Premiums are paid 100% by the Coweta County Board of Education.
Amount of coverage is equal to one time your annual salary, rounded up to the next higher $1,000.
Maximum amount provided is $50,000.
Refer to the Summary of Benefits for Group Life Plan Details.
Board Members Summary of Benefits for Group Life Plans
Amounts of coverage reduce with age as follows:
At Age 70 – benefit reduces to 50% of insurance in-force
Coverage terminates upon termination of employment or eligibility, retirement or termination of the group policy
Employees may convert their group life insurance coverage to a whole life individual policy without Evidence of Insurability.
It includes an equal amount of Accidental Death and Dismemberment.
It Includes an Accelerated Death Benefit which allows you to receive up to 50% of your Basic Group Life coverage in the event of a terminal illness. Terminally ill employees must have at least $10,000 of coverage.
A Premium Waiver Provision is included which will allow coverage to be continued without premium payment until age 70 or retirement, whichever is earlier, if an employee becomes totally and permanently disabled prior to age 60.
Seat Belt benefit for AD&D pays an additional 10% of coverage, if death occurs in an automobile accident while wearing a seat belt.
Seat Belt and Air Bag benefit for AD&D pays an additional 15% of coverage, if a seat belt and an air bag were in place and inflated on impact.