BASIC GROUP TERM LIFE INSURANCE
The District provides a basic level of group term life insurance coverage at no cost to benefit eligible employees. This coverage is a term life benefit, meaning that it does not earn cash value and the coverage is terminated when employment ends. There are options for the employee to continue the term life coverage directly with Reliance Standard Insurance when employment ends.
CERTIFICATES OF COVERAGE:
Certificates of Coverage
This benefit is provided by the District at no cost to eligible employees and enrollment is automatic. Eligible employees must complete a Designation of Beneficiary form and provide it to the Benefits Department. Beneficiary designations can be changed at any time.
Designation of Beneficiary
SUPPLEMENTAL AND DEPENDENT LIFE INSURANCE
The District provides benefit eligible employees the opportunity to purchase additional term life insurance for themselves, their spouse or domestic partner and for their eligible dependent children. This coverage is a term life benefit, meaning that it does not earn cash value and the coverage is terminated when employment ends. There are options for the employee to continue the term life coverage directly with Reliance Standard Insurance when employment ends.
CERTIFICATE OF COVERAGE
Certificate of Coverage
Information for enrolling as a New Hire
Information for enrolling during Annual Enrollment
FORMS, RATES & HELPFUL INFORMATION
Enrollment and Statement of Health Form
Designation of Beneficiary Form
Monthly Rate Table
Importance of Life Insurance Coverage
Why Buy Life Insurance – Video
TERMINATION OF COVERAGE – BASIC, SUPPLEMENTAL & DEPENDENT LIFE
You may apply to continue your Supplemental and Dependent Life Insurance, subject to the plan provisions. You must apply for portability within 31 days of the date your insurance terminates. You may elect to decrease the amount of coverage you wish to port, but you will not be eligible to increase the amount of ported coverage. The minimum amount of insurance that you can apply to port is $5,000.
Group Life Portability Application and Rate Table
You may convert this insurance by applying for and paying the first premium for an individual policy within 31 days after any part of your Life Insurance under the Group Policy stops subject to the plan provisions. Proof of good health is not required.
Group Life Conversion Application
Group Life Conversion Rates
Please contact the Benefits Department for
assistance at 319-558-CRHR (2747), option 2.