Benefits may also be paid to you prior to your death, if you are terminally ill. If you have a terminal illness in which life expectancy is less than twelve months, you may receive a one-time, lump-sum payment of
- up to 100 percent of your combined basic and optional (if applicable) life insurance benefit.
The minimum amount of life insurance that can be accelerated is the lesser of
- 25% of your amount of life insurance, or
The amount of life insurance coverage that remains in effect will be reduced by the amount paid out under the accelerated death benefit.
Refer to the Handbook and Coverage Certificate for additional information. In the event of a terminal illness, contact your campus benefits office for assistance.