Life Insurance

   

Employees have the option to enroll in Employee, Spouse and Child Life Insurance with MetLife. 

 

Employee Life Insurance With MetLife

If you want life insurance protection or you want to supplement the protection you already have, you may choose group term life coverage under the Flexible Benefits Program. The life insurance amount you choose is paid to your beneficiaries, if you die while this coverage is in effect. Your beneficiaries are the persons you name to receive your life insurance benefits.

Available Coverage Amounts

• one times your pay

• two times your pay

• three times your pay

• four times your pay

• five times your pay

• six times your pay

• seven times your pay

• eight times your pay

• nine times your pay

• ten times your pay

 

 

If you are a newly eligible employee, you may elect Employee Life Insurance at one (1) times through ten (10) times your Benefit Salary, up to a maximum of $2,000,000.  If you apply for an amount of insurance in excess of (1) times your pay or $200,000, you will be subject to medical underwriting. If you are age 65 or older, the value of your life coverage is reduced.

 

Important Notes about Employee, Spouse, and Child Life Insurance

• The life insurance amounts you choose will be based on your Benefit Salary as of October 1 each year . This amount is rounded up to the next higher $1,000, after you multiply your coverage and the premium has been adjusted for your October 1 pay and age.

• If your coverage selection requires medical underwriting, you will need to complete the MetLife Evidence of

Insurability Form along with any other required information. An approval by MetLife, the insurance carrier, must be made before coverage can be in effect.

• Be sure to designate your beneficiaries by accessing the GaBreeze web site

 

 

Spouse Life Insurance With MetLife

If you choose employee life insurance for yourself, you may also choose spouse life insurance coverage for your spouse. Spouse life insurance premiums are based on the coverage level and employee age. Premiums for spouse coverage are after-tax. However, if you are age 65 or older, the value of your spouse life coverage is reduced.

 

Available Coverage Amounts

$   6,000     $ 12,000     $ 30,000     $ 60,000     $100,000     $150,000     $200,000     $250,000

 

Spouse Life coverage cannot exceed 100% of your amount of Employee Life coverage.

 

You are the beneficiary of spouse life insurance coverage and will receive the insurance benefit in the event of your spouse’s death. If you are a newly eligible employee, you may elect $30,000 or less of spouse life coverage without medical underwriting.

 

Child Life Insurance With MetLife

If you choose life insurance for yourself, you may also choose child life insurance coverage for your child(ren). Child life insurance premiums are after-tax.

 

Available Coverage Amounts

$ 3,000         $ 6,000         $ 10,000        $ 15,000        $ 20,000

 

Your children are eligible for coverage if they are under age 26.  Child life coverage can be elected without medical underwriting.

 

Important Notes about Child Life:

• Child coverage can begin at live birth.  The coverage from live birth to 6 months is the lesser of the elected amount or $6000.

• Child Life coverage cannot exceed 100% of your amount of Employee Life coverage.

• You are the beneficiary of child life insurance coverage and will receive the insurance benefit in the event of the child’s death.

 

Detailed plan information can be found in the Enrollment Booklet or at the GaBreeze link on the Team Georgia website.   Pricing per plan and coverage tier varies and is accessible on the Flexible Benefit Rate Chart

Enrollment is made by new hires within 31 days of hire date at GaBreeze Enrollment

Enrollment/Changes due to qualifying life events during Plan Year are made within 31 days of event at GaBreeze.

Current Employees not experiencing a qualifying life changing event must enroll online at GaBreeze during annual enrollment period only for benefits beginning the following Plan Year.

 

Return to Benefits