Group Life Insurance

Life insurance coverage gives you peace of mind knowing that your family will be protected from financial difficulty in the event of your death.

For the 2017/2018 school year there will be slight change in rates.

A portion of the required Group Life rate has been subsidized from the Plan’s surplus funds since October 1, 2006.  A reduced premium rate of $0.10 per $1,000 of coverage has been paid by employees and employers since then.

The subsidy is being reduced effective October 1, 2017.  The Group Life rate paid by employees and employers will increase accordingly, from $0.10 to $0.11 per $1,000 of coverage.  A portion of the rates is still being subsidized.

Family Life Insurance

Coverage for family members has been expanded to include children of legal guardians starting September 1, 2015.  There is no change to the rates for the 2017/2018 school year.

AD&D Insurance

Coverage for family members has also been expanded to include children of legal guardians.

If you currently do not have AD&D insurance, you’ll have an opportunity to add this coverage in September 2015.  If interested, contact your payroll administrator for an application.  Once it is processed, your new coverage will begin on the later of September 1, 2015 or the date the application is received by your payroll administrator.  At this time you can also increase or decrease your existing coverage.

 

For more information on your Group Life Insurance