LIFE INSURANCE OPTIONS
GUARANTEED ISSUANCE FOR NEW HIRES
Basic Term Life Insurance
Cost : Paid for and provided by the City of Arlington Benefit : All full-time , newly hired employees are provided with basic term life insurance in the amount of 2x their annual salary , up to $ 300,000 .
Optional Term Life with Accidental Death and Dismemberment
Cost : Paid byemployee , see rate table on page 33 Benefit : Within their first 30 days of employment , new full-time employees may elect additional coverage , in $ 10,000 increments , up to 8x their annual base salary , not to exceed $ 200,000 . Coverage in excess of $ 200,000 will require completion of an Evidence of Insurability ( EOI ) by The Standard .
Optional Dependent Term Life Insurance
Cost : Paid byemployee , see rate table on page 33 Benefit : Within their first 30 days and after electing employee optional term life coverage , new full-time employees may elect additional coverage for their spouse beginning at $ 10,000 , up to to a maximum benefit of $ 50,000 , or amounts up to $ 150,000 after completion of an EOI . Employees may also elect a maximum of $ 10,000 for each child under the age of 26 ( no EOI required ), contingent upon the dependent not being home / hospital confined for medical care or treatment .
Coverage Maximum Amounts Provided by Employee Basic Term Life 2x Annual Salary , max $ 300,000 City-Sponsored
Optional Term Life with AD & D
Up to 8x Annual Salary , max $ 200,000 ($ 500,000 with EOI )
Employee-elected
Spouse Optional Life Up to $ 50,000 ($ 150,000 with EOI ) Employee-elected Child Optional Life $ 10,000 Employee-elected
ANNUAL ENROLLMENT PROCESS
Adding or Increasing Life Insurance Selections
Additions or increases to new or existing coverage will require the completion of an Evidence of Insurability ( EOI ), also known as a proof of good health , which may include physical examinations or lab work scheduled and provided by The Standard . After electing the benefit during the annual enrollment period , coverage will not become effective until completion of the EOI and approval by Standard underwriters .
Age and Rate Updates
Optional employee and spouse life insurance rates are based on employee age bands . The employee ’ s age is updated annually as of January 1 .
Decreasing or Stopping Coverage
To lower or stop optional life insurance coverage , submit a Family Status Change / Life Event form to Human Resources .
City of Arlington / EMPLOYEE BENEFITS GUIDE 2021
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