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Life Insurance

Tablet with a life insurance form displaying on its screen.

 

If you are a full-time employee, you are required to have the following basic insurance coverage:

  • Term life insurance of 1 times your basic annual earnings, up to $200,000. For active employees, at age 65, coverage is reduced to 65% of the pre-65 face value.
  • Accidental death and dismemberment (AD&D) insurance of 8 times your basic annual earnings, up to $600,000, for a loss of life that is a direct result of an accidental injury sustained in the performance of County employment (lesser amounts may be payable for certain dismemberments resulting from accidental bodily injury).
  • AD&D insurance of 4 times your basic annual earnings, up to $300,000, for a loss of life that is not a direct result of an accidental injury sustained in the performance of County employment (lesser amounts may be payable for certain dismemberments resulting from accidental bodily injury).
  • Business travel accident (BTA) insurance of $100,000 for a loss of life resulting from an accident while traveling in a common carrier (e.g., a commercial airline, train or bus) during a business trip; $50,000 for a loss of life resulting from an accident during a business trip other than while traveling in a common carrier (lesser amounts may be payable for certain dismemberments resulting from accidental bodily injury occurring during a business trip). Please note that the business trip must be outside of Montgomery County, Maryland. 

In addition to your basic life insurance, you may purchase optional term life insurance in amounts equal to 1, 2, 3, 4, 5, 6, 7 or 8 times your basic annual earnings, subject to a maximum of $1,000,000. Included with your optional term life election is an equivalent amount of AD&D subject to the same $1,000,000 maximum. You pay the full cost of the optional life insurance. The group rates are based on your age and you must be actively at work for any new coverage amounts to be in effect. 

Beneficiary Forms
Minnesota Life Evidence of Insurability Online Guide
Minnesota Life Evidence of Insurability Form

Dependent life insurance covers your spouse and eligible dependent children. You may elect one of the following options or choose no coverage at all: 

Coverage   Employee Bi-Weekly Cost Total Bi-Weekly Cost
$2000 Spouse
$1000 Child/ren
25% Employee Paid $0.18 $0.72
$4000 Spouse
$2000 Child/ren
100% Employee Paid $0.62 $0.62
$10,000 Spouse
$5000 Child/ren
100% Employee Paid $1.42 $1.42

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