![]() If you apply for coverage above the guaranteed amount and are declined due to health reasons, you will still receive the guaranteed amount.ĭependent Spouse Term Life Insurance CoverageĪll employees enrolled in basic term life insurance may elect and pay for dependent spouse coverage. Guaranteed issue coverage may be available during annual open enrollment periods, qualified family status changes and when first eligible to enroll in your life insurance plan. This means, you won’t be turned down for medical reasons. Guaranteed issue coverage gives you the option to purchase life insurance without providing evidence of insurability (EOI). Your optional life insurance premium will change as the result of a change in annual salary on the effective date of the change in salary. Your optional life insurance premium will increase the month before (for coverage for the month of) your birthday when you change age bands. OPS employees are not eligible for this coverage. Visit Ellie, Securian's interactive guide, to determine the coverage amount right for you and learn how to calculate your monthly premium. Benefit amounts between 1 and 7 times base annual earnings, up to a maximum of $1,000,000 are available. Salaried employees enrolled in basic life insurance coverage can also elect additional term life insurance. Eligible Part-time employees pay prorated premiums based on their FTE. To learn more about the group term life insurance plan and coverage options, visit Securian. Find out if you are eligible for these benefits.Ī free, basic group term life insurance benefit of $25,000 is available to all salaried (SES/SMS and Career Service) full-time employees. The State of Florida offers group term life insurance to eligible employees and their dependents.
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