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FACTS ABOUT THE PLAN
- All IMRF participating members of participating employers may enroll.
- The plan will pay a benefit in addition to other insurance plans.
- The plan is completely voluntary, and can be terminated at any time.
- If you cease to be an IMRF participant you can convert your Group Decreasing Term Life Insurance to a Prudential individual life policy within 31 days following termination of insurance. Dependent spouse or domestic partner ($16 plan only) term life coverage can also be converted if you cease to be an IMRF participant or you die.
- Benefit checks of $5,000 or more are deposited in a special interest bearing checking account, on which the beneficiary can write checks immediately after the claim is approved.
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