Voluntary Life/AD&D
Term Life Insurance provides valuable financial protection for your family. Bulloch County Board of Education is pleased to offer a solution.
- You must be an active employee of Bulloch County Board of Education working at least 30 hours each week.
- You must elect Voluntary Life with AD&D insurance for yourself in order to elect Dependents Life with AD&D insurance for your spouse and eligible children.
- Spouse means a person to whom you are legally married.
- Child means your child from live birth through age 26.
- Your spouse or children must not be full time members of the armed forces.
- You pay 100% of the premium for this coverage through easy payroll deduction.
- Coverage amount must not exceed five times your annual earnings.
Eligibility
- All benefits eligible employees
- Legally married spouse under age 70
- Child(ren) age 14 days to 20 years of age (or to age 26 if unmarried & full-time student)
Coverage and Monthly Premiums
- Your premiums are based on the coverage amount you elect and your age
- Spouses rates are based on the employees age
- Coverage available in $10,000 increments for employees and $5,000 increments for dependent spouses
Guaranteed Issue Amounts:
Employee: Up to $200,000
Spouse: Up to $50,000
Child(ren): $5,000 or $10,000 per dependent child
* If you did not enroll when you were initially hired and eligible for benefits, you will be considered a late entrant, and subject to medical Evidence of Insurability- EOI, for yourself and your dependents, and coverage could be denied.
Portability
You may be eligible to port this coverage with you if you terminate employment prior to age 70.
Plan Documents/ Resources
These documents are not a contract for coverage. Certain restrictions may apply. Coverage reduces to 65% at age 65 and then to 50% at age 70 and 35% at age 75.
Please refer to the certificate booklets for complete reductions and benefit limitations and restrictions.