Group Term Life Insurance

New and newly eligible employees can enroll in coverage for self and spouse/children without health evidence up to the maximum coverage level during their new/newly eligible enrollment period. All future enrollments require a statement of health. Voluntary life insurance is term life coverage you can purchase in addition to the basic life plan provided by your employer. It will cover you for a specific period of time while you are employed. The rates are age banded and increase every 5 years. It’s a group plan, premiums are typically lower, so it’s more affordable to gain the peace of mind that life insurance provides.

• Employee Group Term Life coverage:
  • Can elect coverage in $10,000 increments not to exceed an amount equal to 4X base pay or maximum $250,000 (whichever is less).
  • Can elect coverage in $10,000 increments over 4X base pay (maximum $1,000,000) by completing Statement of Health paperwork.
• Spouse Group Term Life coverage:
  • Must elect Employee Group Term Life to elect spouse coverage.
  • Employee can choose coverage for spouse in $10,000 increments up to $50,000.
• Child Group Term Life coverage:
  • Must elect Employee Group Term Life to elect coverage for children.
  • Employee can choose coverage for children in flat $5,000 or $10,000 coverage amounts. One policy covers all eligible dependent children.