibility criteria.
Duke entirely pays the cost of the plan from its general assets. You do not have to pay any premiums for the benefit.
Duke reserves the right, in its sole discretion, to modify, suspend or terminate this program at any time, for any reason.