Life insurance provides financial protection in case of your death or the death of your spouse, domestic partner, or child.
Beginning in 2017, Life Insurance will be administered by MetLife.
Types of life insurance available:
|Type of Insurance||Coverage Available||When Evidence of Insurability is Needed|
|Employee Term Life||$10,000||Never|
|Basic Employee Term Life||1x Employee Salary||Outside of newly eligible window|
|Supplemental Employee Term Life||1-8x Employee Salary up to $3 million||Amounts over 3x Employee Salary or $500,000, whichever is less; for any election made outside of newly eligible window|
|Dependent Term Life -- Spouse||$25,000 to $250,000||Amounts over $25,000; for any election made outside of newly eligible window|
|Dependent Term Life -- Children||$5,000 to $20,000||Never|