Benefits

 

Life Insurance

 

Basic Life Insurance:

The Board provides an amount of group term life insurance equal to $30,000 with no cost to you.

 

Optional Life Insurance For You:

You may purchase additional term insurance at your expense in an amount equal to a maximum of 10 times your annual pay up to $500,000. For new hires, $200,000 is guaranteed issue. That means no medical questions. Additional amounts will require evidence of your good health before issue.

 

Optional Life Insurance For Your Dependents:

Spouse life insurance is available too. You may purchase spouse insurance in an amount equal to a maximum of 10 times your annual pay up to $500,000. For new hires, $50,000 is guaranteed issue. That means no medical questions. Additional amounts will require evidence of your good health before issue.

 

Child Life insurance is available in increments of $2500, $5000, $7500, or $10,000. This insurance covers all children in your family.

 

If you require information or help with Life Insurance, please call the Barrow benefits office.

 

 

Please remember that the above explanation is just a summary. The official insurance company plan documents govern operation of this benefit. Click here to download the FSA plan document. (This will be provided soon)

 

 

 

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