Supplemental Life Insurance

Lincoln Financial

Voluntary Term Life Insurance + AD&D

You also have the opportunity to purchase additional life and AD&D coverage for yourself and your dependents at group rates. The coverage is designed to protect you as an employee, spouse or dependent child while you are employed at Heard County Schools.

Note: Spouse and child coverage is only available when the employee elects voluntary coverage for him or herself.

Voluntary Life Benefits at a Glance

Benefits

Amount New Hires Guarantee Issue
Employee $10,000 increments up to $300,000, not to exceed 5x salary $200,000
Spouse $5,000 increments, up to $100,000, not to exceed 100% of employee’s benefit $50,000
Child(ren)* Age 14 days to 6 months

Age to age 26 (if unmarried) guaranteed coverage amount

 $250

$10,000

Plan Design – Statement of Good Health

  • *Employees can enroll or increase $20,000 each Annual Enrollment up to the Guarantee Issue Limits.
  • *Spouse coverage can be increased 2 increments or $10,000 at each annual enrollment not to exceed $50,000.

* Employee or Spouse who have previously withdrawn or denied coverage due to evidence of insurability must submit proof of good health for any additional amount elected.

  • This benefit includes an equal amount of Accidental Death & Dismemberment coverage (AD&D), that will pay an additional equal amount in the event of a fatal accident.
  • There is a benefit schedule payable if an accident results in the loss of eyesight, speech, hearing or a limb.

Enrollment

New Employees enrolling when first eligible receive $200,000 Guarantee Issue- without answering any medical questions.
If the spouse is also employed at Heard County Schools, they may not be covered as both an employee & spouse.
Dependent coverage is only available if the employee is insured for the Employee Group Supplemental Life coverage.
If both parents are employees, only one parent can cover the child(ren).

Premiums

Employee Monthly Premiums

Age Cost of $10,000 coverage
<25 $0.83
25 – 29 $0.90
30 – 34 $1.04
35 – 39 $1.32
40 – 44 $1.74
45 -49 $2.57
50 – 54 $3.87
55 – 59 $5.77
60 – 64 $8.80
65 – 69 $15.02
70 – 74 $26.53
75 – 79 $51.65

Spouse Monthly Premium

Age Cost of $5,000 coverage
<25 $0.42
25 – 29 $0.45
30 – 34 $0.52
35 – 39 $0.66
40 – 44 $0.87
45 -49 $1.29
50 – 54 $1.94
55 – 59 $2.89
60 – 64 $4.40
65 – 69 $7.51
70 – 74 $13.27
75 – 79 $25.83

Rates based on employee age

Children

Dependent child coverage is $250 for 14 days to 6 months and increases to $10,000 for age 6 months to 26 for $4.43/month.

Certificate of Coverage

Employee Voluntary Life Certificate