National Conference on Public Employee Retirement Systems

The Voice for Public Pensions

Group Life Insurance: Schedule of Benefits

Benefit Schedule
$16 Monthly Contribution

 
  MEMBER DEPENDENT
Member''s Age at Time of Claim Group Term Life Insurance Group Accidental Death & Dismemberment Insurance TotalBenefit For Accidental Death Group Term Life Insurance
Spouse/
Domestic Partner
Child(ren)
< 25 $225,000 $100,000 $325,000 $20,000 $4,000 (live birth to age 26)
25-29 $170,000 $100,000 $270,000 $20,000
30-39 $100,000 $100,000 $200,000 $20,000
40-44 $ 65,000 $100,000 $165,000 $18,000
45-49 $ 40,000 $100,000 $140,000 $15,000
50-54 $ 30,000 $100,000 $130,000 $10,000
55-59 $ 18,000 $100,000 $118,000 $ 7,000
60-64 $ 12,000 $100,000 $112,000 $ 5,000
65+ $  7,500 $7,500 $15,000 $ 4,000
The total cost of coverage for the member, their spouse/domestic partner and eligible children is $16 per month. Payment is made by payroll deduction. Domestic partners may not be recognized in all states.


Benefit Schedule
$17 Monthly Contribution

 
  MEMBER DEPENDENT
Member's Age at Time of Claim Group Term Life Insurance Group Accidental Death & Dismemberment Insurance TotalBenefit For Accidental Death Group Term Life Insurance
Spouse/
Domestic Partner
Child(ren)
<25 $225,000 $100,000 $325,000 $20,000 $4,000 (live birth to age 26)
25-29 $170,000 $100,000 $270,000 $20,000
30-39 $100,000 $100,000 $200,000 $20,000
40-44 $65,000 $100,000 $165,000 $18,000
45-49 $40,000 $100,000 $140,000 $15,000
50-54 $30,000 $100,000 $130,000 $10,000
55-59 $18,000 $100,000 $118,000 $7,000
60-64 $12,000 $100,000 $112,000 $5,000
65-69 $7,000 $7,000 $14,000 $4,000
70-74 $6,000 $6,000 $12,000 $3,000
75-79 $5,000 $5,000 $10,000 $2,000
80-84 $4,000 $4,000 $8,000 $2,000
85+ $3,000 $3,000 $6,000 $2,000
The total cost of coverage for the member, their spouse/domestic partner and eligible children is $17 per month. Direct payment billed to you at home or pension deduction for retirees (as determined by plan sponsor). Domestic partners may not be recognized in all states.